TC FX Analysis

Date:2019/1/08 Gold spot Intraday: caution.

EUR/USD Intraday: the upside prevails.
Pivot: 1.1445

Our preference: long positions above 1.1445 with targets at 1.1500 & 1.1540 in extension.

Alternative scenario: below 1.1445 look for further downside with 1.1410 & 1.1385 as targets.

Comment: the break above 1.1445 is a positive signal that has opened a path to 1.1500.

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: watch 1.2850.
Pivot: 1.2750

Our preference: long positions above 1.2750 with targets at 1.2815 & 1.2850 in extension.

Alternative scenario: below 1.2750 look for further downside with 1.2720 & 1.2695 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: supported by a rising trend line.
Pivot: 0.7105

Our preference: long positions above 0.7105 with targets at 0.7160 & 0.7200 in extension.

Alternative scenario: below 0.7105 look for further downside with 0.7080 & 0.7055 as targets.

Comment: the RSI is mixed with a bullish bias.

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: turning up.
Pivot: 108.05

Our preference: long positions above 108.05 with targets at 108.90 & 109.50 in extension.

Alternative scenario: below 108.05 look for further downside with 107.45 & 106.70 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: caution.
Pivot: 1290.00

Our preference: short positions below 1290.00 with targets at 1285.50 & 1281.50 in extension.

Alternative scenario: above 1290.00 look for further upside with 1292.25 & 1295.25 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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