TC FX Analysis

Date:2019/5/21 GBP/USD Intraday: capped by a negative trend line.

EUR/USD Intraday: turning up.
Pivot: 1.1150

Our preference: long positions above 1.1150 with targets at 1.1180 & 1.1200 in extension.

Alternative scenario: below 1.1150 look for further downside with 1.1135 & 1.1120 as targets.

Comment: the RSI calls for a new upleg.

  • 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: under pressure.
Pivot: 1.2755

Our preference: short positions below 1.2755 with targets at 1.2710 & 1.2685 in extension.

Alternative scenario: above 1.2755 look for further upside with 1.2780 & 1.2805 as targets.

Comment: as long as the resistance at 1.2755 is not surpassed, the risk of the break below 1.2710 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

AUD/USD Intraday: watch 0.6955.
Pivot: 0.6905

Our preference: long positions above 0.6905 with targets at 0.6935 & 0.6955 in extension.

Alternative scenario: below 0.6905 look for further downside with 0.6890 & 0.6875 as targets.

Comment: the RSI calls for a rebound.

  • 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: the upside prevails.
Pivot: 109.85

Our preference: long positions above 109.85 with targets at 110.15 & 110.35 in extension.

Alternative scenario: below 109.85 look for further downside with 109.70 & 109.50 as targets.

Comment: the RSI calls for a new upleg.

  • 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: consolidation in place.
Pivot: 1279.00

Our preference: short positions below 1279.00 with targets at 1275.00 & 1273.50 in extension.

Alternative scenario: above 1279.00 look for further upside with 1282.00 & 1284.50 as targets.

Comment: as long as 1279.00 is resistance, expect a return to 1275.00.

  • 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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