TC FX Analysis

Date:2019/10/14 EUR/USD Intraday:towards 1.1000.

EUR/USD Intraday:towards 1.1000.

Pivot:1.1045

Our preference: short positions below 1.1045 with targets at 1.1020 & 1.1000 in extension.

Alternative scenario: above 1.1045 look for further upside with 1.1060 & 1.1075 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: turning down.

Pivot:1.2660

Our preference: short positions below 1.2660 with targets at 1.2585 & 1.2540 in extension.

Alternative scenario: above 1.2660 look for further upside with 1.2705 & 1.2740 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

AUD/USD Intraday:key resistance at 0.6800.

Pivot:0.6800

Our preference: short positions below 0.6800 with targets at 0.6780 & 0.6770 in extension.

Alternative scenario: above 0.6800 look for further upside with 0.6810 & 0.6820 as targets.

Comment: the upward potential is likely to be limited by the resistance at 0.6800.

  • 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: 108.85 expected.

Pivot:108.25

Our preference: long positions above 108.25 with targets at 108.60 & 108.85 in extension.

Alternative scenario: below 108.25 look for further downside with 108.00 & 107.80 as targets.

Comment: a support base at 108.25 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

Gold spot Intraday:1474.00 expected.

Pivot:1491.00

Our preference: short positions below 1491.00 with targets at 1479.00 & 1474.00 in extension.

Alternative scenario: above 1491.00 look for further upside with 1498.00 & 1503.00 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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