TC FX Analysis

Date:2019/10/30 EUR/USD Intraday: look for 1.1135.

EUR/USD Intraday: look for 1.1135.

Pivot:1.1095

Our preference: long positions above 1.1095 with targets at 1.1120 & 1.1135 in extension.

Alternative scenario: below 1.1095 look for further downside with 1.1080 & 1.1070 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: rebound expected.

Pivot:1.2840

Our preference: long positions above 1.2840 with targets at 1.2890 & 1.2905 in extension.

Alternative scenario: below 1.2840 look for further downside with 1.2820 & 1.2805 as targets.

Comment: a support base at 1.2840 has formed and has allowed for a temporary stabilisation.

  • 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: supported by a rising trend line.

Pivot:0.6845

Our preference: long positions above 0.6845 with targets at 0.6870 & 0.6885 in extension.

Alternative scenario: below 0.6845 look for further downside with 0.6830 & 0.6820 as targets.

Comment: a support base at 0.6845 has formed and has allowed for a temporary stabilisation.

  • 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: consolidation in place.

Pivot:109.00

Our preference: short positions below 109.00 with targets at 108.75 & 108.65 in extension.

Alternative scenario: above 109.00 look for further upside with 109.10 & 109.25 as targets.

Comment: the RSI is mixed with a bearish bias.

  • 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: under pressure.

Pivot:1492.50

Our preference: short positions below 1492.50 with targets at 1483.50 & 1479.00 in extension.

Alternative scenario: above 1492.50 look for further upside with 1497.00 & 1500.50 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

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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