TC FX Analysis

Date:2019/10/28 EUR/USD Intraday: the downside prevails.

EUR/USD Intraday: the downside prevails.

Pivot:1.1095

Our preference: short positions below 1.1095 with targets at 1.1070 & 1.1055 in extension.

Alternative scenario: above 1.1095 look for further upside with 1.1105 & 1.1120 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

GBP/USD Intraday: key resistance at 1.2845.

Pivot:1.2845

Our preference: short positions below 1.2845 with targets at 1.2810 & 1.2790 in extension.

Alternative scenario: above 1.2845 look for further upside with 1.2865 & 1.2880 as targets.

Comment: the RSI is below 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

AUD/USD Intraday: key resistance at 0.6835.

Pivot:0.6835

Our preference: short positions below 0.6835 with targets at 0.6810 & 0.6800 in extension.

Alternative scenario: above 0.6835 look for further upside with 0.6845 & 0.6855 as targets.

Comment: as long as the resistance at 0.6835 is not surpassed, the risk of the break below 0.6810 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

USD/JPY Intraday: bullish bias above 108.50.

Pivot:108.50

Our preference: long positions above 108.50 with targets at 108.80 & 108.95 in extension.

Alternative scenario: below 108.50 look for further downside with 108.40 & 108.25 as targets.

Comment: the RSI calls for a bounce.

  • 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:consolidation in place.

Pivot:1509.00

Our preference: short positions below 1509.00 with targets at 1500.00 & 1496.00 in extension.

Alternative scenario: above 1509.00 look for further upside with 1514.00 & 1518.00 as targets.

Comment: the RSI is mixed to bearish.

  • 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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