TC FX Analysis

Date:2019/1/28 AUD/USD Intraday: further advance.

EUR/USD Intraday: further upside.
Pivot: 1.1380

Our preference: long positions above 1.1380 with targets at 1.1435 & 1.1455 in extension.

Alternative scenario: below 1.1380 look for further downside with 1.1350 & 1.1325 as targets.

Comment: the break above 1.1380 is a positive signal that has opened a path to 1.1435.

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 1.3300.
Pivot: 1.3130

Our preference: long positions above 1.3130 with targets at 1.3260 & 1.3300 in extension.

Alternative scenario: below 1.3130 look for further downside with 1.3080 & 1.3010 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: further advance.
Pivot: 0.7150

Our preference: long positions above 0.7150 with targets at 0.7195 & 0.7215 in extension.

Alternative scenario: below 0.7150 look for further downside with 0.7130 & 0.7115 as targets.

Comment: the break above 0.7150 is a positive signal that has opened a path to 0.7195.

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 downside prevails.
Pivot: 109.70

Our preference: short positions below 109.70 with targets at 109.10 & 108.85 in extension.

Alternative scenario: above 109.70 look for further upside with 109.95 & 110.25 as targets.

Comment: the break below 109.70 is a negative signal that has opened a path to 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: bullish bias above 1296.50.
Pivot: 1296.50

Our preference: long positions above 1296.50 with targets at 1304.00 & 1307.00 in extension.

Alternative scenario: below 1296.50 look for further downside with 1293.50 & 1290.00 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

 

 

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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