TC FX Analysis

Date:2019/11/06 EUR/USD Intraday: the downside prevails.

EUR/USD Intraday: the downside prevails.

Pivot:1.1085

Our preference: short positions below 1.1085 with targets at 1.1055 & 1.1040 in extension.

Alternative scenario: above 1.1085 look for further upside with 1.1100 & 1.1115 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

GBP/USD Intraday: 1.2840 expected.

Pivot:1.2900

Our preference: short positions below 1.2900 with targets at 1.2860 & 1.2840 in extension.

Alternative scenario: above 1.2900 look for further upside with 1.2920 & 1.2940 as targets.

Comment: as long as the resistance at 1.2900 is not surpassed, the risk of the break below 1.2860 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

AUD/USD Intraday:towards 0.6860.

Pivot:0.6905

Our preference: short positions below 0.6905 with targets at 0.6875 & 0.6860 in extension.

Alternative scenario: above 0.6905 look for further upside with 0.6915 & 0.6925 as targets.

Comment: the RSI advocates 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

USD/JPY Intraday:supported by a rising trend line.

Pivot:108.95

Our preference: long positions above 108.95 with targets at 109.30 & 109.45 in extension.

Alternative scenario: below 108.95 look for further downside with 108.80 & 108.65 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

Gold spot Intraday:key resistance at 1490.00.

Pivot:1490.00

Our preference: short positions below 1490.00 with targets at 1479.00 & 1474.00 in extension.

Alternative scenario: above 1490.00 look for further upside with 1495.00 & 1499.50 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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