TC FX Analysis

Date:2019/2/01 AUD/USD Intraday: caution.

EUR/USD Intraday: the downside prevails.
Pivot: 1.1475

Our preference: short positions below 1.1475 with targets at 1.1430 & 1.1410 in extension.

Alternative scenario: above 1.1475 look for further upside with 1.1495 & 1.1515 as targets.

Comment: a break below 1.1430 would trigger a drop towards 1.1410.


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: caution.
Pivot: 1.3095

Our preference: long positions above 1.3095 with targets at 1.3135 & 1.3160 in extension.

Alternative scenario: below 1.3095 look for further downside with 1.3055 & 1.3015 as targets.

Comment: intraday technical indicators are mixed and call for caution.


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: caution.
Pivot: 0.7255

Our preference: long positions above 0.7255 with targets at 0.7300 & 0.7325 in extension.

Alternative scenario: below 0.7255 look for further downside with 0.7235 & 0.7205 as targets.

Comment: intraday technical indicators are mixed and call for caution.


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: continuation of the rebound.
Pivot: 108.65

Our preference: long positions above 108.65 with targets at 109.05 & 109.20 in extension.

Alternative scenario: below 108.65 look for further downside with 108.50 & 108.30 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

 

Gold spot Intraday: bullish bias above 1317.00.
Pivot: 1317.00

Our preference: long positions above 1317.00 with targets at 1328.00 & 1333.00 in extension.

Alternative scenario: below 1317.00 look for further downside with 1312.00 & 1309.00 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

 

 

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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