TC FX Analysis

Date:2018/12/24 Gold spot Intraday: key resistance at 1262.00.

EUR/USD Intraday: the downside prevails.
Pivot: 1.1400

Our preference: short positions below 1.1400 with targets at 1.1335 & 1.1305 in extension.

Alternative scenario: above 1.1400 look for further upside with 1.1430 & 1.1445 as targets.

Comment: the RSI shows downside momentum.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point  | Black represents the price when the report was produced

 

GBP/USD Intraday: key resistance at 1.2665.
Pivot: 1.2665

Our preference: short positions below 1.2665 with targets at 1.2615 & 1.2605 in extension.

Alternative scenario: above 1.2665 look for further upside with 1.2690 & 1.2705 as targets.

Comment: as long as the resistance at 1.2665 is not surpassed, the risk of the break below 1.2615 remains high.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point  | Black represents the price when the report was produced

 

AUD/USD Intraday: watch 0.7000.
Pivot: 0.7075

Our preference: short positions below 0.7075 with targets at 0.7025 & 0.7000 in extension.

Alternative scenario: above 0.7075 look for further upside with 0.7105 & 0.7125 as targets.

Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point  | Black represents the price when the report was produced

 

USD/JPY Intraday: key resistance at 111.45.
Pivot: 111.45

Our preference: short positions below 111.45 with targets at 110.75 & 110.35 in extension.

Alternative scenario: above 111.45 look for further upside with 111.80 & 112.15 as targets.

Comment: as long as the resistance at 111.45 is not surpassed, the risk of the break below 110.75 remains high.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point  | Black represents the price when the report was produced

 

Gold spot Intraday: key resistance at 1262.00.
Pivot: 1262.00

Our preference: short positions below 1262.00 with targets at 1253.50 & 1251.00 in extension.

Alternative scenario: above 1262.00 look for further upside with 1266.50 & 1270.00 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1262.00.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point  | Black represents the price when the report was produced

 

Any information contained in this report should not be deemed to constitute investment advice and should not be relied upon as the basis for a decision to place a trade, or as the basis for any financial or investment decision.

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