TC FX Analysis

Date:2019/10/24 EUR/USD Intraday: bullish bias above 1.1120.

EUR/USD Intraday: bullish bias above 1.1120.

Pivot:1.1120

Our preference: long positions above 1.1120 with targets at 1.1140 & 1.1155 in extension.

Alternative scenario: below 1.1120 look for further downside with 1.1105 & 1.1085 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

GBP/USD Intraday: aim @ 1.2970.

Pivot:1.2875

Our preference: long positions above 1.2875 with targets at 1.2940 & 1.2970 in extension.

Alternative scenario: below 1.2875 look for further downside with 1.2840 & 1.2810 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

AUD/USD Intraday: turning down.

Pivot:0.6855

Our preference: short positions below 0.6855 with targets at 0.6835 & 0.6825 in extension.

Alternative scenario: above 0.6855 look for further upside with 0.6870 & 0.6880 as targets.

Comment: the RSI calls for a new downleg.

  • 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: turning down.

Pivot:108.70

Our preference: short positions below 108.70 with targets at 108.50 & 108.40 in extension.

Alternative scenario: above 108.70 look for further upside with 108.80 & 108.90 as targets.

Comment: the RSI calls for a new downleg.

  • 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:the bias remains bullish.

Pivot:1490.00

Our preference: long positions above 1490.00 with targets at 1496.00 & 1498.50 in extension.

Alternative scenario: below 1490.00 look for further downside with 1486.50 & 1484.00 as targets.

Comment: 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

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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