TC FX Analysis

Date:2019/11/05 EUR/USD Intraday: the downside prevails.

EUR/USD Intraday: the downside prevails.

Pivot:1.1145

Our preference: short positions below 1.1145 with targets at 1.1115 & 1.1100 in extension.

Alternative scenario: above 1.1145 look for further upside with 1.1155 & 1.1165 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

GBP/USD Intraday: key resistance at 1.2905.

Pivot:1.2905

Our preference: short positions below 1.2905 with targets at 1.2875 & 1.2860 in extension.

Alternative scenario: above 1.2905 look for further upside with 1.2925 & 1.2940 as targets.

Comment: the RSI is mixed to bearish.

  • 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: key resistance at 0.6905.

Pivot:0.6905

Our preference: short positions below 0.6905 with targets at 0.6875 & 0.6850 in extension.

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

Comment: as long as the resistance at 0.6905 is not surpassed, the risk of the break below 0.6875 remains high.

  • 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: the upside prevails.

Pivot:108.50

Our preference: long positions above 108.50 with targets at 108.90 & 109.05 in extension.

Alternative scenario: below 108.50 look for further downside with 108.30 & 108.15 as targets.

Comment: the RSI advocates for further upside.

  • 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:capped by a negative trend line.

Pivot:1512.00

Our preference: short positions below 1512.00 with targets at 1503.00 & 1499.50 in extension.

Alternative scenario: above 1512.00 look for further upside with 1516.00 & 1519.50 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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