TC FX Analysis

Date:2019/3/26 AUD/USD Intraday: the upside prevails.

EUR/USD Intraday: continuation of the rebound.
Pivot: 1.1300

Our preference: long positions above 1.1300 with targets at 1.1330 & 1.1345 in extension.

Alternative scenario: below 1.1300 look for further downside with 1.1275 & 1.1245 as targets.

Comment: the RSI has just landed on its neutrality area at 50% and is turning up.


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: rebound expected.
Pivot: 1.3170

Our preference: long positions above 1.3170 with targets at 1.3245 & 1.3270 in extension.

Alternative scenario: below 1.3170 look for further downside with 1.3140 & 1.3110 as targets.

Comment: a support base at 1.3170 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

 

AUD/USD Intraday: the upside prevails.
Pivot: 0.7095

Our preference: long positions above 0.7095 with targets at 0.7120 & 0.7135 in extension.

Alternative scenario: below 0.7095 look for further downside with 0.7080 & 0.7065 as targets.

Comment: the break above 0.7095 is a positive signal that has opened a path to 0.7120.


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 bias remains bullish.
Pivot: 109.70

Our preference: long positions above 109.70 with targets at 110.25 & 110.50 in extension.

Alternative scenario: below 109.70 look for further downside with 109.40 & 109.15 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

 

Gold spot Intraday: bullish bias above 1315.00.
Pivot: 1315.00

Our preference: long positions above 1315.00 with targets at 1327.50 & 1333.00 in extension.

Alternative scenario: below 1315.00 look for further downside with 1310.00 & 1307.00 as targets.

Comment: the RSI is mixed with a bullish bias.


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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