TC FX Analysis

Date:2019/3/14 AUD/USD Intraday: the upside prevails.

EUR/USD Intraday: further upside.
Pivot: 1.1300

Our preference: long positions above 1.1300 with targets at 1.1350 & 1.1380 in extension.

Alternative scenario: below 1.1300 look for further downside with 1.1275 & 1.1250 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

 

GBP/USD Intraday: the bias remains bullish.
Pivot: 1.3250

Our preference: long positions above 1.3250 with targets at 1.3340 & 1.3380 in extension.

Alternative scenario: below 1.3250 look for further downside with 1.3200 & 1.3145 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

 

AUD/USD Intraday: the upside prevails.
Pivot: 0.7075

Our preference: long positions above 0.7075 with targets at 0.7100 & 0.7120 in extension.

Alternative scenario: below 0.7075 look for further downside with 0.7060 & 0.7045 as targets.

Comment: the break above 0.7075 is a positive signal that has opened a path to 0.7100.


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 110.85.
Pivot: 111.45

Our preference: short positions below 111.45 with targets at 111.00 & 110.85 in extension.

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

Comment: a break below 111.00 would trigger a drop towards 110.85.


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: the upside prevails.
Pivot: 1306.00

Our preference: long positions above 1306.00 with targets at 1311.50 & 1315.00 in extension.

Alternative scenario: below 1306.00 look for further downside with 1303.50 & 1300.50 as targets.

Comment: the RSI calls for a new upleg.


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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