TC FX Analysis

Date:2019/4/23 Gold spot Intraday: 1268.00 in sight.

EUR/USD Intraday: rebound expected.
Pivot: 1.1245

Our preference: long positions above 1.1245 with targets at 1.1275 & 1.1290 in extension.

Alternative scenario: below 1.1245 look for further downside with 1.1235 & 1.1225 as targets.

Comment: the RSI calls for a bounce.


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: 1.3010

Our preference: short positions below 1.3010 with targets at 1.2965 & 1.2945 in extension.

Alternative scenario: above 1.3010 look for further upside with 1.3030 & 1.3050 as targets.

Comment: the RSI calls for a new downleg.


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 0.7145.
Pivot: 0.7145

Our preference: short positions below 0.7145 with targets at 0.7125 & 0.7110 in extension.

Alternative scenario: above 0.7145 look for further upside with 0.7160 & 0.7175 as targets.

Comment: as long as the resistance at 0.7145 is not surpassed, the risk of the break below 0.7125 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 111.80.
Pivot: 111.80

Our preference: long positions above 111.80 with targets at 112.05 & 112.15 in extension.

Alternative scenario: below 111.80 look for further downside with 111.70 & 111.55 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

 

Gold spot Intraday: 1268.00 in sight.
Pivot: 1278.00

Our preference: short positions below 1278.00 with targets at 1271.00 & 1268.00 in extension.

Alternative scenario: above 1278.00 look for further upside with 1279.80 & 1282.50 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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