TC FX Analysis

Date:2019/5/08 Gold spot Intraday: towards 1291.00.

EUR/USD Intraday: rebound expected.
Pivot: 1.1170

Our preference: long positions above 1.1170 with targets at 1.1205 & 1.1220 in extension.

Alternative scenario: below 1.1170 look for further downside with 1.1155 & 1.1145 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: key resistance at 1.3085.
Pivot: 1.3085

Our preference: short positions below 1.3085 with targets at 1.3040 & 1.3025 in extension.

Alternative scenario: above 1.3085 look for further upside with 1.3130 & 1.3175 as targets.

Comment: the index currently faces a challenging resistance area at 1.3085.

  • 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: target 0.6980.
Pivot: 0.7020

Our preference: short positions below 0.7020 with targets at 0.6995 & 0.6980 in extension.

Alternative scenario: above 0.7020 look for further upside with 0.7040 & 0.7060 as targets.

Comment: a break below 0.6995 would trigger a drop towards 0.6980.

  • 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: the downside prevails.
Pivot: 110.50

Our preference: short positions below 110.50 with targets at 110.00 & 109.80 in extension.

Alternative scenario: above 110.50 look for further upside with 110.75 & 110.95 as targets.

Comment: the break below 110.50 is a negative signal that has opened a path to 110.00.

  • 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 1291.00.
Pivot: 1280.75

Our preference: long positions above 1280.75 with targets at 1288.50 & 1291.00 in extension.

Alternative scenario: below 1280.75 look for further downside with 1276.50 & 1272.50 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

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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