TC FX Analysis

Date:2019/5/10 USD/JPY Intraday: key resistance at 109.90.

EUR/USD Intraday: bullish bias above 1.1205.
Pivot: 1.1205

Our preference: long positions above 1.1205 with targets at 1.1245 & 1.1260 in extension.

Alternative scenario: below 1.1205 look for further downside with 1.1190 & 1.1170 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

  • 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: bullish bias above 1.2995.
Pivot: 1.2995

Our preference: long positions above 1.2995 with targets at 1.3035 & 1.3060 in extension.

Alternative scenario: below 1.2995 look for further downside with 1.2970 & 1.2945 as targets.

Comment: a support base at 1.2995 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

AUD/USD Intraday: the bias remains bullish.
Pivot: 0.6975

Our preference: long positions above 0.6975 with targets at 0.7000 & 0.7015 in extension.

Alternative scenario: below 0.6975 look for further downside with 0.6960 & 0.6945 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

USD/JPY Intraday: key resistance at 109.90.
Pivot: 109.90

Our preference: short positions below 109.90 with targets at 109.50 & 109.35 in extension.

Alternative scenario: above 109.90 look for further upside with 110.10 & 110.25 as targets.

Comment: the upward potential is likely to be limited by the resistance at 109.90.

  • 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: supported by a rising trend line.
Pivot: 1280.00

Our preference: long positions above 1280.00 with targets at 1288.50 & 1291.50 in extension.

Alternative scenario: below 1280.00 look for further downside with 1276.50 & 1272.50 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.

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