TC FX Analysis

Date:2019/10/15 EUR/USD Intraday:rebound expected.

EUR/USD Intraday:rebound expected.

Pivot:1.1015

Our preference: long positions above 1.1015 with targets at 1.1040 & 1.1060 in extension.

Alternative scenario: below 1.1015 look for further downside with 1.1000 & 1.0985 as targets.

Comment: a support base at 1.1015 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

GBP/USD Intraday: watch 1.2700.

Pivot:1.2545

Our preference: long positions above 1.2545 with targets at 1.2645 & 1.2700 in extension.

Alternative scenario: below 1.2545 look for further downside with 1.2495 & 1.2445 as targets.

Comment: the RSI advocates for further upside.

  • 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:continuation of the rebound.

Pivot:0.6760

Our preference: long positions above 0.6760 with targets at 0.6785 & 0.6800 in extension.

Alternative scenario: below 0.6760 look for further downside with 0.6745 & 0.6730 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

USD/JPY Intraday: continuation of the rebound.

Pivot:108.25

Our preference: long positions above 108.25 with targets at 108.50 & 108.65 in extension.

Alternative scenario: below 108.25 look for further downside with 108.05 & 107.85 as targets.

Comment: the RSI has just landed on its neutrality area at 50% and is turning up.

  • 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:bullish bias above 1485.50.

Pivot:1485.50

Our preference: long positions above 1485.50 with targets at 1498.00 & 1503.00 in extension.

Alternative scenario: below 1485.50 look for further downside with 1479.00 & 1474.00 as targets.

Comment: the RSI is mixed with a bullish bias.

  • 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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