TC FX Analysis

Date:2019/9/10 EUR/USD Intraday: turning down.

EUR/USD Intraday: turning down.

Pivot:1.1065

Our preference: short positions below 1.1065 with targets at 1.1035 & 1.1015 in extension.

Alternative scenario: above 1.1065 look for further upside with 1.1085 & 1.1095 as targets.

Comment: the RSI shows downside 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: the bias remains bullish.

Pivot:1.2320

Our preference: long positions above 1.2320 with targets at 1.2380 & 1.2400 in extension.

Alternative scenario: below 1.2320 look for further downside with 1.2290 & 1.2265 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

  • 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: 0.6900 expected.

Pivot:0.6850

Our preference: long positions above 0.6850 with targets at 0.6875 & 0.6900 in extension.

Alternative scenario: below 0.6850 look for further downside with 0.6835 & 0.6820 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

  • 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: target 107.55.

Pivot:107.00

Our preference: long positions above 107.00 with targets at 107.30 & 107.55 in extension.

Alternative scenario: below 107.00 look for further downside with 106.80 & 106.55 as targets.

Comment: the RSI is bullish and calls 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: the downside prevails.

Pivot:1506.00

Our preference: short positions below 1506.00 with targets at 1492.00 & 1485.00 in extension.

Alternative scenario: above 1506.00 look for further upside with 1514.00 & 1519.00 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

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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