TC FX Analysis

Date:2019/1/03 USD/JPY Intraday: key resistance at 108.70.

EUR/USD Intraday: under pressure.
Pivot: 1.1365

Our preference: short positions below 1.1365 with targets at 1.1295 & 1.1270 in extension.

Alternative scenario: above 1.1365 look for further upside with 1.1400 & 1.1435 as targets.

Comment: the break below 1.1365 is a negative signal that has opened a path to 1.1295.

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: 1.2615

Our preference: short positions below 1.2615 with targets at 1.2465 & 1.2435 in extension.

Alternative scenario: above 1.2615 look for further upside with 1.2660 & 1.2700 as targets.

Comment: as long as the resistance at 1.2615 is not surpassed, the risk of the break below 1.2465 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: key resistance at 0.7000.
Pivot: 0.7000

Our preference: short positions below 0.7000 with targets at 0.6895 & 0.6830 in extension.

Alternative scenario: above 0.7000 look for further upside with 0.7035 & 0.7075 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 108.70.
Pivot: 108.70

Our preference: short positions below 108.70 with targets at 106.55 & 105.80 in extension.

Alternative scenario: above 108.70 look for further upside with 109.20 & 109.50 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

 

Gold spot Intraday: turning up.
Pivot: 1278.50

Our preference: long positions above 1278.50 with targets at 1295.00 & 1298.00 in extension.

Alternative scenario: below 1278.50 look for further downside with 1274.00 & 1271.00 as targets.

Comment: the RSI is bullish and calls 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

 

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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