TC FX Analysis

Date:2019/3/13 USD/JPY Intraday: under pressure.

EUR/USD Intraday: the bias remains bullish.
Pivot: 1.1265

Our preference: long positions above 1.1265 with targets at 1.1305 & 1.1320 in extension.

Alternative scenario: below 1.1265 look for further downside with 1.1245 & 1.1220 as targets.

Comment: even though a continuation of the consolidation 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: 1.3150

Our preference: short positions below 1.3150 with targets at 1.3000 & 1.2950 in extension.

Alternative scenario: above 1.3150 look for further upside with 1.3200 & 1.3245 as targets.

Comment: the RSI lacks upward momentum.


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: turning down.
Pivot: 0.7080

Our preference: short positions below 0.7080 with targets at 0.7050 & 0.7035 in extension.

Alternative scenario: above 0.7080 look for further upside with 0.7090 & 0.7100 as targets.

Comment: the RSI is bearish and calls 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

 

USD/JPY Intraday: under pressure.
Pivot: 111.45

Our preference: short positions below 111.45 with targets at 111.10 & 110.95 in extension.

Alternative scenario: above 111.45 look for further upside with 111.65 & 111.80 as targets.

Comment: as long as 111.45 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

 

Gold spot Intraday: expect 1308.00.
Pivot: 1297.00

Our preference: long positions above 1297.00 with targets at 1304.00 & 1308.00 in extension.

Alternative scenario: below 1297.00 look for further downside with 1294.00 & 1290.50 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

 

 

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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