TC FX Analysis

Date:2019/2/12 Gold spot Intraday: turning down.

EUR/USD Intraday: under pressure.
Pivot: 1.1305

Our preference: short positions below 1.1305 with targets at 1.1240 & 1.1215 in extension.

Alternative scenario: above 1.1305 look for further upside with 1.1325 & 1.1350 as targets.

Comment: the RSI is bearish and calls for further downside.


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: under pressure.
Pivot: 1.2895

Our preference: short positions below 1.2895 with targets at 1.2830 & 1.2805 in extension.

Alternative scenario: above 1.2895 look for further upside with 1.2925 & 1.2955 as targets.

Comment: the RSI calls for a new downleg.


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: the downside prevails.
Pivot: 0.7085

Our preference: short positions below 0.7085 with targets at 0.7040 & 0.7025 in extension.

Alternative scenario: above 0.7085 look for further upside with 0.7105 & 0.7120 as targets.

Comment: the RSI is bearish and calls for further downside.


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 upside prevails.
Pivot: 110.10

Our preference: long positions above 110.10 with targets at 110.70 & 110.95 in extension.

Alternative scenario: below 110.10 look for further downside with 109.90 & 109.60 as targets.

Comment: the RSI advocates 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

 

Gold spot Intraday: turning down.
Pivot: 1310.50

Our preference: short positions below 1310.50 with targets at 1302.50 & 1298.50 in extension.

Alternative scenario: above 1310.50 look for further upside with 1312.50 & 1315.50 as targets.

Comment: the RSI has just struck against its neutrality area at 50% and is reversing down.


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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