TC FX Analysis

Date:2019/4/15 USD/JPY Intraday: further advance.

EUR/USD Intraday: the bias remains bullish.
Pivot: 1.1290

Our preference: long positions above 1.1290 with targets at 1.1325 & 1.1345 in extension.

Alternative scenario: below 1.1290 look for further downside with 1.1275 & 1.1260 as targets.

Comment: a support base at 1.1290 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: turning up.
Pivot: 1.3065

Our preference: long positions above 1.3065 with targets at 1.3095 & 1.3110 in extension.

Alternative scenario: below 1.3065 look for further downside with 1.3050 & 1.3030 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

 

AUD/USD Intraday: bullish bias above 0.7155.
Pivot: 0.7155

Our preference: long positions above 0.7155 with targets at 0.7190 & 0.7205 in extension.

Alternative scenario: below 0.7155 look for further downside with 0.7135 & 0.7115 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

 

USD/JPY Intraday: further advance.
Pivot: 111.85

Our preference: long positions above 111.85 with targets at 112.20 & 112.35 in extension.

Alternative scenario: below 111.85 look for further downside with 111.65 & 111.50 as targets.

Comment: the break above 111.85 is a positive signal that has opened a path to 112.20.


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 downside prevails.
Pivot: 1294.75

Our preference: short positions below 1294.75 with targets at 1287.50 & 1283.00 in extension.

Alternative scenario: above 1294.75 look for further upside with 1298.75 & 1300.50 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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