TC FX Analysis

Date:2019/3/01 USD/JPY Intraday: further advance.

EUR/USD Intraday: the downside prevails.
Pivot: 1.1395

Our preference: short positions below 1.1395 with targets at 1.1355 & 1.1335 in extension.

Alternative scenario: above 1.1395 look for further upside with 1.1420 & 1.1440 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

 

GBP/USD Intraday: under pressure.
Pivot: 1.3290

Our preference: short positions below 1.3290 with targets at 1.3230 & 1.3190 in extension.

Alternative scenario: above 1.3290 look for further upside with 1.3320 & 1.3350 as targets.

Comment: the break below 1.3290 is a negative signal that has opened a path to 1.3230.


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: watch 0.7065.
Pivot: 0.7125

Our preference: short positions below 0.7125 with targets at 0.7085 & 0.7065 in extension.

Alternative scenario: above 0.7125 look for further upside with 0.7150 & 0.7170 as targets.

Comment: a break below 0.7085 would trigger a drop towards 0.7065.


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: further advance.
Pivot: 111.05

Our preference: long positions above 111.05 with targets at 111.65 & 111.90 in extension.

Alternative scenario: below 111.05 look for further downside with 110.70 & 110.30 as targets.

Comment: technically 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: the downside prevails.
Pivot: 1320.00

Our preference: short positions below 1320.00 with targets at 1310.00 & 1305.00 in extension.

Alternative scenario: above 1320.00 look for further upside with 1324.00 & 1327.50 as targets.

Comment: the RSI shows downside 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.

Revisit Appointment

  • Our service time is 09:00-22:00,
    Monday to Friday (GMT+8)

User experience score