TC FX Analysis

Date:2019/4/12 EUR/USD Intraday: key resistance at 1.1270.

EUR/USD Intraday: key resistance at 1.1270.
Pivot: 1.1270

Our preference: short positions below 1.1270 with targets at 1.1250 & 1.1235 in extension.

Alternative scenario: above 1.1270 look for further upside with 1.1285 & 1.1300 as targets.

Comment: as long as the resistance at 1.1270 is not surpassed, the risk of the break below 1.1250 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

 

GBP/USD Intraday: the downside prevails.
Pivot: 1.3075

Our preference: short positions below 1.3075 with targets at 1.3030 & 1.3015 in extension.

Alternative scenario: above 1.3075 look for further upside with 1.3090 & 1.3110 as targets.

Comment: the break below 1.3075 is a negative signal that has opened a path to 1.3030.


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: watch 0.7090.
Pivot: 0.7135

Our preference: short positions below 0.7135 with targets at 0.7110 & 0.7090 in extension.

Alternative scenario: above 0.7135 look for further upside with 0.7150 & 0.7165 as targets.

Comment: a break below 0.7110 would trigger a drop towards 0.7090.


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: further advance.
Pivot: 111.50

Our preference: long positions above 111.50 with targets at 111.80 & 112.00 in extension.

Alternative scenario: below 111.50 look for further downside with 111.35 & 111.15 as targets.

Comment: the break above 111.50 is a positive signal that has opened a path to 111.80.


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: key resistance at 1295.00.
Pivot: 1295.00

Our preference: short positions below 1295.00 with targets at 1288.00 & 1282.25 in extension.

Alternative scenario: above 1295.00 look for further upside with 1300.00 & 1303.50 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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