TC FX Analysis

Date:2019/5/02 EUR/USD Intraday: key resistance at 1.1220.

EUR/USD Intraday: key resistance at 1.1220.
Pivot: 1.1220

Our preference: short positions below 1.1220 with targets at 1.1175 & 1.1150 in extension.

Alternative scenario: above 1.1220 look for further upside with 1.1240 & 1.1260 as targets.

Comment: as long as the resistance at 1.1220 is not surpassed, the risk of the break below 1.1175 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: key resistance at 1.3075.
Pivot: 1.3075

Our preference: short positions below 1.3075 with targets at 1.3030 & 1.3000 in extension.

Alternative scenario: above 1.3075 look for further upside with 1.3100 & 1.3120 as targets.

Comment: as long as the resistance at 1.3075 is not surpassed, the risk of the break below 1.3030 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

AUD/USD Intraday: watch 0.6985.
Pivot: 0.7035

Our preference: short positions below 0.7035 with targets at 0.7005 & 0.6985 in extension.

Alternative scenario: above 0.7035 look for further upside with 0.7050 & 0.7060 as targets.

Comment: a break below 0.7005 would trigger a drop towards 0.6985.

  • 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: bullish bias above 111.25.
Pivot: 111.25

Our preference: long positions above 111.25 with targets at 111.60 & 111.70 in extension.

Alternative scenario: below 111.25 look for further downside with 111.00 & 110.80 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

Gold spot Intraday: key resistance at 1280.00.
Pivot: 1280.00

Our preference: short positions below 1280.00 with targets at 1272.75 & 1269.00 in extension.

Alternative scenario: above 1280.00 look for further upside with 1284.00 & 1286.00 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

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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