TC FX Analysis

Date:2019/4/25 USD/JPY Intraday: bullish bias above 111.95.

EUR/USD Intraday: under pressure.
Pivot: 1.1185

Our preference: short positions below 1.1185 with targets at 1.1130 & 1.1115 in extension.

Alternative scenario: above 1.1185 look for further upside with 1.1205 & 1.1220 as targets.

Comment: the break below 1.1185 is a negative signal that has opened a path to 1.1130.


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 1.2870.
Pivot: 1.2930

Our preference: short positions below 1.2930 with targets at 1.2890 & 1.2870 in extension.

Alternative scenario: above 1.2930 look for further upside with 1.2960 & 1.2975 as targets.

Comment: a break below 1.2890 would trigger a drop towards 1.2870.


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: target 0.6970.
Pivot: 0.7030

Our preference: short positions below 0.7030 with targets at 0.7000 & 0.6970 in extension.

Alternative scenario: above 0.7030 look for further upside with 0.7050 & 0.7080 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: bullish bias above 111.95.
Pivot: 111.95

Our preference: long positions above 111.95 with targets at 112.40 & 112.60 in extension.

Alternative scenario: below 111.95 look for further downside with 111.80 & 111.65 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

 

Gold spot Intraday: supported by a rising trend line.
Pivot: 1271.00

Our preference: long positions above 1271.00 with targets at 1277.50 & 1279.50 in extension.

Alternative scenario: below 1271.00 look for further downside with 1268.50 & 1266.00 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

 

 

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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