TC FX Analysis

Date:2019/10/17 EUR/USD Intraday:continuation of the rebound.

EUR/USD Intraday:continuation of the rebound.

Pivot:1.1060

Our preference: long positions above 1.1060 with targets at 1.1085 & 1.1100 in extension.

Alternative scenario: below 1.1060 look for further downside with 1.1040 & 1.1020 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: bullish bias above 1.2785.

Pivot:1.2785

Our preference: long positions above 1.2785 with targets at 1.2870 & 1.2900 in extension.

Alternative scenario: below 1.2785 look for further downside with 1.2740 & 1.2695 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:target 0.6775.

Pivot:0.6745

Our preference: long positions above 0.6745 with targets at 0.6765 & 0.6775 in extension.

Alternative scenario: below 0.6745 look for further downside with 0.6730 & 0.6720 as targets.

Comment: technically the RSI is above its neutrality area at 50.

  • 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: key resistance at 108.80.

Pivot:108.80

Our preference: short positions below 108.80 with targets at 108.60 & 108.45 in extension.

Alternative scenario: above 108.80 look for further upside with 108.90 & 109.00 as targets.

Comment: as long as the resistance at 108.80 is not surpassed, the risk of the break below 108.60 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

Gold spot Intraday:continuation of the rebound.

Pivot:1483.00

Our preference: long positions above 1483.00 with targets at 1497.00 & 1503.00 in extension.

Alternative scenario: below 1483.00 look for further downside with 1478.00 & 1474.00 as targets.

Comment: the RSI calls for a rebound.

  • 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.

Revisit Appointment

  • Our service time is 09:00-22:00,
    Monday to Friday (GMT+8)

User experience score