TC FX Analysis

Date:2019/1/10 AUD/USD Intraday: target 0.7230.

EUR/USD Intraday: further upside.
Pivot: 1.1505

Our preference: long positions above 1.1505 with targets at 1.1595 & 1.1620 in extension.

Alternative scenario: below 1.1505 look for further downside with 1.1485 & 1.1445 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

 

GBP/USD Intraday: the upside prevails.
Pivot: 1.2755

Our preference: long positions above 1.2755 with targets at 1.2820 & 1.2855 in extension.

Alternative scenario: below 1.2755 look for further downside with 1.2730 & 1.2705 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

 

AUD/USD Intraday: target 0.7230.
Pivot: 0.7150

Our preference: long positions above 0.7150 with targets at 0.7195 & 0.7230 in extension.

Alternative scenario: below 0.7150 look for further downside with 0.7110 & 0.7080 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

 

USD/JPY Intraday: the downside prevails.
Pivot: 108.45

Our preference: short positions below 108.45 with targets at 107.95 & 107.50 in extension.

Alternative scenario: above 108.45 look for further upside with 108.80 & 109.00 as targets.

Comment: a break below 107.95 would trigger a drop towards 107.50.

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: the upside prevails.
Pivot: 1287.00

Our preference: long positions above 1287.00 with targets at 1298.50 & 1304.00 in extension.

Alternative scenario: below 1287.00 look for further downside with 1283.75 & 1279.75 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

 

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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