TC FX Analysis

Date:2019/4/29 GBP/USD Intraday: under pressure.

EUR/USD Intraday: key resistance at 1.1165.
Pivot: 1.1165

Our preference: short positions below 1.1165 with targets at 1.1130 & 1.1120 in extension.

Alternative scenario: above 1.1165 look for further upside with 1.1180 & 1.1200 as targets.

Comment: as long as the resistance at 1.1165 is not surpassed, the risk of the break below 1.1130 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

GBP/USD Intraday: under pressure.
Pivot: 1.2930

Our preference: short positions below 1.2930 with targets at 1.2910 & 1.2895 in extension.

Alternative scenario: above 1.2930 look for further upside with 1.2945 & 1.2960 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

AUD/USD Intraday: bullish bias above 0.7030.
Pivot: 0.7030

Our preference: long positions above 0.7030 with targets at 0.7050 & 0.7060 in extension.

Alternative scenario: below 0.7030 look for further downside with 0.7015 & 0.7005 as targets.

Comment: technically 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

USD/JPY Intraday: choppy.
Pivot: 111.70

Our preference: short positions below 111.70 with targets at 111.45 & 111.35 in extension.

Alternative scenario: above 111.70 look for further upside with 111.85 & 112.00 as targets.

Comment: as long as the resistance at 111.70 is not surpassed, the risk of the break below 111.45 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

Gold spot Intraday: towards 1295.00.
Pivot: 1282.50

Our preference: long positions above 1282.50 with targets at 1290.00 & 1295.00 in extension.

Alternative scenario: below 1282.50 look for further downside with 1279.00 & 1274.00 as targets.

Comment: the RSI is mixed to bullish.

  • Green Lines Represent Resistances
  • Red Lines Represent Support Levels
  • Light Blue is a Pivot Point
  • Black represents the price when the report was

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.

Revisit Appointment

  • Our service time is 09:00-22:00,
    Monday to Friday (GMT+8)

User experience score