TC FX Analysis

Date:2019/2/20 AUD/USD Intraday: further advance.

EUR/USD Intraday: the bias remains bullish.
Pivot: 1.1315

Our preference: long positions above 1.1315 with targets at 1.1360 & 1.1370 in extension.

Alternative scenario: below 1.1315 look for further downside with 1.1290 & 1.1275 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

 

GBP/USD Intraday: the upside prevails.
Pivot: 1.2990

Our preference: long positions above 1.2990 with targets at 1.3100 & 1.3155 in extension.

Alternative scenario: below 1.2990 look for further downside with 1.2940 & 1.2890 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

 

AUD/USD Intraday: further advance.
Pivot: 0.7145

Our preference: long positions above 0.7145 with targets at 0.7190 & 0.7210 in extension.

Alternative scenario: below 0.7145 look for further downside with 0.7125 & 0.7100 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

 

USD/JPY Intraday: bullish bias above 110.45.
Pivot: 110.45

Our preference: long positions above 110.45 with targets at 110.80 & 110.95 in extension.

Alternative scenario: below 110.45 look for further downside with 110.35 & 110.25 as targets.

Comment: a support base at 110.45 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

 

Gold spot Intraday: 1347.50 in sight.
Pivot: 1334.75

Our preference: long positions above 1334.75 with targets at 1342.00 & 1347.50 in extension.

Alternative scenario: below 1334.75 look for further downside with 1327.50 & 1322.50 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

 

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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