TC FX Analysis

Date:2019/3/08 AUD/USD Intraday: choppy.

EUR/USD Intraday: watch 1.1130.
Pivot: 1.1245

Our preference: short positions below 1.1245 with targets at 1.1175 & 1.1130 in extension.

Alternative scenario: above 1.1245 look for further upside with 1.1290 & 1.1325 as targets.

Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.


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 downside prevails.
Pivot: 1.3130

Our preference: short positions below 1.3130 with targets at 1.3050 & 1.3010 in extension.

Alternative scenario: above 1.3130 look for further upside with 1.3160 & 1.3185 as targets.

Comment: the break below 1.3130 is a negative signal that has opened a path to 1.3050.


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: choppy.
Pivot: 0.7035

Our preference: short positions below 0.7035 with targets at 0.7000 & 0.6985 in extension.

Alternative scenario: above 0.7035 look for further upside with 0.7050 & 0.7065 as targets.

Comment: the upward potential is likely to be limited by the resistance at 0.7035.


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: key resistance at 111.75.
Pivot: 111.75

Our preference: short positions below 111.75 with targets at 111.45 & 111.30 in extension.

Alternative scenario: above 111.75 look for further upside with 111.85 & 112.00 as targets.

Comment: as long as the resistance at 111.75 is not surpassed, the risk of the break below 111.45 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

 

Gold spot Intraday: range.
Pivot: 1291.00

Our preference: short positions below 1291.00 with targets at 1280.50 & 1276.00 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, expect a return to 1280.50.


Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

 

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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