TC FX Analysis

Date:2019/11/01 EUR/USD Intraday: consolidation in place.

EUR/USD Intraday: consolidation in place.

Pivot:1.1165

Our preference: short positions below 1.1165 with targets at 1.1130 & 1.1115 in extension.

Alternative scenario: above 1.1165 look for further upside with 1.1175 & 1.1900 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

GBP/USD Intraday: the bias remains bullish.

Pivot:1.2920

Our preference: long positions above 1.2920 with targets at 1.2955 & 1.2975 in extension

Alternative scenario: below 1.2920 look for further downside with 1.2890 & 1.2860 as targets.

Comment: the RSI has just landed on its neutrality area at 50% and is turning up.

  • 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: target 0.6850.

Pivot:0.6905

Our preference: short positions below 0.6905 with targets at 0.6865 & 0.6850 in extension.

Alternative scenario: above 0.6905 look for further upside with 0.6915 & 0.6930 as targets.

Comment: the RSI calls for a drop.

  • 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: under pressure.

Pivot:108.20

Our preference: short positions below 108.20 with targets at 107.85 & 107.70 in extension.

Alternative scenario: above 108.20 look for further upside with 108.35 & 108.50 as targets.

Comment: the RSI is bearish and calls for further decline.

  • 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:look for 1523.00.

Pivot:1505.50

Our preference: long positions above 1505.50 with targets at 1518.00 & 1523.00 in extension.

Alternative scenario: below 1505.50 look for further downside with 1499.50 & 1493.50 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

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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