TC FX Analysis

Date:2019/4/11 Gold spot Intraday: 1314.00 in sight.

EUR/USD Intraday: towards 1.1305.
Pivot: 1.1260

Our preference: long positions above 1.1260 with targets at 1.1285 & 1.1305 in extension.

Alternative scenario: below 1.1260 look for further downside with 1.1245 & 1.1230 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

 

GBP/USD Intraday: bullish bias above 1.3070.
Pivot: 1.3070

Our preference: long positions above 1.3070 with targets at 1.3120 & 1.3140 in extension.

Alternative scenario: below 1.3070 look for further downside with 1.3050 & 1.3030 as targets.

Comment: the RSI is above its neutrality area at 50%.


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: intraday support around 0.7150.
Pivot: 0.7150

Our preference: long positions above 0.7150 with targets at 0.7175 & 0.7195 in extension.

Alternative scenario: below 0.7150 look for further downside with 0.7130 & 0.7110 as targets.

Comment: the RSI is above its neutrality area at 50%.


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: capped by a negative trend line.
Pivot: 111.20

Our preference: short positions below 111.20 with targets at 110.90 & 110.80 in extension.

Alternative scenario: above 111.20 look for further upside with 111.35 & 111.50 as targets.

Comment: a break below 110.90 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: 1314.00 in sight.
Pivot: 1304.50

Our preference: long positions above 1304.50 with targets at 1310.50 & 1314.00 in extension.

Alternative scenario: below 1304.50 look for further downside with 1301.00 & 1297.00 as targets.

Comment: the RSI is mixed with a bullish 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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