TC FX Analysis

Date:2019/3/18 Gold spot Intraday: towards 1294.00.

EUR/USD Intraday: the bias remains bullish.
Pivot: 1.1300

Our preference: long positions above 1.1300 with targets at 1.1345 & 1.1360 in extension.

Alternative scenario: below 1.1300 look for further downside with 1.1275 & 1.1250 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 upside prevails.
Pivot: 1.3235

Our preference: long positions above 1.3235 with targets at 1.3330 & 1.3380 in extension.

Alternative scenario: below 1.3235 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: bullish bias above 0.7070.
Pivot: 0.7070

Our preference: long positions above 0.7070 with targets at 0.7100 & 0.7115 in extension.

Alternative scenario: below 0.7070 look for further downside with 0.7055 & 0.7040 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

 

USD/JPY Intraday: key resistance at 111.60.
Pivot: 111.60

Our preference: short positions below 111.60 with targets at 111.35 & 111.25 in extension.

Alternative scenario: above 111.60 look for further upside with 111.75 & 111.90 as targets.

Comment: as long as the resistance at 111.60 is not surpassed, the risk of the break below 111.35 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: towards 1294.00.
Pivot: 1305.50

Our preference: short positions below 1305.50 with targets at 1298.00 & 1294.00 in extension.

Alternative scenario: above 1305.50 look for further upside with 1308.00 & 1311.00 as targets.

Comment: the RSI calls for a drop.


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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