TC FX Analysis

Date:2019/3/15 GBP/USD Intraday: key resistance at 1.3290.

EUR/USD Intraday: the downside prevails.
Pivot: 1.1315

Our preference: short positions below 1.1315 with targets at 1.1290 & 1.1275 in extension.

Alternative scenario: above 1.1315 look for further upside with 1.1340 & 1.1360 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1.1315.


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 1.3290.
Pivot: 1.3290

Our preference: short positions below 1.3290 with targets at 1.3210 & 1.3170 in extension.

Alternative scenario: above 1.3290 look for further upside with 1.3335 & 1.3380 as targets.

Comment: as long as the resistance at 1.3290 is not surpassed, the risk of the break below 1.3210 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

 

AUD/USD Intraday: key resistance at 0.7080.
Pivot: 0.7080

Our preference: short positions below 0.7080 with targets at 0.7055 & 0.7040 in extension.

Alternative scenario: above 0.7080 look for further upside with 0.7100 & 0.7120 as targets.

Comment: as long as the resistance at 0.7080 is not surpassed, the risk of the break below 0.7055 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

 

USD/JPY Intraday: the upside prevails.
Pivot: 111.50

Our preference: long positions above 111.50 with targets at 111.85 & 112.00 in extension.

Alternative scenario: below 111.50 look for further downside with 111.30 & 111.10 as targets.

Comment: the break above 111.50 is a positive signal that has opened a path to 111.85.


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 downside prevails.
Pivot: 1300.00

Our preference: short positions below 1300.00 with targets at 1293.00 & 1290.00 in extension.

Alternative scenario: above 1300.00 look for further upside with 1303.00 & 1306.00 as targets.

Comment: the RSI calls for a new downleg.


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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