TC FX Analysis

Date:2018/12/28 AUD/USD Intraday: rebound expected.

EUR/USD Intraday: the upside prevails.
Pivot: 1.1405

Our preference: long positions above 1.1405 with targets at 1.1455 & 1.1475 in extension.

Alternative scenario: below 1.1405 look for further downside with 1.1385 & 1.1365 as targets.

Comment: technically the RSI is above its neutrality area at 50.

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 1.2620 & 1.2605 in extension.

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

Comment: as long as the resistance at 1.2665 is not surpassed, the risk of the break below 1.2620 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: rebound expected.
Pivot: 0.7015

Our preference: long positions above 0.7015 with targets at 0.7055 & 0.7075 in extension.

Alternative scenario: below 0.7015 look for further downside with 0.6995 & 0.6965 as targets.

Comment: the RSI calls for a rebound.

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: the bias remains bullish.
Pivot: 110.65

Our preference: long positions above 110.65 with targets at 111.10 & 111.40 in extension.

Alternative scenario: below 110.65 look for further downside with 110.45 & 110.25 as targets.

Comment: technically the RSI is above its neutrality area at 50.

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: bullish bias above 1270.50.
Pivot: 1270.50

Our preference: long positions above 1270.50 with targets at 1279.00 & 1284.50 in extension.

Alternative scenario: below 1270.50 look for further downside with 1266.50 & 1264.25 as targets.

Comment: a support base at 1270.50 has formed and has allowed for a temporary stabilisation.

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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