TC FX Analysis

Date:2019/2/26 AUD/USD Intraday: the upside prevails.

EUR/USD Intraday: further upside.
Pivot: 1.1340

Our preference: long positions above 1.1340 with targets at 1.1385 & 1.1400 in extension.

Alternative scenario: below 1.1340 look for further downside with 1.1325 & 1.1310 as targets.

Comment: the RSI calls for a new upleg.


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: further advance.
Pivot: 1.3075

Our preference: long positions above 1.3075 with targets at 1.3160 & 1.3200 in extension.

Alternative scenario: below 1.3075 look for further downside with 1.3045 & 1.3015 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

 

AUD/USD Intraday: the upside prevails.
Pivot: 0.7155

Our preference: long positions above 0.7155 with targets at 0.7185 & 0.7205 in extension.

Alternative scenario: below 0.7155 look for further downside with 0.7140 & 0.7125 as targets.

Comment: the RSI calls for a new upleg.


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 upside prevails.
Pivot: 110.85

Our preference: long positions above 110.85 with targets at 111.25 & 111.40 in extension.

Alternative scenario: below 110.85 look for further downside with 110.70 & 110.55 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

 

Gold spot Intraday: towards 1317.00.
Pivot: 1333.00

Our preference: short positions below 1333.00 with targets at 1321.00 & 1317.00 in extension.

Alternative scenario: above 1333.00 look for further upside with 1336.00 & 1340.00 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

 

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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