TC FX Analysis

Date:2019/1/22 AUD/USD Intraday: under pressure.

EUR/USD Intraday: under pressure.
Pivot: 1.1385

Our preference: short positions below 1.1385 with targets at 1.1355 & 1.1335 in extension.

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

Comment: a break below 1.1355 would trigger a drop towards 1.1335.

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: 1.2860

Our preference: long positions above 1.2860 with targets at 1.2925 & 1.2965 in extension.

Alternative scenario: below 1.2860 look for further downside with 1.2830 & 1.2800 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

 

AUD/USD Intraday: under pressure.
Pivot: 0.7175

Our preference: short positions below 0.7175 with targets at 0.7140 & 0.7120 in extension.

Alternative scenario: above 0.7175 look for further upside with 0.7195 & 0.7205 as targets.

Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

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: 109.45

Our preference: long positions above 109.45 with targets at 109.75 & 109.90 in extension.

Alternative scenario: below 109.45 look for further downside with 109.30 & 109.10 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: rebound expected.
Pivot: 1276.50

Our preference: long positions above 1276.50 with targets at 1283.50 & 1286.50 in extension.

Alternative scenario: below 1276.50 look for further downside with 1273.50 & 1270.00 as targets.

Comment: the RSI is mixed to bullish.

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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