TC FX Analysis

Date:2019/4/24 EUR/USD Intraday: turning up.

EUR/USD Intraday: turning up.
Pivot: 1.1205

Our preference: long positions above 1.1205 with targets at 1.1240 & 1.1260 in extension.

Alternative scenario: below 1.1205 look for further downside with 1.1190 & 1.1180 as targets.

Comment: the RSI lacks downward 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

 

GBP/USD Intraday: under pressure.
Pivot: 1.2950

Our preference: short positions below 1.2950 with targets at 1.2925 & 1.2910 in extension.

Alternative scenario: above 1.2950 look for further upside with 1.2975 & 1.2995 as targets.

Comment: the break below 1.2950 is a negative signal that has opened a path to 1.2925.


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 0.7110.
Pivot: 0.7110

Our preference: short positions below 0.7110 with targets at 0.7080 & 0.7070 in extension.

Alternative scenario: above 0.7110 look for further upside with 0.7120 & 0.7130 as targets.

Comment: the upward potential is likely to be limited by the resistance at 0.7110.


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: key resistance at 111.95.
Pivot: 111.95

Our preference: short positions below 111.95 with targets at 111.75 & 111.65 in extension.

Alternative scenario: above 111.95 look for further upside with 112.05 & 112.15 as targets.

Comment: as long as the resistance at 111.95 is not surpassed, the risk of the break below 111.75 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

 

Gold spot Intraday: 1268.00 expected.
Pivot: 1273.25

Our preference: short positions below 1273.25 with targets at 1268.00 & 1266.00 in extension.

Alternative scenario: above 1273.25 look for further upside with 1276.50 & 1279.50 as targets.

Comment: as long as 1273.25 is resistance, expect a return to 1268.00.


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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