TC FX Analysis

Date:2019/2/11 GBP/USD Intraday: watch 1.2875.

EUR/USD Intraday: the downside prevails.
Pivot: 1.1345

Our preference: short positions below 1.1345 with targets at 1.1300 & 1.1280 in extension.

Alternative scenario: above 1.1345 look for further upside with 1.1360 & 1.1375 as targets.

Comment: the RSI calls for a drop.


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 1.2875.
Pivot: 1.2975

Our preference: short positions below 1.2975 with targets at 1.2900 & 1.2875 in extension.

Alternative scenario: above 1.2975 look for further upside with 1.2995 & 1.3015 as targets.

Comment: the RSI calls for a drop.


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.
Pivot: 0.7075

Our preference: long positions above 0.7075 with targets at 0.7120 & 0.7140 in extension.

Alternative scenario: below 0.7075 look for further downside with 0.7055 & 0.7030 as targets.

Comment: the RSI calls for a bounce.


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 109.90.
Pivot: 109.90

Our preference: short positions below 109.90 with targets at 109.60 & 109.40 in extension.

Alternative scenario: above 109.90 look for further upside with 110.10 & 110.30 as targets.

Comment: a break below 109.60 would trigger a drop towards 109.40.


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: 1311.00

Our preference: long positions above 1311.00 with targets at 1317.00 & 1319.00 in extension.

Alternative scenario: below 1311.00 look for further downside with 1308.00 & 1305.00 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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