TC FX Analysis

Date:2019/3/25 USD/JPY Intraday: turning up.

EUR/USD Intraday: key resistance at 1.1320.
Pivot: 1.1320

Our preference: short positions below 1.1320 with targets at 1.1270 & 1.1245 in extension.

Alternative scenario: above 1.1320 look for further upside with 1.1340 & 1.1360 as targets.

Comment: as long as the resistance at 1.1320 is not surpassed, the risk of the break below 1.1270 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: the upside prevails.
Pivot: 1.3175

Our preference: long positions above 1.3175 with targets at 1.3245 & 1.3270 in extension.

Alternative scenario: below 1.3175 look for further downside with 1.3145 & 1.3110 as targets.

Comment: the break above 1.3175 is a positive signal that has opened a path to 1.3245.


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: 0.7095

Our preference: short positions below 0.7095 with targets at 0.7060 & 0.7040 in extension.

Alternative scenario: above 0.7095 look for further upside with 0.7115 & 0.7135 as targets.

Comment: the break below 0.7095 is a negative signal that has opened a path to 0.7060.


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: turning up.
Pivot: 109.75

Our preference: long positions above 109.75 with targets at 110.30 & 110.65 in extension.

Alternative scenario: below 109.75 look for further downside with 109.55 & 109.35 as targets.

Comment: the RSI calls for a rebound.


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 1307.00.
Pivot: 1307.00

Our preference: long positions above 1307.00 with targets at 1316.50 & 1320.00 in extension.

Alternative scenario: below 1307.00 look for further downside with 1303.00 & 1298.50 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

 

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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