TC FX Analysis

Date:2019/5/14 GBP/USD Intraday: watch 1.2900.

EUR/USD Intraday: turning down.
Pivot: 1.1240

Our preference: short positions below 1.1240 with targets at 1.1220 & 1.1210 in extension.

Alternative scenario: above 1.1240 look for further upside with 1.1255 & 1.1265 as targets.

Comment: as long as the resistance at 1.1240 is not surpassed, the risk of the break below 1.1220 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

GBP/USD Intraday: watch 1.2900.
Pivot: 1.2990

Our preference: short positions below 1.2990 with targets at 1.2940 & 1.2900 in extension.

Alternative scenario: above 1.2990 look for further upside with 1.3015 & 1.3040 as targets.

Comment: a break below 1.2940 would trigger a drop towards 1.2900.

  • 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 0.6915.
Pivot: 0.6965

Our preference: short positions below 0.6965 with targets at 0.6930 & 0.6915 in extension.

Alternative scenario: above 0.6965 look for further upside with 0.6985 & 0.7005 as targets.

Comment: technically the RSI is below 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

USD/JPY Intraday: under pressure.
Pivot: 109.55

Our preference: short positions below 109.55 with targets at 109.00 & 108.75 in extension.

Alternative scenario: above 109.55 look for further upside with 109.80 & 110.05 as targets.

Comment: as long as the resistance at 109.55 is not surpassed, the risk of the break below 109.00 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: look for 1310.50.
Pivot: 1295.50

Our preference: long positions above 1295.50 with targets at 1306.00 & 1310.50 in extension.

Alternative scenario: below 1295.50 look for further downside with 1291.50 & 1288.00 as targets.

Comment: the RSI advocates for further advance.

  • 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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