TC FX Analysis

Date:2019/2/18 Gold spot Intraday: further upside.

EUR/USD Intraday: the upside prevails.
Pivot: 1.1280

Our preference: long positions above 1.1280 with targets at 1.1310 & 1.1325 in extension.

Alternative scenario: below 1.1280 look for further downside with 1.1260 & 1.1245 as targets.

Comment: a support base at 1.1280 has formed and has allowed for a temporary stabilisation.


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: bullish bias above 1.2870.
Pivot: 1.2870

Our preference: long positions above 1.2870 with targets at 1.2935 & 1.2960 in extension.

Alternative scenario: below 1.2870 look for further downside with 1.2840 & 1.2810 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.


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: further upside.
Pivot: 0.7125

Our preference: long positions above 0.7125 with targets at 0.7175 & 0.7195 in extension.

Alternative scenario: below 0.7125 look for further downside with 0.7105 & 0.7080 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

 

USD/JPY Intraday: rebound.
Pivot: 110.35

Our preference: long positions above 110.35 with targets at 110.80 & 110.95 in extension.

Alternative scenario: below 110.35 look for further downside with 110.20 & 110.00 as targets.

Comment: the RSI calls for a rebound.


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: further upside.
Pivot: 1316.00

Our preference: long positions above 1316.00 with targets at 1323.50 & 1330.00 in extension.

Alternative scenario: below 1316.00 look for further downside with 1314.00 & 1311.00 as targets.

Comment: the RSI is bullish and calls 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

 

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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