TC FX Analysis

Date:2019/5/20 AUD/USD Intraday: consolidation in place.

EUR/USD Intraday: watch 1.1140.
Pivot: 1.1180

Our preference: short positions below 1.1180 with targets at 1.1155 & 1.1140 in extension.

Alternative scenario: above 1.1180 look for further upside with 1.1200 & 1.1220 as targets.

Comment: a break below 1.1155 would trigger a drop towards 1.1140.

  • 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: capped by a negative trend line.
Pivot: 1.2760

Our preference: short positions below 1.2760 with targets at 1.2710 & 1.2690 in extension.

Alternative scenario: above 1.2760 look for further upside with 1.2780 & 1.2805 as targets.

Comment: a break below 1.2710 would trigger a drop towards 1.2690.

  • 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: consolidation in place.
Pivot: 0.6880

Our preference: long positions above 0.6880 with targets at 0.6915 & 0.6935 in extension.

Alternative scenario: below 0.6880 look for further downside with 0.6865 & 0.6850 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

USD/JPY Intraday: further upside.
Pivot: 109.85

Our preference: long positions above 109.85 with targets at 110.30 & 110.55 in extension.

Alternative scenario: below 109.85 look for further downside with 109.55 & 109.35 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: under pressure.
Pivot: 1284.00

Our preference: short positions below 1284.00 with targets at 1272.50 & 1266.25 in extension.

Alternative scenario: above 1284.00 look for further upside with 1288.25 & 1291.00 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

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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