TC FX Analysis

Date:2019/3/19 USD/JPY Intraday: key resistance at 111.45.

EUR/USD Intraday: under pressure.
Pivot: 1.1345

Our preference: short positions below 1.1345 with targets at 1.1325 & 1.1315 in extension.

Alternative scenario: above 1.1345 look for further upside with 1.1360 & 1.1380 as targets.

Comment: as long as the resistance at 1.1345 is not surpassed, the risk of the break below 1.1325 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

 

GBP/USD Intraday: key resistance at 1.3275.
Pivot: 1.3275

Our preference: short positions below 1.3275 with targets at 1.3210 & 1.3180 in extension.

Alternative scenario: above 1.3275 look for further upside with 1.3300 & 1.3330 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1.3275.


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: under pressure.
Pivot: 0.7105

Our preference: short positions below 0.7105 with targets at 0.7085 & 0.7075 in extension.

Alternative scenario: above 0.7105 look for further upside with 0.7120 & 0.7130 as targets.

Comment: the upward potential is likely to be limited by the resistance at 0.7105.


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 111.45.
Pivot: 111.45

Our preference: short positions below 111.45 with targets at 111.25 & 111.10 in extension.

Alternative scenario: above 111.45 look for further upside with 111.60 & 111.75 as targets.

Comment: the index currently faces a challenging resistance area at 111.45.


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: bullish bias above 1300.50.
Pivot: 1300.50

Our preference: long positions above 1300.50 with targets at 1306.50 & 1309.00 in extension.

Alternative scenario: below 1300.50 look for further downside with 1297.00 & 1294.00 as targets.

Comment: a support base at 1300.50 has formed and has allowed for a temporary stabilisation.


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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