TC FX Analysis

Date:2019/5/15 Gold spot Intraday: expect 1289.25.

EUR/USD Intraday: watch 1.1180.
Pivot: 1.1220

Our preference: short positions below 1.1220 with targets at 1.1200 & 1.1180 in extension.

Alternative scenario: above 1.1220 look for further upside with 1.1230 & 1.1245 as targets.

Comment: a break below 1.1200 would trigger a drop towards 1.1180.

  • 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: 1.2865 expected.
Pivot: 1.2935

Our preference: short positions below 1.2935 with targets at 1.2900 & 1.2865 in extension.

Alternative scenario: above 1.2935 look for further upside with 1.2970 & 1.3000 as targets.

Comment: a break below 1.2900 would trigger a drop towards 1.2865.

  • 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 downside prevails.
Pivot: 0.6950

Our preference: short positions below 0.6950 with targets at 0.6915 & 0.6900 in extension.

Alternative scenario: above 0.6950 look for further upside with 0.6965 & 0.6985 as targets.

Comment: the RSI is bearish and calls for further decline.

  • 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: target 110.05.
Pivot: 109.45

Our preference: long positions above 109.45 with targets at 109.80 & 110.05 in extension.

Alternative scenario: below 109.45 look for further downside with 109.25 & 109.00 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

Gold spot Intraday: expect 1289.25.
Pivot: 1299.50

Our preference: short positions below 1299.50 with targets at 1293.25 & 1289.25 in extension.

Alternative scenario: above 1299.50 look for further upside with 1303.00 & 1306.00 as targets.

Comment: the RSI has just struck against its neutrality area at 50% and is reversing down.

  • 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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