TC FX Analysis

Date:2019/1/25 USD/JPY Intraday: key resistance at 109.80.

EUR/USD Intraday: key resistance at 1.1335.
Pivot: 1.1335

Our preference: short positions below 1.1335 with targets at 1.1290 & 1.1270 in extension.

Alternative scenario: above 1.1335 look for further upside with 1.1355 & 1.1380 as targets.

Comment: as long as the resistance at 1.1335 is not surpassed, the risk of the break below 1.1290 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: further advance.
Pivot: 1.3055

Our preference: long positions above 1.3055 with targets at 1.3150 & 1.3190 in extension.

Alternative scenario: below 1.3055 look for further downside with 1.3015 & 1.2975 as targets.

Comment: the RSI advocates 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: watch 0.7045.
Pivot: 0.7115

Our preference: short positions below 0.7115 with targets at 0.7075 & 0.7045 in extension.

Alternative scenario: above 0.7115 look for further upside with 0.7145 & 0.7165 as targets.

Comment: a break below 0.7075 would trigger a drop towards 0.7045.

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: key resistance at 109.80.
Pivot: 109.80

Our preference: short positions below 109.80 with targets at 109.40 & 109.25 in extension.

Alternative scenario: above 109.80 look for further upside with 110.00 & 110.25 as targets.

Comment: the index currently faces a challenging resistance area at 109.80.

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: 1277.25

Our preference: long positions above 1277.25 with targets at 1284.00 & 1286.50 in extension.

Alternative scenario: below 1277.25 look for further downside with 1274.00 & 1270.50 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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