TC FX Analysis

Date:2019/10/03 EUR/USD Intraday: the upside prevails.

EUR/USD Intraday: the upside prevails.

Pivot:1.0940

Our preference:long positions above 1.0940 with targets at 1.0975 & 1.0990 in extension.

Alternative scenario:below 1.0940 look for further downside with 1.0920 & 1.0905 as targets.

Comment:the break above 1.0940 is a positive signal that has opened a path to 1.0975.

  • 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 1.2280.

Pivot:1.2280

Our preference: long positions above 1.2280 with targets at 1.2325 & 1.2340 in extension.

Alternative scenario:below 1.2280 look for further downside with 1.2260 & 1.2245 as targets.

Comment:a support base at 1.2280 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

AUD/USD Intraday: continuation of the rebound.

Pivot:0.6695

Our preference: long positions above 0.6695 with targets at 0.6720 & 0.6735 in extension.

Alternative scenario: below 0.6695 look for further downside with 0.6685 & 0.6670 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

USD/JPY Intraday: the downside prevails.

Pivot:107.50

Our preference: short positions below 107.50 with targets at 107.00 & 106.70 in extension.

Alternative scenario: above 107.50 look for further upside with 107.70 & 107.90 as targets.

Comment: a break below 107.00 would trigger a drop towards 106.70.

  • 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 upside prevails.

Pivot:1491.00

Our preference: long positions above 1491.00 with targets at 1505.00 & 1511.00 in extension.

Alternative scenario: below 1491.00 look for further downside with 1487.00 & 1482.00 as targets.

Comment: the RSI is bullish and calls for further advance.

  • 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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