TC FX Analysis

Date:2019/3/22 Gold spot Intraday: key resistance at 1314.00.

EUR/USD Intraday: key resistance at 1.1390.
Pivot: 1.1390

Our preference: short positions below 1.1390 with targets at 1.1345 & 1.1325 in extension.

Alternative scenario: above 1.1390 look for further upside with 1.1410 & 1.1430 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1.1390.


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 1.3145.
Pivot: 1.3145

Our preference: short positions below 1.3145 with targets at 1.3075 & 1.3040 in extension.

Alternative scenario: above 1.3145 look for further upside with 1.3185 & 1.3225 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1.3145.


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 0.7130.
Pivot: 0.7130

Our preference: short positions below 0.7130 with targets at 0.7090 & 0.7075 in extension.

Alternative scenario: above 0.7130 look for further upside with 0.7150 & 0.7170 as targets.

Comment: even though a continuation of the technical rebound 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: bullish bias above 110.55.
Pivot: 110.55

Our preference: long positions above 110.55 with targets at 110.95 & 111.15 in extension.

Alternative scenario: below 110.55 look for further downside with 110.30 & 110.00 as targets.

Comment: the RSI is mixed to bullish.


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: key resistance at 1314.00.
Pivot: 1314.00

Our preference: short positions below 1314.00 with targets at 1303.00 & 1298.50 in extension.

Alternative scenario: above 1314.00 look for further upside with 1320.50 & 1326.00 as targets.

Comment: as long as the resistance at 1314.00 is not surpassed, the risk of the break below 1303.00 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

 

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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