TC FX Analysis

Date:2019/3/12 Gold spot Intraday: under pressure.

EUR/USD Intraday: the upside prevails.
Pivot: 1.1235

Our preference: long positions above 1.1235 with targets at 1.1275 & 1.1290 in extension.

Alternative scenario: below 1.1235 look for further downside with 1.1220 & 1.1200 as targets.

Comment: the break above 1.1235 is a positive signal that has opened a path to 1.1275.


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: 1.3185

Our preference: long positions above 1.3185 with targets at 1.3290 & 1.3340 in extension.

Alternative scenario: below 1.3185 look for further downside with 1.3125 & 1.3065 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

 

AUD/USD Intraday: target 0.7100.
Pivot: 0.7050

Our preference: long positions above 0.7050 with targets at 0.7090 & 0.7100 in extension.

Alternative scenario: below 0.7050 look for further downside with 0.7035 & 0.7025 as targets.

Comment: the RSI is bullish and calls for further advance.


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: continuation of the rebound.
Pivot: 111.15

Our preference: long positions above 111.15 with targets at 111.45 & 111.65 in extension.

Alternative scenario: below 111.15 look for further downside with 111.00 & 110.85 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: under pressure.
Pivot: 1297.00

Our preference: short positions below 1297.00 with targets at 1289.00 & 1284.50 in extension.

Alternative scenario: above 1297.00 look for further upside with 1300.50 & 1304.00 as targets.

Comment: the RSI has just struck against its neutrality area at 50% and is reversing down.


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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