TC FX Analysis

Date:2019/1/21 USD/JPY Intraday: the upside prevails.

EUR/USD Intraday: key resistance at 1.1385.
Pivot: 1.1385

Our preference: short positions below 1.1385 with targets at 1.1350 & 1.1330 in extension.

Alternative scenario: above 1.1385 look for further upside with 1.1410 & 1.1425 as targets.

Comment: as long as the resistance at 1.1385 is not surpassed, the risk of the break below 1.1350 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: watch 1.2775.
Pivot: 1.2930

Our preference: short positions below 1.2930 with targets at 1.2830 & 1.2775 in extension.

Alternative scenario: above 1.2930 look for further upside with 1.2965 & 1.3000 as targets.

Comment: a break below 1.2830 would trigger a drop towards 1.2775.

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 downside prevails.
Pivot: 0.7180

Our preference: short positions below 0.7180 with targets at 0.7145 & 0.7130 in extension.

Alternative scenario: above 0.7180 look for further upside with 0.7195 & 0.7205 as targets.

Comment: the RSI is bearish and calls for further downside.

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: 109.35

Our preference: long positions above 109.35 with targets at 109.90 & 110.30 in extension.

Alternative scenario: below 109.35 look for further downside with 109.10 & 108.90 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: key resistance at 1284.00.
Pivot: 1284.00

Our preference: short positions below 1284.00 with targets at 1280.00 & 1276.00 in extension.

Alternative scenario: above 1284.00 look for further upside with 1286.50 & 1290.00 as targets.

Comment: the RSI is mixed and calls for caution.

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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