TC FX Analysis

Date:2019/1/24 Gold spot Intraday: the bias remains bullish.

EUR/USD Intraday: the upside prevails.
Pivot: 1.1370

Our preference: long positions above 1.1370 with targets at 1.1395 & 1.1410 in extension.

Alternative scenario: below 1.1370 look for further downside with 1.1350 & 1.1335 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

 

GBP/USD Intraday: target 1.3150.
Pivot: 1.3040

Our preference: long positions above 1.3040 with targets at 1.3120 & 1.3150 in extension.

Alternative scenario: below 1.3040 look for further downside with 1.3015 & 1.2975 as targets.

Comment: the RSI is bullish and calls for further advance.

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: further upside.
Pivot: 0.7130

Our preference: long positions above 0.7130 with targets at 0.7160 & 0.7175 in extension.

Alternative scenario: below 0.7130 look for further downside with 0.7115 & 0.7100 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

 

USD/JPY Intraday: under pressure.
Pivot: 109.75

Our preference: short positions below 109.75 with targets at 109.35 & 109.10 in extension.

Alternative scenario: above 109.75 look for further upside with 110.00 & 110.25 as targets.

Comment: a break below 109.35 would trigger a drop towards 109.10.

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: the bias remains bullish.
Pivot: 1279.75

Our preference: long positions above 1279.75 with targets at 1286.50 & 1290.00 in extension.

Alternative scenario: below 1279.75 look for further downside with 1276.50 & 1274.00 as targets.

Comment: the RSI is mixed with a bullish 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.

Revisit Appointment

  • Our service time is 09:00-22:00,
    Monday to Friday (GMT+8)

User experience score