TC FX Analysis

Date:2019/5/29 GBP/USD Intraday: under pressure.

EUR/USD Intraday: under pressure.
Pivot: 1.1180

Our preference: short positions below 1.1180 with targets at 1.1150 & 1.1140 in extension.

Alternative scenario: above 1.1180 look for further upside with 1.1195 & 1.1205 as targets.

Comment: the break below 1.1180 is a negative signal that has opened a path to 1.1150.

  • 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: 1.2670

Our preference: short positions below 1.2670 with targets at 1.2645 & 1.2625 in extension.

Alternative scenario: above 1.2670 look for further upside with 1.2685 & 1.2700 as targets.

Comment: the RSI lacks upward momentum.

  • 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: bullish bias above 0.6910.
Pivot: 0.6910

Our preference: long positions above 0.6910 with targets at 0.6935 & 0.6950 in extension.

Alternative scenario: below 0.6910 look for further downside with 0.6900 & 0.6890 as targets.

Comment: a support base at 0.6910 has formed and has allowed for a temporary stabilisation.

  • 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: watch 109.00.
Pivot: 109.60

Our preference: short positions below 109.60 with targets at 109.20 & 109.00 in extension.

Alternative scenario: above 109.60 look for further upside with 109.75 & 109.95 as targets.

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

  • 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: caution.
Pivot: 1280.75

Our preference: short positions below 1280.75 with targets at 1277.25 & 1276.00 in extension.

Alternative scenario: above 1280.75 look for further upside with 1282.50 & 1284.00 as targets.

Comment: the RSI is mixed and calls for caution.

  • 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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