TC FX Analysis

Date:2019/3/27 GBP/USD Intraday: bullish bias above 1.3170.

EUR/USD Intraday: the downside prevails.
Pivot: 1.1300

Our preference: short positions below 1.1300 with targets at 1.1260 & 1.1235 in extension.

Alternative scenario: above 1.1300 look for further upside with 1.1330 & 1.1360 as targets.

Comment: technically the RSI is below its neutrality area at 50.


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: bullish bias above 1.3170.
Pivot: 1.3170

Our preference: long positions above 1.3170 with targets at 1.3260 & 1.3300 in extension.

Alternative scenario: below 1.3170 look for further downside with 1.3140 & 1.3085 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: supported by a rising trend line.
Pivot: 0.7125

Our preference: long positions above 0.7125 with targets at 0.7150 & 0.7165 in extension.

Alternative scenario: below 0.7125 look for further downside with 0.7110 & 0.7095 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

 

 

USD/JPY Intraday: the bias remains bullish.
Pivot: 110.30

Our preference: long positions above 110.30 with targets at 110.70 & 110.95 in extension.

Alternative scenario: below 110.30 look for further downside with 110.00 & 109.70 as targets.

Comment: even though a continuation of the consolidation 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

 

 

Gold spot Intraday: key resistance at 1319.00.
Pivot: 1319.00

Our preference: short positions below 1319.00 with targets at 1312.50 & 1308.50 in extension.

Alternative scenario: above 1319.00 look for further upside with 1324.50 & 1327.50 as targets.

Comment: the RSI has just struck against its neutrality area at 50% and is reversing down.


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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