TC FX Analysis

Date:2019/5/28 AUD/USD Intraday: key resistance at 0.6925.

EUR/USD Intraday: towards 1.1175.
Pivot: 1.1205

Our preference: short positions below 1.1205 with targets at 1.1185 & 1.1175 in extension.

Alternative scenario: above 1.1205 look for further upside with 1.1215 & 1.1230 as targets.

Comment: a break below 1.1185 would trigger a drop towards 1.1175.

  • 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: 1.2645 expected.
Pivot: 1.2700

Our preference: short positions below 1.2700 with targets at 1.2665 & 1.2645 in extension.

Alternative scenario: above 1.2700 look for further upside with 1.2720 & 1.2745 as targets.

Comment: a break below 1.2665 would trigger a drop towards 1.2645.

  • 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: key resistance at 0.6925.
Pivot: 0.6925

Our preference: short positions below 0.6925 with targets at 0.6910 & 0.6900 in extension.

Alternative scenario: above 0.6925 look for further upside with 0.6940 & 0.6950 as targets.

Comment: as long as the resistance at 0.6925 is not surpassed, the risk of the break below 0.6910 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

USD/JPY Intraday: further upside.
Pivot: 109.40

Our preference: long positions above 109.40 with targets at 109.70 & 109.95 in extension.

Alternative scenario: below 109.40 look for further downside with 109.25 & 109.00 as targets.

Comment: the RSI is mixed with a bullish bias.

  • 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: 1289.00 in sight.
Pivot: 1283.00

Our preference: long positions above 1283.00 with targets at 1287.25 & 1289.00 in extension.

Alternative scenario: below 1283.00 look for further downside with 1280.50 & 1277.00 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

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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