TC FX Analysis

Date:2019/1/23 GBP/USD Intraday: target 1.3000.

EUR/USD Intraday: key resistance at 1.1375.
Pivot: 1.1375

Our preference: short positions below 1.1375 with targets at 1.1350 & 1.1335 in extension.

Alternative scenario: above 1.1375 look for further upside with 1.1390 & 1.1410 as targets.

Comment: as long as the resistance at 1.1375 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: target 1.3000.
Pivot: 1.2920

Our preference: long positions above 1.2920 with targets at 1.2975 & 1.3000 in extension.

Alternative scenario: below 1.2920 look for further downside with 1.2890 & 1.2855 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 downside prevails.
Pivot: 0.7140

Our preference: short positions below 0.7140 with targets at 0.7100 & 0.7085 in extension.

Alternative scenario: above 0.7140 look for further upside with 0.7160 & 0.7180 as targets.

Comment: as long as 0.7140 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

 

USD/JPY Intraday: under pressure.
Pivot: 109.50

Our preference: short positions below 109.50 with targets at 109.10 & 108.85 in extension.

Alternative scenario: above 109.50 look for further upside with 109.70 & 109.90 as targets.

Comment: as long as the resistance at 109.50 is not surpassed, the risk of the break below 109.10 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

 

Gold spot Intraday: rebound in sight.
Pivot: 1280.25

Our preference: long positions above 1280.25 with targets at 1286.50 & 1290.00 in extension.

Alternative scenario: below 1280.25 look for further downside with 1276.50 & 1274.00 as targets.

Comment: the RSI advocates 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

 

 

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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