TC FX Analysis

Date:2019/5/03 USD/JPY Intraday: bullish bias above 111.35.

EUR/USD Intraday: the downside prevails.
Pivot: 1.1195

Our preference: short positions below 1.1195 with targets at 1.1155 & 1.1140 in extension.

Alternative scenario: above 1.1195 look for further upside with 1.1220 & 1.1240 as targets.

Comment: the break below 1.1195 is a negative signal that has opened a path to 1.1155.

  • 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: watch 1.3000.
Pivot: 1.3050

Our preference: short positions below 1.3050 with targets at 1.3015 & 1.3000 in extension.

Alternative scenario: above 1.3050 look for further upside with 1.3080 & 1.3100 as targets.

Comment: a break below 1.3015 would trigger a drop towards 1.3000.

  • 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 0.6970.
Pivot: 0.7015

Our preference: short positions below 0.7015 with targets at 0.6985 & 0.6970 in extension.

Alternative scenario: above 0.7015 look for further upside with 0.7030 & 0.7050 as targets.

Comment: as long as 0.7015 is resistance, look for choppy price action with a bearish bias.

  • 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 111.35.
Pivot: 111.35

Our preference: long positions above 111.35 with targets at 111.65 & 111.75 in extension.

Alternative scenario: below 111.35 look for further downside with 111.20 & 111.00 as targets.

Comment: a support base at 111.35 has formed and has allowed for a temporary stabilisation.

  • 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: target 1264.00.
Pivot: 1274.50

Our preference: short positions below 1274.50 with targets at 1266.00 & 1264.00 in extension.

Alternative scenario: above 1274.50 look for further upside with 1277.50 & 1280.00 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

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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