TC FX Analysis

Date:2019/3/06 Gold spot Intraday: caution.

EUR/USD Intraday: under pressure.
Pivot: 1.1320

Our preference: short positions below 1.1320 with targets at 1.1285 & 1.1265 in extension.

Alternative scenario: above 1.1320 look for further upside with 1.1345 & 1.1370 as targets.

Comment: as long as the resistance at 1.1320 is not surpassed, the risk of the break below 1.1285 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: key resistance at 1.3190.
Pivot: 1.3190

Our preference: short positions below 1.3190 with targets at 1.3140 & 1.3095 in extension.

Alternative scenario: above 1.3190 look for further upside with 1.3225 & 1.3255 as targets.

Comment: the index currently faces a challenging resistance area at 1.3190.


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 expected.
Pivot: 0.7065

Our preference: long positions above 0.7065 with targets at 0.7095 & 0.7120 in extension.

Alternative scenario: below 0.7065 look for further downside with 0.7050 & 0.7035 as targets.

Comment: the RSI is bullish and calls 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

 

USD/JPY Intraday: 112.15 expected.
Pivot: 111.75

Our preference: long positions above 111.75 with targets at 112.00 & 112.15 in extension.

Alternative scenario: below 111.75 look for further downside with 111.60 & 111.30 as targets.

Comment: a support base at 111.75 has formed and has allowed for a temporary stabilisation.


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: caution.
Pivot: 1290.00

Our preference: short positions below 1290.00 with targets at 1282.75 & 1280.00 in extension.

Alternative scenario: above 1290.00 look for further upside with 1294.50 & 1297.00 as targets.

Comment: the RSI is mixed and calls for caution.


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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