TC FX Analysis

Date:2019/1/18 Gold spot Intraday: consolidation in place.

EUR/USD Intraday: under pressure.
Pivot: 1.1410

Our preference: short positions below 1.1410 with targets at 1.1370 & 1.1340 in extension.

Alternative scenario: above 1.1410 look for further upside with 1.1425 & 1.1455 as targets.

Comment: as long as 1.1410 is resistance, expect a return to 1.1370.

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: 1.2915

Our preference: long positions above 1.2915 with targets at 1.3015 & 1.3080 in extension.

Alternative scenario: below 1.2915 look for further downside with 1.2880 & 1.2830 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: the bias remains bullish.
Pivot: 0.7175

Our preference: long positions above 0.7175 with targets at 0.7200 & 0.7210 in extension.

Alternative scenario: below 0.7175 look for further downside with 0.7160 & 0.7145 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 bias remains bullish.
Pivot: 108.90

Our preference: long positions above 108.90 with targets at 109.40 & 109.75 in extension.

Alternative scenario: below 108.90 look for further downside with 108.65 & 108.35 as targets.

Comment: the break above 108.90 is a positive signal that has opened a path to 109.40.

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: consolidation in place.
Pivot: 1295.00

Our preference: short positions below 1295.00 with targets at 1288.50 & 1286.50 in extension.

Alternative scenario: above 1295.00 look for further upside with 1297.00 & 1299.50 as targets.

Comment: as long as 1295.00 is resistance, look for choppy price action with a bearish 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

 

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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