TC FX Analysis

Date:2019/11/21 EUR/USD Intraday: the upside prevails.

EUR/USD Intraday: the upside prevails.

Pivot:1.1060

Our preference: long positions above 1.1060 with targets at 1.1090 & 1.1100 in extension.

Alternative scenario: below 1.1060 look for further downside with 1.1050 & 1.1040 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

GBP/USD Intraday:further upside.

Pivot:1.2900

Our preference: long positions above 1.2900 with targets at 1.2940 & 1.2955 in extension.

Alternative scenario: below 1.2900 look for further downside with 1.2885 & 1.2870 as targets.

Comment: the RSI is bullish and calls for further upside.

  • 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 0.6805.

Pivot:0.6805

Our preference: short positions below 0.6805 with targets at 0.6785 & 0.6775 in extension.

Alternative scenario: above 0.6805 look for further upside with 0.6820 & 0.6830 as targets.

Comment: as long as the resistance at 0.6805 is not surpassed, the risk of the break below 0.6785 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: the downside prevails.

Pivot:108.70

Our preference: short positions below 108.70 with targets at 108.25 & 108.10 in extension.

Alternative scenario: above 108.70 look for further upside with 108.85 & 109.00 as targets.

Comment: the RSI lacks upward momentum.

  • 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:towards 1482.00.

Pivot:1471.00

Our preference: long positions above 1471.00 with targets at 1479.00 & 1482.00 in extension.

Alternative scenario: below 1471.00 look for further downside with 1468.00 & 1465.00 as targets.

Comment: the RSI calls for a bounce.

  • 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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