TC FX Analysis

Date:2019/10/31 EUR/USD Intraday: further advance.

EUR/USD Intraday: further advance.

Pivot:1.1125

Our preference: long positions above 1.1125 with targets at 1.1180 & 1.1195 in extension.

Alternative scenario: below 1.1125 look for further downside with 1.1105 & 1.1090 as targets.

Comment: the break above the resistance at 1.1125 triggered an upward acceleration to 1.1180.

  • 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: further advance.

Pivot:1.2875

Our preference: long positions above 1.2875 with targets at 1.2920 & 1.2950 in extension.

Alternative scenario: below 1.2875 look for further downside with 1.2860 & 1.2840 as targets.

Comment: the RSI shows upside 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: further advance.

Pivot:0.6875

Our preference: long positions above 0.6875 with targets at 0.6930 & 0.6945 in extension.

Alternative scenario: below 0.6875 look for further downside with 0.6855 & 0.6845 as targets.

Comment: the break above the resistance at 0.6875 triggered an upward acceleration to 0.6930.

  • 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: choppy.

Pivot:109.00

Our preference: short positions below 109.00 with targets at 108.70 & 108.60 in extension.

Alternative scenario: above 109.00 look for further upside with 109.15 & 109.30 as targets.

Comment: the RSI lacks momentum.

  • 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:1508.00 in sight.

Pivot:1488.00

Our preference: long positions above 1488.00 with targets at 1500.50 & 1508.00 in extension.

Alternative scenario: below 1488.00 look for further downside with 1481.00 & 1477.00 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

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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