TC FX Analysis

Date:2019/10/16 EUR/USD Intraday:continuation of the rebound.

EUR/USD Intraday:continuation of the rebound.

Pivot:1.1015

Our preference: long positions above 1.1015 with targets at 1.1045 & 1.1065 in extension.

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

Comment: the RSI is bullish and calls 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

GBP/USD Intraday: further upside.

Pivot:1.2695

Our preference: long positions above 1.2695 with targets at 1.2845 & 1.2900 in extension.

Alternative scenario: below 1.2695 look for further downside with 1.2620 & 1.2550 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

AUD/USD Intraday:under pressure.

Pivot:0.6765

Our preference: short positions below 0.6765 with targets at 0.6740 & 0.6725 in extension.

Alternative scenario: above 0.6765 look for further upside with 0.6780 & 0.6790 as targets.

Comment: as long as 0.6765 is resistance, likely decline to 0.6740.

  • 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:108.60

Our preference: long positions above 108.60 with targets at 109.00 & 109.30 in extension.

Alternative scenario: below 108.60 look for further downside with 108.40 & 108.10 as targets.

Comment: the break above 108.60 is a positive signal that has opened a path to 109.00.

  • 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:target 1469.00.

Pivot:1488.50

Our preference: short positions below 1488.50 with targets at 1475.50 & 1469.00 in extension.

Alternative scenario: above 1488.50 look for further upside with 1497.00 & 1503.00 as targets.

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

  • 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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