TC FX Analysis

Date:2019/1/14 Gold spot Intraday: 1280.00 in sight.

EUR/USD Intraday: under pressure.
Pivot: 1.1490

Our preference: short positions below 1.1490 with targets at 1.1435 & 1.1410 in extension.

Alternative scenario: above 1.1490 look for further upside with 1.1515 & 1.1540 as targets.

Comment: the RSI lacks upward 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: further advance.
Pivot: 1.2815

Our preference: long positions above 1.2815 with targets at 1.2880 & 1.2910 in extension.

Alternative scenario: below 1.2815 look for further downside with 1.2780 & 1.2735 as targets.

Comment: the RSI advocates 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

 

AUD/USD Intraday: key resistance at 0.7215.
Pivot: 0.7215

short positions below 0.7215 with targets at 0.7190 & 0.7170 in extension.

Alternative scenario: above 0.7215 look for further upside with 0.7235 & 0.7260 as targets.

Comment: the index currently faces a challenging resistance area at 0.7215.

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 upside prevails.
Pivot: 108.20

Our preference: long positions above 108.20 with targets at 108.60 & 108.80 in extension.

Alternative scenario: below 108.20 look for further downside with 108.00 & 107.75 as targets.

Comment: a support base at 108.20 has formed and has allowed for a temporary stabilisation.

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: 1280.00 in sight.
Pivot: 1293.00

Our preference: short positions below 1293.00 with targets at 1285.50 & 1280.00 in extension.

Alternative scenario: above 1293.00 look for further upside with 1295.00 & 1297.00 as targets.

Comment: a break below 1285.50 would trigger a drop towards 1280.00.

 

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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