TC FX Analysis

Date:2019/11/18 EUR/USD Intraday:watch 1.1075.

EUR/USD Intraday:watch 1.1075.

Pivot:1.1040

Our preference: long positions above 1.1040 with targets at 1.1065 & 1.1075 in extension.

Alternative scenario: below 1.1040 look for further downside with 1.1030 & 1.1015 as targets.

Comment: the RSI lacks downward momentum.

  • 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: the upside prevails.

Pivot:1.2895

Our preference: long positions above 1.2895 with targets at 1.2940 & 1.2960 in extension.

Alternative scenario: below 1.2895 look for further downside with 1.2865 & 1.2845 as targets.

Comment: the break above 1.2895 is a positive signal that has opened a path to 1.2940.

  • 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:0.6830 expected.

Pivot:0.6805

Our preference: long positions above 0.6805 with targets at 0.6820 & 0.6830 in extension.

Alternative scenario: below 0.6805 look for further downside with 0.6795 & 0.6780 as targets.

Comment: a support base at 0.6805 has formed and has allowed for a temporary stabilisation.

  • 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:turning down.

Pivot:108.85

Our preference: short positions below 108.85 with targets at 108.60 & 108.45 in extension.

Alternative scenario: above 108.85 look for further upside with 109.00 & 109.15 as targets.

Comment: the immediate trend remains down and the momentum is strong.

  • 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:rebound.

Pivot:1466.00

Our preference: long positions above 1466.00 with targets at 1470.00 & 1474.00 in extension.

Alternative scenario: below 1466.00 look for further downside with 1463.00 & 1460.50 as targets.

Comment: the RSI advocates 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

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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