TC FX Analysis

Date:2019/10/29 EUR/USD Intraday: rebound expected.

EUR/USD Intraday: rebound expected.

Pivot:1.1085

Our preference: long positions above 1.1085 with targets at 1.1105 & 1.1120 in extension.

Alternative scenario: below 1.1085 look for further downside with 1.1070 & 1.1060 as targets.

Comment: the RSI is mixed to bullish.

  • 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: 1.2915 expected.

Pivot:1.2825

Our preference: long positions above 1.2825 with targets at 1.2880 & 1.2915 in extension.

Alternative scenario: below 1.2825 look for further downside with 1.2810 & 1.2790 as targets.

Comment: the RSI is mixed with a bullish bias.

  • 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: continuation of the rebound.

Pivot:0.6825

Our preference: long positions above 0.6825 with targets at 0.6855 & 0.6865 in extension.

Alternative scenario: below 0.6825 look for further downside with 0.6815 & 0.6805 as targets.

Comment: the RSI advocates for further advance.

  • 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: look for 109.25.

Pivot:108.80

Our preference: long positions above 108.80 with targets at 109.10 & 109.25 in extension.

Alternative scenario: below 108.80 look for further downside with 108.65 & 108.50 as targets.

Comment: the RSI is mixed to bullish.

  • 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 downside prevails.

Pivot:1499.00

Our preference: short positions below 1499.00 with targets at 1488.00 & 1482.50 in extension.

Alternative scenario: above 1499.00 look for further upside with 1502.50 & 1507.00 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

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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