TC FX Analysis

Date:2019/10/25 EUR/USD Intraday: under pressure.

EUR/USD Intraday: under pressure.

Pivot:1.1120

Our preference: short positions below 1.1120 with targets at 1.1090 & 1.1080 in extension.

Alternative scenario: above 1.1120 look for further upside with 1.1135 & 1.1150 as targets.

Comment: the RSI lacks upward momentum.

  • 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: under pressure.

Pivot:1.2880

Our preference: short positions below 1.2880 with targets at 1.2810 & 1.2785 in extension.

Alternative scenario: above 1.2880 look for further upside with 1.2915 & 1.2945 as targets.

Comment: as long as the resistance at 1.2880 is not surpassed, the risk of the break below 1.2810 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

AUD/USD Intraday: the downside prevails.

Pivot:0.6830

Our preference: short positions below 0.6830 with targets at 0.6800 & 0.6790 in extension.

Alternative scenario: above 0.6830 look for further upside with 0.6845 & 0.6860 as targets.

Comment: the break below 0.6830 is a negative signal that has opened a path to 0.6800.

  • 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: caution.

Pivot:108.65

Our preference: short positions below 108.65 with targets at 108.55 & 108.45 in extension.

Alternative scenario: above 108.65 look for further upside with 108.75 & 108.85 as targets.

Comment: the upward potential is likely to be limited by the resistance at 108.65.

  • 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:bullish bias above 1496.00.

Pivot:1496.00

Our preference: long positions above 1496.00 with targets at 1507.00 & 1511.00 in extension.

Alternative scenario: below 1496.00 look for further downside with 1493.50 & 1490.50 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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