TC FX Analysis

Date:2019/3/28 Gold spot Intraday: 1303.00 in sight.

EUR/USD Intraday: the downside prevails.
Pivot: 1.1280

Our preference: short positions below 1.1280 with targets at 1.1235 & 1.1200 in extension.

Alternative scenario: above 1.1280 look for further upside with 1.1300 & 1.1325 as targets.

Comment: a break below 1.1235 would trigger a drop towards 1.1200.


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: turning down.
Pivot: 1.3200

Our preference: short positions below 1.3200 with targets at 1.3125 & 1.3080 in extension.

Alternative scenario: above 1.3200 look for further upside with 1.3240 & 1.3270 as targets.

Comment: the immediate trend remains down and the momentum is strong.


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 0.7095.
Pivot: 0.7095

Our preference: short positions below 0.7095 with targets at 0.7065 & 0.7045 in extension.

Alternative scenario: above 0.7095 look for further upside with 0.7110 & 0.7130 as targets.

Comment: as long as the resistance at 0.7095 is not surpassed, the risk of the break below 0.7065 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

 

USD/JPY Intraday: under pressure.
Pivot: 110.70

Our preference: short positions below 110.70 with targets at 110.25 & 110.00 in extension.

Alternative scenario: above 110.70 look for further upside with 110.95 & 111.15 as targets.

Comment: the RSI lacks upward 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: 1303.00 in sight.
Pivot: 1313.50

Our preference: short positions below 1313.50 with targets at 1306.50 & 1303.00 in extension.

Alternative scenario: above 1313.50 look for further upside with 1317.00 & 1319.00 as targets.

Comment: the RSI shows downside 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

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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