TC FX Analysis

Date:2019/4/02 GBP/USD Intraday: turning down.

EUR/USD Intraday: watch 1.1175.
Pivot: 1.1225

Our preference: short positions below 1.1225 with targets at 1.1195 & 1.1175 in extension.

Alternative scenario: above 1.1225 look for further upside with 1.1245 & 1.1260 as targets.

Comment: a break below 1.1195 would trigger a drop towards 1.1175.


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: 1.3115

Our preference: short positions below 1.3115 with targets at 1.3025 & 1.2990 in extension.

Alternative scenario: above 1.3115 look for further upside with 1.3150 & 1.3195 as targets.

Comment: as long as the resistance at 1.3115 is not surpassed, the risk of the break below 1.3025 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

 

AUD/USD Intraday: turning down.
Pivot: 0.7120

Our preference: short positions below 0.7120 with targets at 0.7100 & 0.7080 in extension.

Alternative scenario: above 0.7120 look for further upside with 0.7130 & 0.7145 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

 

USD/JPY Intraday: the upside prevails.
Pivot: 111.15

Our preference: long positions above 111.15 with targets at 111.75 & 112.00 in extension.

Alternative scenario: below 111.15 look for further downside with 110.85 & 110.60 as targets.

Comment: the break above 111.15 is a positive signal that has opened a path to 111.75.


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: expect 1278.00.
Pivot: 1293.00

Our preference: short positions below 1293.00 with targets at 1283.00 & 1278.00 in extension.

Alternative scenario: above 1293.00 look for further upside with 1297.00 & 1300.00 as targets.

Comment: the RSI is bearish and calls for further downside.


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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