TC FX Analysis

Date:2019/1/16 AUD/USD Intraday: turning up.

EUR/USD Intraday: key resistance at 1.1440.
Pivot: 1.1440

Our preference: short positions below 1.1440 with targets at 1.1380 & 1.1345 in extension.

Alternative scenario: above 1.1440 look for further upside with 1.1465 & 1.1490 as targets.

Comment: as long as the resistance at 1.1440 is not surpassed, the risk of the break below 1.1380 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: continuation of the rebound.
Pivot: 1.2820

Our preference: long positions above 1.2820 with targets at 1.2890 & 1.2930 in extension.

Alternative scenario: below 1.2820 look for further downside with 1.2770 & 1.2730 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: turning up.
Pivot: 0.7190

Our preference: long positions above 0.7190 with targets at 0.7220 & 0.7235 in extension.

Alternative scenario: below 0.7190 look for further downside with 0.7175 & 0.7155 as targets.

Comment: the RSI calls for a rebound.

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: 108.45

Our preference: long positions above 108.45 with targets at 108.80 & 109.00 in extension.

Alternative scenario: below 108.45 look for further downside with 108.30 & 108.10 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

 

Gold spot Intraday: range.
Pivot: 1294.50

Our preference: short positions below 1294.50 with targets at 1286.50 & 1283.00 in extension.

Alternative scenario: above 1294.50 look for further upside with 1297.00 & 1300.00 as targets.

Comment: the RSI is mixed to bearish.

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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