TC FX Analysis

Date:2019/11/12 EUR/USD Intraday: further advance.

EUR/USD Intraday: further advance.

Pivot:1.1015

Our preference: long positions above 1.1015 with targets at 1.1045 & 1.1055 in extension.

Alternative scenario: below 1.1015 look for further downside with 1.1000 & 1.0990 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

GBP/USD Intraday:bullish bias above 1.2830.

Pivot:1.2830

Our preference: long positions above 1.2830 with targets at 1.2875 & 1.2900 in extension.

Alternative scenario: below 1.2830 look for further downside with 1.2805 & 1.2785 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

  • 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 0.6830.

Pivot:0.6860

Our preference: short positions below 0.6860 with targets at 0.6840 & 0.6830 in extension.

Alternative scenario: above 0.6860 look for further upside with 0.6870 & 0.6885 as targets.

Comment: a break below 0.6840 would trigger a drop towards 0.6830.

  • 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:108.90

Our preference: long positions above 108.90 with targets at 109.10 & 109.25 in extension.

Alternative scenario: below 108.90 look for further downside with 108.75 & 108.60 as targets.

Comment: technically 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

Gold spot Intraday:key resistance at 1460.00.

Pivot:1460.00

Our preference: short positions below 1460.00 with targets at 1452.00 & 1448.00 in extension.

Alternative scenario: above 1460.00 look for further upside with 1463.00 & 1466.00 as targets.

Comment: the RSI is below 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

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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