TC FX Analysis

Date:2019/10/23 EUR/USD Intraday: under pressure.

EUR/USD Intraday: under pressure.

Pivot:1.1145

Our preference: short positions below 1.1145 with targets at 1.1115 & 1.1100 in extension.

Alternative scenario: above 1.1145 look for further upside with 1.1160 & 1.1180 as targets.

Comment: as long as the resistance at 1.1145 is not surpassed, the risk of the break below 1.1115 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

GBP/USD Intraday: watch 1.2825.

Pivot:1.2930

Our preference: short positions below 1.2930 with targets at 1.2860 & 1.2825 in extension.

Alternative scenario: above 1.2930 look for further upside with 1.2965 & 1.2985 as targets.

Comment: a break below 1.2860 would trigger a drop towards 1.2825.

  • 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 downside prevails.

Pivot:0.6870

Our preference: short positions below 0.6870 with targets at 0.6845 & 0.6830 in extension.

Alternative scenario: above 0.6870 look for further upside with 0.6880 & 0.6895 as targets.

Comment: a break below 0.6845 would trigger a drop towards 0.6830.

  • 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: capped by a negative trend line.

Pivot:108.60

Our preference: short positions below 108.60 with targets at 108.30 & 108.15 in extension.

Alternative scenario: above 108.60 look for further upside with 108.70 & 108.85 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

Gold spot Intraday:rebound expected.

Pivot:1483.00

Our preference: long positions above 1483.00 with targets at 1495.00 & 1498.50 in extension.

Alternative scenario: below 1483.00 look for further downside with 1480.50 & 1478.00 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

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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