TC FX Analysis

Date:2019/4/18 GBP/USD Intraday: aim @ 1.3015.

EUR/USD Intraday: caution.
Pivot: 1.1290

Our preference: long positions above 1.1290 with targets at 1.1305 & 1.1320 in extension.

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

Comment: intraday technical indicators are mixed and call for caution.


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: aim @ 1.3015.
Pivot: 1.3050

Our preference: short positions below 1.3050 with targets at 1.3025 & 1.3015 in extension.

Alternative scenario: above 1.3050 look for further upside with 1.3065 & 1.3095 as targets.

Comment: a break below 1.3025 would trigger a drop towards 1.3015.


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: under pressure.
Pivot: 0.7185

Our preference: short positions below 0.7185 with targets at 0.7160 & 0.7140 in extension.

Alternative scenario: above 0.7185 look for further upside with 0.7205 & 0.7220 as targets.

Comment: as long as the resistance at 0.7185 is not surpassed, the risk of the break below 0.7160 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

 

USD/JPY Intraday: bullish bias above 111.90.
Pivot: 111.90

Our preference: long positions above 111.90 with targets at 112.15 & 112.35 in extension.

Alternative scenario: below 111.90 look for further downside with 111.80 & 111.65 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

 

Gold spot Intraday: capped by a negative trend line.
Pivot: 1278.00

Our preference: short positions below 1278.00 with targets at 1272.50 & 1268.00 in extension.

Alternative scenario: above 1278.00 look for further upside with 1282.50 & 1287.00 as targets.

Comment: the RSI is mixed to bearish.


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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