TC FX Analysis

Date:2019/10/10 EUR/USD Intraday:further advance.

EUR/USD Intraday:further advance.

Pivot:1.0970

Our preference: long positions above 1.0970 with targets at 1.1000 & 1.1015 in extension.

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

GBP/USD Intraday: key resistance at 1.2235.

Pivot:1.2235

Our preference: short positions below 1.2235 with targets at 1.2195 & 1.2175 in extension.

Alternative scenario: above 1.2235 look for further upside with 1.2270 & 1.2290 as targets.

Comment: as long as the resistance at 1.2235 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:turning down.

Pivot:0.6735

Our preference: short positions below 0.6735 with targets at 0.6705 & 0.6690 in extension.

Alternative scenario: above 0.6735 look for further upside with 0.6750 & 0.6765 as targets.

Comment: as long as the resistance at 0.6735 is not surpassed, the risk of the break below 0.6705 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

USD/JPY Intraday: turning down.

Pivot:107.40

Our preference: short positions below 107.40 with targets at 107.00 & 106.80 in extension.

Alternative scenario: above 107.40 look for further upside with 107.60 & 107.80 as targets.

Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

  • 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:aim @ 1528.00.

Pivot:1504.00

Our preference: long positions above 1504.00 with targets at 1519.50 & 1528.00 in extension.

Alternative scenario: below 1504.00 look for further downside with 1499.50 & 1495.50 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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