TC FX Analysis

Date:2019/1/30 Gold spot Intraday: further advance.

EUR/USD Intraday: bullish bias above 1.1415.
Pivot: 1.1415

Our preference: long positions above 1.1415 with targets at 1.1450 & 1.1480 in extension.

Alternative scenario: below 1.1415 look for further downside with 1.1390 & 1.1370 as targets.

Comment: a support base at 1.1415 has formed and has allowed for a temporary stabilisation.


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: watch 1.3015.
Pivot: 1.3120

Our preference: short positions below 1.3120 with targets at 1.3055 & 1.3015 in extension.

Alternative scenario: above 1.3120 look for further upside with 1.3170 & 1.3200 as targets.

Comment: the RSI shows downside 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: rebound expected.
Pivot: 0.7140

Our preference: long positions above 0.7140 with targets at 0.7175 & 0.7190 in extension.

Alternative scenario: below 0.7140 look for further downside with 0.7120 & 0.7095 as targets.

Comment: the RSI has just landed on its neutrality area at 50% and is turning up.


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: 109.25

Our preference: long positions above 109.25 with targets at 109.55 & 109.70 in extension.

Alternative scenario: below 109.25 look for further downside with 109.10 & 108.90 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: further advance.
Pivot: 1305.50

Our preference: long positions above 1305.50 with targets at 1315.50 & 1319.00 in extension.

Alternative scenario: below 1305.50 look for further downside with 1302.00 & 1297.50 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.

 

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