TC FX Analysis

Date:2019/11/08 EUR/USD Intraday: under pressure.

EUR/USD Intraday: under pressure.

Pivot:1.1065

Our preference: short positions below 1.1065 with targets at 1.1035 & 1.1015 in extension.

Alternative scenario: above 1.1065 look for further upside with 1.1090 & 1.1110 as targets.

Comment: the RSI has just struck against its neutrality area at 50% and is reversing down.

  • 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 1.2835.

Pivot:1.2835

Our preference: short positions below 1.2835 with targets at 1.2790 & 1.2775 in extension.

Alternative scenario: above 1.2835 look for further upside with 1.2860 & 1.2875 as targets.

Comment: as long as the resistance at 1.2835 is not surpassed, the risk of the break below 1.2790 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: range.

Pivot:0.6880

Our preference: long positions above 0.6880 with targets at 0.6915 & 0.6930 in extension.

Alternative scenario: below 0.6880 look for further downside with 0.6870 & 0.6860 as targets.

Comment: the RSI is above its neutrality area at 50%.

  • 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:target 109.75.

Pivot:109.10

Our preference: long positions above 109.10 with targets at 109.50 & 109.75 in extension.

Alternative scenario: below 109.10 look for further downside with 108.90 & 108.65 as targets.

Comment: the RSI is bullish and calls 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:key resistance at 1479.00.

Pivot:1479.00

Our preference: short positions below 1479.00 with targets at 1460.00 & 1452.00 in extension.

Alternative scenario: above 1479.00 look for further upside with 1488.00 & 1494.00 as targets.

Comment: as long as the resistance at 1479.00 is not surpassed, the risk of the break below 1460.00 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

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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