TC FX Analysis

Date:2019/5/13 AUD/USD Intraday: watch 0.6965.

EUR/USD Intraday: bullish bias above 1.1225.
Pivot: 1.1225

Our preference: long positions above 1.1225 with targets at 1.1245 & 1.1255 in extension.

Alternative scenario: below 1.1225 look for further downside with 1.1210 & 1.1190 as targets.

Comment: the RSI has just landed on its neutrality area at 50% and is turning up.

  • 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 1.3020.
Pivot: 1.3020

Our preference: short positions below 1.3020 with targets at 1.2990 & 1.2970 in extension.

Alternative scenario: above 1.3020 look for further upside with 1.3040 & 1.3060 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1.3020.

  • 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 0.6965.
Pivot: 0.7010

Our preference: short positions below 0.7010 with targets at 0.6980 & 0.6965 in extension.

Alternative scenario: above 0.7010 look for further upside with 0.7025 & 0.7040 as targets.

Comment: the RSI advocates for further downside.

  • 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: under pressure.
Pivot: 110.05

Our preference: short positions below 110.05 with targets at 109.50 & 109.30 in extension.

Alternative scenario: above 110.05 look for further upside with 110.30 & 110.55 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

Gold spot Intraday: supported by a rising trend line.
Pivot: 1284.00

Our preference: long positions above 1284.00 with targets at 1291.50 & 1293.00 in extension.

Alternative scenario: below 1284.00 look for further downside with 1281.00 & 1278.50 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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