TC FX Analysis

Date:2019/11/20 EUR/USD Intraday: bullish bias above 1.1065.

EUR/USD Intraday: bullish bias above 1.1065.

Pivot:1.1065

Our preference: long positions above 1.1065 with targets at 1.1090 & 1.1105 in extension.

Alternative scenario: below 1.1065 look for further downside with 1.1055 & 1.1045 as targets.

Comment: a support base at 1.1065 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

GBP/USD Intraday: key resistance at 1.2945.

Pivot:1.2945

Our preference: short positions below 1.2945 with targets at 1.2910 & 1.2895 in extension.

Alternative scenario: above 1.2945 look for further upside with 1.2970 & 1.2985 as targets.

Comment: as long as the resistance at 1.2945 is not surpassed, the risk of the break below 1.2910 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:turning down.

Pivot:0.6830

Our preference: short positions below 0.6830 with targets at 0.6810 & 0.6795 in extension.

Alternative scenario: above 0.6830 look for further upside with 0.6840 & 0.6850 as targets.

Comment: the upward potential is likely to be limited by the resistance at 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:under pressure.

Pivot:108.65

Our preference: short positions below 108.65 with targets at 108.35 & 108.20 in extension.

Alternative scenario: above 108.65 look for further upside with 108.85 & 109.05 as targets.

Comment: a break below 108.35 would trigger a drop towards 108.20.

  • 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 bias remains bullish.

Pivot:1468.00

Our preference: long positions above 1468.00 with targets at 1475.00 & 1479.50 in extension.

Alternative scenario: below 1468.00 look for further downside with 1465.00 & 1462.00 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

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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