TC FX Analysis

Date:2019/3/04 AUD/USD Intraday: bullish bias above 0.7085.

EUR/USD Intraday: under pressure.
Pivot: 1.1395

Our preference: short positions below 1.1395 with targets at 1.1365 & 1.1350 in extension.

Alternative scenario: above 1.1395 look for further upside with 1.1410 & 1.1420 as targets.

Comment: as long as the resistance at 1.1395 is not surpassed, the risk of the break below 1.1365 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

 

GBP/USD Intraday: bullish bias above 1.3200.
Pivot: 1.3200

Our preference: long positions above 1.3200 with targets at 1.3285 & 1.3320 in extension.

Alternative scenario: below 1.3200 look for further downside with 1.3170 & 1.3140 as targets.

Comment: the RSI is mixed with a bullish bias.


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: bullish bias above 0.7085.
Pivot: 0.7085

Our preference: long positions above 0.7085 with targets at 0.7120 & 0.7145 in extension.

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

 

USD/JPY Intraday: further upside.
Pivot: 111.60

Our preference: long positions above 111.60 with targets at 112.25 & 112.50 in extension.

Alternative scenario: below 111.60 look for further downside with 111.30 & 111.05 as targets.

Comment: the RSI advocates 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

 

Gold spot Intraday: look for 1276.50.
Pivot: 1304.00

Our preference: short positions below 1304.00 with targets at 1286.00 & 1276.50 in extension.

Alternative scenario: above 1304.00 look for further upside with 1312.50 & 1317.00 as targets.

Comment: the RSI is bearish and calls for further downside.


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