TC FX Analysis

Date:2019/2/22 Gold spot Intraday: under pressure.

EUR/USD Intraday: watch 1.1300.
Pivot: 1.1370

Our preference: short positions below 1.1370 with targets at 1.1320 & 1.1300 in extension.

Alternative scenario: above 1.1370 look for further upside with 1.1390 & 1.1410 as targets.

Comment: a break below 1.1320 would trigger a drop towards 1.1300.


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: 1.3065

Our preference: short positions below 1.3065 with targets at 1.3015 & 1.2980 in extension.

Alternative scenario: above 1.3065 look for further upside with 1.3095 & 1.3135 as targets.

Comment: the RSI lacks upward momentum.


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: rebound.
Pivot: 0.7085

Our preference: long positions above 0.7085 with targets at 0.7120 & 0.7140 in extension.

Alternative scenario: below 0.7085 look for further downside with 0.7065 & 0.7050 as targets.

Comment: the RSI has just landed on its neutrality area at 50% and is turning up.


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: under pressure.
Pivot: 110.85

Our preference: short positions below 110.85 with targets at 110.55 & 110.45 in extension.

Alternative scenario: above 110.85 look for further upside with 110.95 & 111.10 as targets.

Comment: as long as the resistance at 110.85 is not surpassed, the risk of the break below 110.55 remains high.


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: under pressure.
Pivot: 1332.00

Our preference: short positions below 1332.00 with targets at 1321.00 & 1314.00 in extension.

Alternative scenario: above 1332.00 look for further upside with 1336.50 & 1341.00 as targets.

Comment: the RSI is mixed to bearish.


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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