TC FX Analysis

Date:2019/9/09 EUR/USD Intraday: aim @ 1.1000.

EUR/USD Intraday: aim @ 1.1000.

Pivot:1.1035

Our preference: short positions below 1.1035 with targets at 1.1015 & 1.1000 in extension.

Alternative scenario: above 1.1035 look for further upside with 1.1050 & 1.1070 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

GBP/USD Intraday: key resistance at 1.2305.

Pivot:1.2305

Our preference: short positions below 1.2305 with targets at 1.2260 & 1.2230 in extension.

Alternative scenario: above 1.2305 look for further upside with 1.2335 & 1.2355 as targets.

Comment: as long as 1.2305 is resistance, expect a return to 1.2260.

  • 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 0.6835.

Pivot:0.6835

Our preference: long positions above 0.6835 with targets at 0.6860 & 0.6880 in extension.

Alternative scenario: below 0.6835 look for further downside with 0.6820 & 0.6805 as targets.

Comment: a support base at 0.6835 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: turning up.

Pivot:106.75

Our preference: long positions above 106.75 with targets at 107.10 & 107.25 in extension.

Alternative scenario: below 106.75 look for further downside with 106.55 & 106.35 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: look for 1493.00.

Pivot:1513.00

Our preference: short positions below 1513.00 with targets at 1502.00 & 1493.00 in extension.

Alternative scenario: above 1513.00 look for further upside with 1519.00 & 1528.00 as targets.

Comment: a break below 1502.00 would trigger a drop towards 1493.00.

  • 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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