TC FX Analysis

Date:2019/11/04 EUR/USD Intraday: target 1.1190.

EUR/USD Intraday: target 1.1190.

Pivot:1.1145

Our preference: long positions above 1.1145 with targets at 1.1175 & 1.1190 in extension.

Alternative scenario: below 1.1145 look for further downside with 1.1130 & 1.1115 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

GBP/USD Intraday: towards 1.2905.

Pivot:1.2975

Our preference: short positions below 1.2975 with targets at 1.2920 & 1.2905 in extension.

Alternative scenario: above 1.2975 look for further upside with 1.2990 & 1.3010 as targets.

Comment: the RSI calls for a new downleg.

  • 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: the upside prevails.

Pivot:0.6890

Our preference: long positions above 0.6890 with targets at 0.6930 & 0.6940 in extension.

Alternative scenario: below 0.6890 look for further downside with 0.6880 & 0.6865 as targets.

Comment: the RSI calls for a new upleg.

  • 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:continuation of the rebound.

Pivot:108.05

Our preference: long positions above 108.05 with targets at 108.30 & 108.45 in extension.

Alternative scenario: below 108.05 look for further downside with 107.90 & 107.75 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

Gold spot Intraday:towards 1519.50.

Pivot:1507.00

Our preference: long positions above 1507.00 with targets at 1516.00 & 1519.50 in extension.

Alternative scenario: below 1507.00 look for further downside with 1503.00 & 1499.50 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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