TC FX Analysis

Date:2019/10/04 EUR/USD Intraday: rebound expected.

EUR/USD Intraday: rebound expected.

Pivot:1.0960

Our preference:long positions above 1.0960 with targets at 1.0980 & 1.1000 in extension.

Alternative scenario:below 1.0960 look for further downside with 1.0940 & 1.0925 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

GBP/USD Intraday: under pressure.

Pivot:1.2355

Our preference: short positions below 1.2355 with targets at 1.2315 & 1.2285 in extension.

Alternative scenario:above 1.2355 look for further upside with 1.2375 & 1.2410 as targets.

Comment:the break below 1.2355 is a negative signal that has opened a path to 1.2315.

  • 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: further upside.

Pivot:0.6725

Our preference: long positions above 0.6725 with targets at 0.6755 & 0.6765 in extension.

Alternative scenario: below 0.6725 look for further downside with 0.6710 & 0.6700 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

USD/JPY Intraday: key resistance at 107.05.

Pivot:107.05

Our preference: short positions below 107.05 with targets at 106.65 & 106.45 in extension.

Alternative scenario: above 107.05 look for further upside with 107.30 & 107.55 as targets.

Comment: the upward potential is likely to be limited by the resistance at 107.05.

  • 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: supported by a rising trend line.

Pivot:1503.00

Our preference: long positions above 1503.00 with targets at 1514.00 & 1519.50 in extension.

Alternative scenario: below 1503.00 look for further downside with 1496.00 & 1491.00 as targets.

Comment: the RSI advocates 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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