TC FX Analysis

Date:2019/1/02 Gold spot Intraday: bullish bias above 1277.00.

EUR/USD Intraday: key resistance at 1.1480.
Pivot: 1.1480

Our preference: short positions below 1.1480 with targets at 1.1445 & 1.1425 in extension.

Alternative scenario: above 1.1480 look for further upside with 1.1500 & 1.1525 as targets.

Comment: technically the RSI is below 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: rebound expected.
Pivot: 1.2720

Our preference: long positions above 1.2720 with targets at 1.2770 & 1.2785 in extension.

Alternative scenario: below 1.2720 look for further downside with 1.2700 & 1.2680 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

 

AUD/USD Intraday: under pressure.
Pivot: 0.7055

Our preference: short positions below 0.7055 with targets at 0.7030 & 0.7015 in extension.

Alternative scenario: above 0.7055 look for further upside with 0.7070 & 0.7085 as targets.

Comment: the index currently faces a challenging resistance area at 0.7055.

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: under pressure.
Pivot: 110.00

Our preference: short positions below 110.00 with targets at 109.50 & 109.25 in extension.

Alternative scenario: above 110.00 look for further upside with 110.20 & 110.50 as targets.

Comment: a break below 109.50 would trigger a drop towards 109.25.

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 1277.00.
Pivot: 1277.00

Our preference: long positions above 1277.00 with targets at 1284.00 & 1288.50 in extension.

Alternative scenario: below 1277.00 look for further downside with 1274.00 & 1271.00 as targets.

Comment: the RSI is mixed to bullish.

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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