TC FX Analysis

Date:2019/4/04 EUR/USD Intraday: the upside prevails.

EUR/USD Intraday: the upside prevails.
Pivot: 1.1225

Our preference: long positions above 1.1225 with targets at 1.1255 & 1.1270 in extension.

Alternative scenario: below 1.1225 look for further downside with 1.1210 & 1.1195 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: further advance.
Pivot: 1.3140

Our preference: long positions above 1.3140 with targets at 1.3195 & 1.3245 in extension.

Alternative scenario: below 1.3140 look for further downside with 1.3120 & 1.3100 as targets.

Comment: the RSI calls for a new upleg.

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: rebound expected.
Pivot: 0.7105

Our preference: long positions above 0.7105 with targets at 0.7130 & 0.7145 in extension.

Alternative scenario: below 0.7105 look for further downside with 0.7090 & 0.7070 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

 

USD/JPY Intraday: range.
Pivot: 111.25

Our preference: long positions above 111.25 with targets at 111.60 & 111.75 in extension.

Alternative scenario: below 111.25 look for further downside with 111.00 & 110.85 as targets.

Comment: a support base at 111.25 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: consolidation in place.
Pivot: 1294.50

Our preference: short positions below 1294.50 with targets at 1288.00 & 1285.00 in extension.

Alternative scenario: above 1294.50 look for further upside with 1297.00 & 1300.00 as targets.

Comment: as long as 1294.50 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

 

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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