TC FX Analysis

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

EUR/USD Intraday: under pressure.

Pivot:1.1030

Our preference: short positions below 1.1030 with targets at 1.1010 & 1.1000 in extension.

Alternative scenario: above 1.1030 look for further upside with 1.1045 & 1.1055 as targets.

Comment: as long as the resistance at 1.1030 is not surpassed, the risk of the break below 1.1010 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

GBP/USD Intraday: key resistance at 1.2805.

Pivot:1.2805

Our preference: short positions below 1.2805 with targets at 1.2780 & 1.2765 in extension.

Alternative scenario: above 1.2805 look for further upside with 1.2820 & 1.2835 as targets.

Comment: as long as the resistance at 1.2805 is not surpassed, the risk of the break below 1.2780 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: key resistance at 0.6870.

Pivot:0.6870

short positions below 0.6870 with targets at 0.6845 & 0.6830 in extension.

above 0.6870 look for further upside with 0.6885 & 0.6900 as targets.

Comment: as long as the resistance at 0.6870 is not surpassed, the risk of the break below 0.6845 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: rebound expected.

Pivot:109.05

Our preference: long positions above 109.05 with targets at 109.35 & 109.50 in extension.

Alternative scenario: below 109.05 look for further downside with 108.90 & 108.80 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

Gold spot Intraday:the downside prevails.

Pivot:1468.00

Our preference: short positions below 1468.00 with targets at 1456.00 & 1448.00 in extension.

Alternative scenario: above 1468.00 look for further upside with 1473.00 & 1480.00 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

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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