TC FX Analysis

Date:2019/1/09 USD/JPY Intraday: bullish bias above 108.45.

EUR/USD Intraday: key resistance at 1.1460.
Pivot: 1.1460

Our preference: short positions below 1.1460 with targets at 1.1425 & 1.1410 in extension.

Alternative scenario: above 1.1460 look for further upside with 1.1485 & 1.1500 as targets.

Comment: as long as the resistance at 1.1460 is not surpassed, the risk of the break below 1.1425 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

 

GBP/USD Intraday: key resistance at 1.2750.
Pivot: 1.2750

Our preference: short positions below 1.2750 with targets at 1.2695 & 1.2670 in extension.

Alternative scenario: above 1.2750 look for further upside with 1.2790 & 1.2815 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1.2750.

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: 0.7130

Our preference: long positions above 0.7130 with targets at 0.7185 & 0.7200 in extension.

Alternative scenario: below 0.7130 look for further downside with 0.7110 & 0.7080 as targets.

Comment: the RSI calls for a new upleg.

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: bullish bias above 108.45.
Pivot: 108.45

Our preference: long positions above 108.45 with targets at 109.10 & 109.50 in extension.

Alternative scenario: below 108.45 look for further downside with 108.05 & 107.45 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: rebound.
Pivot: 1281.25

Our preference: long positions above 1281.25 with targets at 1290.00 & 1292.25 in extension.

Alternative scenario: below 1281.25 look for further downside with 1279.00 & 1276.00 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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