TC FX Analysis

Date:2019/4/03 Gold spot Intraday: caution.

EUR/USD Intraday: rebound in sight.
Pivot: 1.1185

Our preference: long positions above 1.1185 with targets at 1.1215 & 1.1230 in extension.

Alternative scenario: below 1.1185 look for further downside with 1.1175 & 1.1165 as targets.

Comment: the RSI calls for a rebound.

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: look for 1.3195.
Pivot: 1.3080

Our preference: long positions above 1.3080 with targets at 1.3150 & 1.3195 in extension.

Alternative scenario: below 1.3080 look for further downside with 1.3050 & 1.3015 as targets.

Comment: the RSI advocates for further upside.

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 downside prevails.
Pivot: 0.7080

Our preference: short positions below 0.7080 with targets at 0.7040 & 0.7025 in extension.

Alternative scenario: above 0.7080 look for further upside with 0.7100 & 0.7115 as targets.

Comment: as long as 0.7080 is resistance, look for choppy price action with a bearish 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

 

USD/JPY Intraday: consolidation in place.
Pivot: 111.15

Our preference: long positions above 111.15 with targets at 111.55 & 111.75 in extension.

Alternative scenario: below 111.15 look for further downside with 110.85 & 110.60 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: caution.
Pivot: 1294.00

Our preference: short positions below 1294.00 with targets at 1287.50 & 1285.00 in extension.

Alternative scenario: above 1294.00 look for further upside with 1300.00 & 1306.00 as targets.

Comment: the RSI is mixed and calls for caution.

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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