TC FX Analysis

Date:2019/2/15 GBP/USD Intraday: under pressure.

EUR/USD Intraday: watch 1.1340.
Pivot: 1.1270

Our preference: long positions above 1.1270 with targets at 1.1320 & 1.1340 in extension.

Alternative scenario: below 1.1270 look for further downside with 1.1245 & 1.1230 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

 

GBP/USD Intraday: under pressure.
Pivot: 1.2840

Our preference: short positions below 1.2840 with targets at 1.2770 & 1.2740 in extension.

Alternative scenario: above 1.2840 look for further upside with 1.2870 & 1.2905 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: 0.7120

Our preference: short positions below 0.7120 with targets at 0.7080 & 0.7065 in extension.

Alternative scenario: above 0.7120 look for further upside with 0.7135 & 0.7150 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

 

USD/JPY Intraday: the downside prevails.
Pivot: 110.65

Our preference: short positions below 110.65 with targets at 110.30 & 110.10 in extension.

Alternative scenario: above 110.65 look for further upside with 110.80 & 110.95 as targets.

Comment: a break below 110.30 would trigger a drop towards 110.10.


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: rebound expected.
Pivot: 1308.00

Our preference: long positions above 1308.00 with targets at 1315.50 & 1318.00 in extension.

Alternative scenario: below 1308.00 look for further downside with 1305.00 & 1302.00 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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