TC FX Analysis

Date:2019/4/17 AUD/USD Intraday: key resistance at 0.7180.

EUR/USD Intraday: under pressure.
Pivot: 1.1300

Our preference: short positions below 1.1300 with targets at 1.1260 & 1.1250 in extension.

Alternative scenario: above 1.1300 look for further upside with 1.1320 & 1.1340 as targets.

Comment: the break below 1.1300 is a negative signal that has opened a path to 1.1260.


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: watch 1.3000.
Pivot: 1.3070

Our preference: short positions below 1.3070 with targets at 1.3025 & 1.3000 in extension.

Alternative scenario: above 1.3070 look for further upside with 1.3095 & 1.3120 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

 

AUD/USD Intraday: key resistance at 0.7180.
Pivot: 0.7180

Our preference: short positions below 0.7180 with targets at 0.7150 & 0.7140 in extension.

Alternative scenario: above 0.7180 look for further upside with 0.7190 & 0.7200 as targets.

Comment: the RSI lacks upward momentum.


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: 111.85

Our preference: long positions above 111.85 with targets at 112.10 & 112.25 in extension.

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

Comment: a support base at 111.85 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: under pressure.
Pivot: 1282.25

Our preference: short positions below 1282.25 with targets at 1270.50 & 1265.50 in extension.

Alternative scenario: above 1282.25 look for further upside with 1286.75 & 1290.00 as targets.

Comment: the RSI is bearish and calls for further decline.


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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