TC FX Analysis

Date:2019/10/01 EUR/USD Intraday: under pressure. Pivot:1.0915

EUR/USD Intraday: under pressure.

Pivot:1.0915

Our preference: short positions below 1.0915 with targets at 1.0885 & 1.0875 in extension.

Alternative scenario: above 1.0915 look for further upside with 1.0930 & 1.0945 as targets.

Comment: as long as the resistance at 1.0915 is not surpassed, the risk of the break below 1.0885 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

GBP/USD Intraday: under pressure.

Pivot:1.2305

Our preference: short positions below 1.2305 with targets at 1.2275 & 1.2255 in extension.

Alternative scenario: above 1.2305 look for further upside with 1.2325 & 1.2345 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: key resistance at 0.6765.

Pivot:0.6765

Our preference: short positions below 0.6765 with targets at 0.6735 & 0.6725 in extension.

Alternative scenario: above 0.6765 look for further upside with 0.6780 & 0.6795 as targets.

Comment: as long as 0.6765 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

USD/JPY Intraday: the upside prevails.

Pivot:107.95

Our preference: long positions above 107.95 with targets at 108.20 & 108.45 in extension.

Alternative scenario: below 107.95 look for further downside with 107.75 & 107.60 as targets.

Comment: the break above 107.95 is a positive signal that has opened a path to 108.20.

  • 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:1483.00

Our preference: short positions below 1483.00 with targets at 1464.00 & 1459.00 in extension.

Alternative scenario: above 1483.00 look for further upside with 1489.00 & 1494.00 as targets.

Comment: the RSI calls for a new downleg.

  • 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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