TC FX Analysis

Date:2019/10/11 EUR/USD Intraday:watch 1.0985.

EUR/USD Intraday:watch 1.0985.

Pivot:1.1020

Our preference: short positions below 1.1020 with targets at 1.1000 & 1.0985 in extension.

Alternative scenario: above 1.1020 look for further upside with 1.1035 & 1.1055 as targets.

Comment: the RSI is bearish and calls for further downside.

  • 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 1.2400.

Pivot:1.2400

Our preference: long positions above 1.2400 with targets at 1.2465 & 1.2500 in extension.

Alternative scenario: below 1.2400 look for further downside with 1.2370 & 1.2330 as targets.

Comment: even though a continuation of the consolidation 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

AUD/USD Intraday:bullish bias above 0.6750.

Pivot:0.6750

Our preference: long positions above 0.6750 with targets at 0.6775 & 0.6790 in extension.

Alternative scenario: below 0.6750 look for further downside with 0.6740 & 0.6730 as targets.

Comment: a support base at 0.6750 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: the upside prevails.

Pivot:107.70

Our preference: long positions above 107.70 with targets at 108.00 & 108.20 in extension.

Alternative scenario: below 107.70 look for further downside with 107.55 & 107.35 as targets.

Comment: the break above 107.70 is a positive signal that has opened a path to 108.00.

  • 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 1486.50.

Pivot:1499.50

Our preference: short positions below 1499.50 with targets at 1490.00 & 1486.50 in extension

Alternative scenario: above 1499.50 look for further upside with 1504.00 & 1509.50 as targets.

Comment: the RSI is mixed to bearish.

  • 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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