TC FX Analysis

Date:2019/3/07 USD/JPY Intraday: watch 111.45.

EUR/USD Intraday: the upside prevails.
Pivot: 1.1290

Our preference: long positions above 1.1290 with targets at 1.1325 & 1.1345 in extension.

Alternative scenario: below 1.1290 look for further downside with 1.1265 & 1.1245 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

 

GBP/USD Intraday: further upside.
Pivot: 1.3130

Our preference: long positions above 1.3130 with targets at 1.3200 & 1.3225 in extension.

Alternative scenario: below 1.3130 look for further downside with 1.3095 & 1.3050 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

 

AUD/USD Intraday: 0.7000 expected.
Pivot: 0.7045

Our preference: short positions below 0.7045 with targets at 0.7015 & 0.7000 in extension.

Alternative scenario: above 0.7045 look for further upside with 0.7065 & 0.7090 as targets.

Comment: a break below 0.7015 would trigger a drop towards 0.7000.


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: watch 111.45.
Pivot: 111.80

Our preference: short positions below 111.80 with targets at 111.60 & 111.45 in extension.

Alternative scenario: above 111.80 look for further upside with 111.90 & 112.00 as targets.

Comment: the RSI advocates 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

 

Gold spot Intraday: consolidation in place.
Pivot: 1291.00

Our preference: short positions below 1291.00 with targets at 1283.50 & 1281.00 in extension.

Alternative scenario: above 1291.00 look for further upside with 1294.50 & 1297.00 as targets.

Comment: as long as 1291.00 is resistance, look for choppy price action with a bearish 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

 

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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