TC FX Analysis

Date:2019/10/02 EUR/USD Intraday:the upside prevails.

EUR/USD Intraday:the upside prevails.

Pivot:1.0915

Our preference: long positions above 1.0915 with targets at 1.0945 & 1.0960 in extension.

Alternative scenario: below 1.0915 look for further downside with 1.0895 & 1.0880 as targets.

Comment: the break above 1.0915 is a positive signal that has opened a path to 1.0945.

  • 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 1.2265.

Pivot:1.2265

Our preference: long positions above 1.2265 with targets at 1.2310 & 1.2340 in extension.

Alternative scenario: below 1.2265 look for further downside with 1.2235 & 1.2205 as targets.

Comment: technically the RSI is above its neutrality area at 50.

  • 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:rebound expected.

Pivot:0.6690

Our preference: long positions above 0.6690 with targets at 0.6720 & 0.6730 in extension.

Alternative scenario: below 0.6690 look for further downside with 0.6680 & 0.6670 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

USD/JPY Intraday: 107.40 expected.

Pivot:107.95

Our preference: short positions below 107.95 with targets at 107.60 & 107.40 in extension.

Alternative scenario: above 107.95 look for further upside with 108.15 & 108.40 as targets.

Comment: a break below 107.60 would trigger a drop towards 107.40.

  • 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:continuation of the rebound

Pivot:1474.00

Our preference: long positions above 1474.00 with targets at 1487.00 & 1493.00 in extension.

Alternative scenario: below 1474.00 look for further downside with 1470.00 & 1464.00 as targets.

Comment: the RSI advocates 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

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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