TC FX Analysis

Date:2019/2/28 Gold spot Intraday: target 1314.00.

EUR/USD Intraday: supported by a rising trend line.
Pivot: 1.1360

Our preference: long positions above 1.1360 with targets at 1.1400 & 1.1415 in extension.

Alternative scenario: below 1.1360 look for further downside with 1.1345 & 1.1325 as targets.

Comment: the RSI is above its neutrality area at 50%.


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: 1.3285

Our preference: long positions above 1.3285 with targets at 1.3350 & 1.3375 in extension.

Alternative scenario: below 1.3285 look for further downside with 1.3260 & 1.3230 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

 

AUD/USD Intraday: the downside prevails.
Pivot: 0.7160

Our preference: short positions below 0.7160 with targets at 0.7125 & 0.7100 in extension.

Alternative scenario: above 0.7160 look for further upside with 0.7180 & 0.7200 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: bullish bias above 110.70.
Pivot: 110.70

Our preference: long positions above 110.70 with targets at 111.05 & 111.20 in extension.

Alternative scenario: below 110.70 look for further downside with 110.50 & 110.30 as targets.

Comment: the RSI is above its neutrality area at 50%.


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: target 1314.00.
Pivot: 1324.50

Our preference: short positions below 1324.50 with targets at 1316.50 & 1314.00 in extension.

Alternative scenario: above 1324.50 look for further upside with 1329.00 & 1333.00 as targets.

Comment: as long as the resistance at 1324.50 is not surpassed, the risk of the break below 1316.50 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

 

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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