TC FX Analysis

Date:2019/10/07 EUR/USD Intraday: watch 1.1000.

EUR/USD Intraday: watch 1.1000.

Pivot:1.0970

Our preference:long positions above 1.0970 with targets at 1.0990 & 1.1000 in extension.

Alternative scenario:below 1.0970 look for further downside with 1.0955 & 1.0940 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

GBP/USD Intraday: the upside prevails.

Pivot:1.2310

Our preference: long positions above 1.2310 with targets at 1.2355 & 1.2385 in extension.

Alternative scenario:below 1.2310 look for further downside with 1.2285 & 1.2265 as targets.

Comment:the RSI shows upside 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: bullish bias above 0.6745.

Pivot:0.6745

Our preference: long positions above 0.6745 with targets at 0.6775 & 0.6790 in extension.

Alternative scenario: below 0.6745 look for further downside with 0.6735 & 0.6720 as targets.

Comment:a support base at 0.6745 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

USD/JPY Intraday: under pressure.

Pivot:107.00

Our preference: short positions below 107.00 with targets at 106.55 & 106.45 in extension.

Alternative scenario: above 107.00 look for further upside with 107.15 & 107.30 as targets.

Comment: as long as the resistance at 107.00 is not surpassed, the risk of the break below 106.55 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

Gold spot Intraday: target 1519.50.

Pivot:1498.00

Our preference: long positions above 1498.00 with targets at 1512.50 & 1519.50 in extension.

Alternative scenario: below 1498.00 look for further downside with 1493.00 & 1486.00 as targets.

Comment: the RSI lacks downward momentum.

  • 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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