TC FX Analysis

Date:2019/1/31 USD/JPY Intraday: the downside prevails.

EUR/USD Intraday: watch 1.1535.
Pivot: 1.1445

Our preference: long positions above 1.1445 with targets at 1.1510 & 1.1535 in extension.

Alternative scenario: below 1.1445 look for further downside with 1.1410 & 1.1390 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

 

GBP/USD Intraday: the upside prevails.
Pivot: 1.3055

Our preference: long positions above 1.3055 with targets at 1.3170 & 1.3200 in extension.

Alternative scenario: below 1.3055 look for further downside with 1.3015 & 1.2970 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

 

AUD/USD Intraday: further advance.
Pivot: 0.7205

Our preference: long positions above 0.7205 with targets at 0.7300 & 0.7325 in extension.

Alternative scenario: below 0.7205 look for further downside with 0.7175 & 0.7140 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

 

USD/JPY Intraday: the downside prevails.
Pivot: 109.20

Our preference: short positions below 109.20 with targets at 108.75 & 108.50 in extension.

Alternative scenario: above 109.20 look for further upside with 109.55 & 109.75 as targets.

Comment: the RSI has broken down its 30 level.

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 upside prevails.
Pivot: 1312.00

Our preference: long positions above 1312.00 with targets at 1323.50 & 1333.00 in extension.

Alternative scenario: below 1312.00 look for further downside with 1309.00 & 1305.50 as targets.

Comment: the RSI shows upside 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

 

 

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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