TC FX Analysis

Date:2019/1/07 GBP/USD Intraday: towards 1.2810.

EUR/USD Intraday: target 1.1455.
Pivot: 1.1380

Our preference: long positions above 1.1380 with targets at 1.1420 & 1.1455 in extension.

Alternative scenario: below 1.1380 look for further downside with 1.1345 & 1.1310 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

 

GBP/USD Intraday: towards 1.2810.
Pivot: 1.2675

Our preference: long positions above 1.2675 with targets at 1.2765 & 1.2810 in extension.

Alternative scenario: below 1.2675 look for further downside with 1.2620 & 1.2580 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

 

AUD/USD Intraday: further advance.
Pivot: 0.7055

Our preference: long positions above 0.7055 with targets at 0.7160 & 0.7200 in extension.

Alternative scenario: below 0.7055 look for further downside with 0.7015 & 0.6975 as targets.

Comment: the RSI is bullish and calls for further advance.

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: 109.50 expected.
Pivot: 108.00

Our preference: long positions above 108.00 with targets at 108.85 & 109.50 in extension.

Alternative scenario: below 108.00 look for further downside with 107.45 & 106.70 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: caution.
Pivot: 1287.00

Our preference: short positions below 1287.00 with targets at 1281.50 & 1276.00 in extension.

Alternative scenario: above 1287.00 look for further upside with 1292.00 & 1295.00 as targets.

Comment: the RSI is mixed and calls for caution.

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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