TC FX Analysis

Date:2019/10/18 EUR/USD Intraday:the upside prevails.

EUR/USD Intraday:the upside prevails.

Pivot:1.1105

Our preference: long positions above 1.1105 with targets at 1.1140 & 1.1160 in extension.

Alternative scenario: below 1.1105 look for further downside with 1.1085 & 1.1065 as targets.

Comment: the break above 1.1105 is a positive signal that has opened a path to 1.1140.

  • 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: continuation of the rebound.

Pivot:1.2835

Our preference: long positions above 1.2835 with targets at 1.2895 & 1.2930 in extension.

Alternative scenario: below 1.2835 look for further downside with 1.2800 & 1.2755 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:the bias remains bullish.

Pivot:0.6810

Our preference: long positions above 0.6810 with targets at 0.6835 & 0.6850 in extension.

Alternative scenario: below 0.6810 look for further downside with 0.6790 & 0.6770 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

USD/JPY Intraday: under pressure.

Pivot:108.70

Our preference: short positions below 108.70 with targets at 108.45 & 108.30 in extension.

Alternative scenario: above 108.70 look for further upside with 108.85 & 108.95 as targets.

Comment: as long as the resistance at 108.70 is not surpassed, the risk of the break below 108.45 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:watch 1500.00.

Pivot:1488.00

Our preference: long positions above 1488.00 with targets at 1497.00 & 1500.00 in extension.

Alternative scenario: below 1488.00 look for further downside with 1484.00 & 1481.00 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

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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