TC FX Analysis

Date:2019/5/06 AUD/USD Intraday: under pressure.

EUR/USD Intraday: the bias remains bullish.
Pivot: 1.1175

Our preference: long positions above 1.1175 with targets at 1.1215 & 1.1240 in extension.

Alternative scenario: below 1.1175 look for further downside with 1.1155 & 1.1135 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

GBP/USD Intraday: aim @ 1.3230.
Pivot: 1.3100

Our preference: long positions above 1.3100 with targets at 1.3195 & 1.3230 in extension.

Alternative scenario: below 1.3100 look for further downside with 1.3045 & 1.2990 as targets.

Comment: the RSI advocates for further upside.

  • 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: under pressure.
Pivot: 0.7005

Our preference: short positions below 0.7005 with targets at 0.6980 & 0.6960 in extension.

Alternative scenario: above 0.7005 look for further upside with 0.7020 & 0.7030 as targets.

Comment: the upward potential is likely to be limited by the resistance at 0.7005.

  • 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: key resistance at 111.10.
Pivot: 111.10

Our preference: short positions below 111.10 with targets at 110.50 & 110.20 in extension.

Alternative scenario: above 111.10 look for further upside with 111.40 & 111.65 as targets.

Comment: as long as the resistance at 111.10 is not surpassed, the risk of the break below 110.50 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: further advance.
Pivot: 1277.00

Our preference: long positions above 1277.00 with targets at 1288.50 & 1294.50 in extension.

Alternative scenario: below 1277.00 look for further downside with 1272.50 & 1269.00 as targets.

Comment: the RSI shows upside 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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