TC FX Analysis

Date:2019/9/11 EUR/USD Intraday: rebound expected.

EUR/USD Intraday: rebound expected.

Pivot:1.1035

Our preference: long positions above 1.1035 with targets at 1.1060 & 1.1070 in extension.

Alternative scenario: below 1.1035 look for further downside with 1.1025 & 1.1015 as targets.

Comment: a support base at 1.1035 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

GBP/USD Intraday: bullish bias above 1.2335.

Pivot:1.2335

Our preference: long positions above 1.2335 with targets at 1.2380 & 1.2400 in extension.

Alternative scenario: below 1.2335 look for further downside with 1.2305 & 1.2270 as targets.

Comment: the RSI has just landed on its neutrality area at 50% and is turning up.

  • 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 0.6870.

Pivot:0.6870

Our preference: short positions below 0.6870 with targets at 0.6845 & 0.6835 in extension.

Alternative scenario: above 0.6870 look for further upside with 0.6885 & 0.6900 as targets.

Comment: the upward potential is likely to be limited by the resistance at 0.6870.

  • 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: towards 107.85.

Pivot:107.35

Our preference: long positions above 107.35 with targets at 107.65 & 107.85 in extension.

Alternative scenario: below 107.35 look for further downside with 107.20 & 107.05 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: capped by a negative trend line.

Pivot:1498.00

Our preference: short positions below 1498.00 with targets at 1475.00 & 1468.00 in extension.

Alternative scenario: above 1498.00 look for further upside with 1505.00 & 1514.00 as targets.

Comment: the RSI is mixed to bearish.

  • 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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