TC FX Analysis

Date:2019/2/14 AUD/USD Intraday: watch 0.7050.

EUR/USD Intraday: the downside prevails.
Pivot: 1.1285

Our preference: short positions below 1.1285 with targets at 1.1245 & 1.1230 in extension.

Alternative scenario: above 1.1285 look for further upside with 1.1300 & 1.1320 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: the downside prevails.
Pivot: 1.2885

Our preference: short positions below 1.2885 with targets at 1.2830 & 1.2795 in extension.

Alternative scenario: above 1.2885 look for further upside with 1.2905 & 1.2925 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: watch 0.7050.
Pivot: 0.7110

Our preference: short positions below 0.7110 with targets at 0.7070 & 0.7050 in extension.

Alternative scenario: above 0.7110 look for further upside with 0.7135 & 0.7150 as targets.

Comment: the RSI advocates 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: further advance.
Pivot: 110.75

Our preference: long positions above 110.75 with targets at 111.05 & 111.25 in extension.

Alternative scenario: below 110.75 look for further downside with 110.55 & 110.35 as targets.

Comment: the RSI is bullish and calls 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: choppy.
Pivot: 1312.50

Our preference: short positions below 1312.50 with targets at 1303.50 & 1300.00 in extension.

Alternative scenario: above 1312.50 look for further upside with 1315.50 & 1318.00 as targets.

Comment: as long as 1312.50 is resistance, look for choppy price action with a bearish 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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