TC FX Analysis

Date:2019/4/10 GBP/USD Intraday: key resistance at 1.3070.

EUR/USD Intraday: bullish bias above 1.1255.
Pivot: 1.1255

Our preference: long positions above 1.1255 with targets at 1.1285 & 1.1300 in extension.

Alternative scenario: below 1.1255 look for further downside with 1.1235 & 1.1220 as targets.

Comment: a support base at 1.1255 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

 

GBP/USD Intraday: key resistance at 1.3070.
Pivot: 1.3070

Our preference: short positions below 1.3070 with targets at 1.3030 & 1.3005 in extension.

Alternative scenario: above 1.3070 look for further upside with 1.3090 & 1.3115 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1.3070.


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: 0.7100 expected.
Pivot: 0.7140

Our preference: short positions below 0.7140 with targets at 0.7115 & 0.7100 in extension.

Alternative scenario: above 0.7140 look for further upside with 0.7150 & 0.7165 as targets.

Comment: a break below 0.7115 would trigger a drop towards 0.7100.


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: watch 110.80.
Pivot: 111.25

Our preference: short positions below 111.25 with targets at 111.00 & 110.80 in extension.

Alternative scenario: above 111.25 look for further upside with 111.40 & 111.55 as targets.

Comment: a break below 111.00 would trigger a drop towards 110.80.


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: the bias remains bullish.
Pivot: 1300.00

Our preference: long positions above 1300.00 with targets at 1308.50 & 1313.50 in extension.

Alternative scenario: below 1300.00 look for further downside with 1296.00 & 1291.00 as targets.

Comment: the RSI is bullish and calls for further advance.


Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

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