TC FX Analysis

Date:2019/10/09 EUR/USD Intraday:key resistance at 1.0970.

EUR/USD Intraday:key resistance at 1.0970.

Pivot:1.0970

Our preference: short positions below 1.0970 with targets at 1.0950 & 1.0940 in extension.

Alternative scenario: above 1.0970 look for further upside with 1.0985 & 1.0995 as targets.

Comment: as long as the resistance at 1.0970 is not surpassed, the risk of the break below 1.0950 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:1.2245

Our preference: short positions below 1.2245 with targets at 1.2195 & 1.2180 in extension.

Alternative scenario: above 1.2245 look for further upside with 1.2280 & 1.2300 as targets.

Comment: as long as the resistance at 1.2245 is not surpassed, the risk of the break below 1.2195 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

AUD/USD Intraday:under pressure.

Pivot:0.6740

Our preference: short positions below 0.6740 with targets at 0.6715 & 0.6700 in extension.

Alternative scenario: above 0.6740 look for further upside with 0.6755 & 0.6765 as targets.

Comment: the break below 0.6740 is a negative signal that has opened a path to 0.6715.

  • 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: turning down.

Pivot:107.15

Our preference: short positions below 107.15 with targets at 106.80 & 106.65 in extension.

Alternative scenario: above 107.15 look for further upside with 107.30 & 107.45 as targets.

Comment: the RSI shows downside momentum.

  • 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:towards 1519.50.

Pivot:1498.00

Our preference: long positions above 1498.00 with targets at 1516.00 & 1519.50 in extension.

Alternative scenario: below 1498.00 look for further downside with 1492.50 & 1488.50 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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