TC FX Analysis

Date:2019/9/12 EUR/USD Intraday: key resistance at 1.1020.

EUR/USD Intraday: key resistance at 1.1020.

Pivot:1.1020

Our preference: short positions below 1.1020 with targets at 1.1000 & 1.0985 in extension.

Alternative scenario: above 1.1020 look for further upside with 1.1035 & 1.1055 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1.1020.

  • 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 1.2350.

Pivot:1.2350

Our preference: short positions below 1.2350 with targets at 1.2310 & 1.2290 in extension

Alternative scenario: above 1.2350 look for further upside with 1.2375 & 1.2400 as targets.

Comment: as long as the resistance at 1.2350 is not surpassed, the risk of the break below 1.2310 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

AUD/USD Intraday: the upside prevails.

Pivot:0.6855

Our preference: long positions above 0.6855 with targets at 0.6885 & 0.6900 in extension.

Alternative scenario: below 0.6855 look for further downside with 0.6845 & 0.6835 as targets.

Comment: the RSI calls for a rebound.

  • 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 advance.

Pivot:107.65

Our preference: long positions above 107.65 with targets at 108.25 & 108.50 in extension.

Alternative scenario: below 107.65 look for further downside with 107.45 & 107.20 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: range.

Pivot:1501.00

Our preference: short positions below 1501.00 with targets at 1485.00 & 1479.50 in extension

Alternative scenario: above 1501.00 look for further upside with 1505.00 & 1510.00 as targets.

Comment: as long as 1501.00 is resistance, look for choppy price action with a bearish bias.

  • 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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