TC FX Analysis

Date:2018/12/27 USD/JPY Intraday: target 111.80.

EUR/USD Intraday: under pressure.
Pivot: 1.1375

Our preference: short positions below 1.1375 with targets at 1.1340 & 1.1320 in extension.

Alternative scenario: above 1.1375 look for further upside with 1.1390 & 1.1415 as targets.

Comment: a break below 1.1340 would trigger a drop towards 1.1320.

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: under pressure.
Pivot: 1.2665

Our preference: short positions below 1.2665 with targets at 1.2620 & 1.2605 in extension.

Alternative scenario: above 1.2665 look for further upside with 1.2690 & 1.2720 as targets.

Comment: the break below 1.2665 is a negative signal that has opened a path to 1.2620.

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 0.7100.
Pivot: 0.7045

Our preference: long positions above 0.7045 with targets at 0.7075 & 0.7100 in extension.

Alternative scenario: below 0.7045 look for further downside with 0.7030 & 0.7010 as targets.

Comment: the RSI lacks downward 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

 

USD/JPY Intraday: target 111.80.
Pivot: 110.80

Our preference: long positions above 110.80 with targets at 111.45 & 111.80 in extension.

Alternative scenario: below 110.80 look for further downside with 110.45 & 110.25 as targets.

Comment: the RSI advocates for further upside.

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: the bias remains bullish.
Pivot: 1262.00

Our preference: long positions above 1262.00 with targets at 1274.00 & 1279.00 in extension.

Alternative scenario: below 1262.00 look for further downside with 1256.50 & 1253.50 as targets.

Comment: even though a continuation of the consolidation 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

 

 

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.

Revisit Appointment

  • Our service time is 09:00-22:00,
    Monday to Friday (GMT+8)

User experience score