TC FX Analysis

Date:2019/3/21 GBP/USD Intraday: key resistance at 1.3220.

EUR/USD Intraday: the upside prevails.
Pivot: 1.1390

Our preference: long positions above 1.1390 with targets at 1.1450 & 1.1475 in extension.

Alternative scenario: below 1.1390 look for further downside with 1.1365 & 1.1340 as targets.

Comment: the RSI lacks downward 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

 

GBP/USD Intraday: key resistance at 1.3220.
Pivot: 1.3220

Our preference: short positions below 1.3220 with targets at 1.3170 & 1.3145 in extension.

Alternative scenario: above 1.3220 look for further upside with 1.3250 & 1.3285 as targets.

Comment: as long as the resistance at 1.3220 is not surpassed, the risk of the break below 1.3170 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: the upside prevails.
Pivot: 0.7100

Our preference: long positions above 0.7100 with targets at 0.7150 & 0.7165 in extension.

Alternative scenario: below 0.7100 look for further downside with 0.7080 & 0.7055 as targets.

Comment: the RSI lacks downward 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

 

USD/JPY Intraday: the downside prevails.
Pivot: 111.10

Our preference: short positions below 111.10 with targets at 110.35 & 110.00 in extension.

Alternative scenario: above 111.10 look for further upside with 111.35 & 111.60 as targets.

Comment: the break below 111.10 is a negative signal that has opened a path to 110.35.


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: further advance.
Pivot: 1309.50

Our preference: long positions above 1309.50 with targets at 1318.00 & 1324.00 in extension.

Alternative scenario: below 1309.50 look for further downside with 1304.00 & 1298.50 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

 

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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