TC FX Analysis

Date:2019/3/11 GBP/USD Intraday: key resistance at 1.3035.

EUR/USD Intraday: the upside prevails.
Pivot: 1.1220

Our preference: long positions above 1.1220 with targets at 1.1245 & 1.1265 in extension.

Alternative scenario: below 1.1220 look for further downside with 1.1200 & 1.1175 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

 

GBP/USD Intraday: key resistance at 1.3035.
Pivot: 1.3035

Our preference: short positions below 1.3035 with targets at 1.2945 & 1.2900 in extension.

Alternative scenario: above 1.3035 look for further upside with 1.3070 & 1.3105 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

 

AUD/USD Intraday: the bias remains bullish.
Pivot: 0.7025

Our preference: long positions above 0.7025 with targets at 0.7050 & 0.7065 in extension.

Alternative scenario: below 0.7025 look for further downside with 0.7000 & 0.6980 as targets.

Comment: a support base at 0.7025 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

 

USD/JPY Intraday: under pressure.
Pivot: 111.25

Our preference: short positions below 111.25 with targets at 110.95 & 110.75 in extension.

Alternative scenario: above 111.25 look for further upside with 111.45 & 111.65 as targets.

Comment: as long as the resistance at 111.25 is not surpassed, the risk of the break below 110.95 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: bullish bias above 1292.00.
Pivot: 1292.00

Our preference: long positions above 1292.00 with targets at 1300.50 & 1304.00 in extension.

Alternative scenario: below 1292.00 look for further downside with 1289.00 & 1284.50 as targets.

Comment: the RSI is mixed to bullish.


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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