TC FX Analysis

Date:2019/4/01 AUD/USD Intraday: bullish bias above 0.7095.

EUR/USD Intraday: under pressure.
Pivot: 1.1240

Our preference: short positions below 1.1240 with targets at 1.1210 & 1.1195 in extension.

Alternative scenario: above 1.1240 look for further upside with 1.1260 & 1.1285 as targets.

Comment: as long as the resistance at 1.1240 is not surpassed, the risk of the break below 1.1210 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: watch 1.2955.
Pivot: 1.3045

Our preference: short positions below 1.3045 with targets at 1.2990 & 1.2955 in extension.

Alternative scenario: above 1.3045 look for further upside with 1.3080 & 1.3135 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

 

AUD/USD Intraday: bullish bias above 0.7095.
Pivot: 0.7095

Our preference: long positions above 0.7095 with targets at 0.7125 & 0.7135 in extension.

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

 

USD/JPY Intraday: target 111.30.
Pivot: 110.75

Our preference: long positions above 110.75 with targets at 111.10 & 111.30 in extension.

Alternative scenario: below 110.75 look for further downside with 110.55 & 110.25 as targets.

Comment: a support base at 110.75 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

 

Gold spot Intraday: capped by a negative trend line.
Pivot: 1299.50

Our preference: short positions below 1299.50 with targets at 1286.50 & 1282.00 in extension.

Alternative scenario: above 1299.50 look for further upside with 1307.00 & 1312.00 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

 

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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