TC FX Analysis

Date:2019/11/22 EUR/USD Intraday:key resistance at 1.1075.

EUR/USD Intraday:key resistance at 1.1075.

Pivot:1.1075

Our preference: short positions below 1.1075 with targets at 1.1050 & 1.1040 in extension.

Alternative scenario: above 1.1075 look for further upside with 1.1085 & 1.1095 as targets.

Comment: even though a continuation of the technical rebound 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

GBP/USD Intraday: key resistance at 1.2930.

Pivot:1.2930

Our preference: short positions below 1.2930 with targets at 1.2900 & 1.2890 in extension.

Alternative scenario: above 1.2930 look for further upside with 1.2945 & 1.2965 as targets.

Comment: even though a continuation of the technical rebound 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: watch 0.6770.

Pivot:0.6800

Our preference: short positions below 0.6800 with targets at 0.6780 & 0.6770 in extension.

Alternative scenario: above 0.6800 look for further upside with 0.6810 & 0.6820 as targets.

Comment: a break below 0.6780 would trigger a drop towards 0.6770.

  • 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: key resistance at 108.70.

Pivot:108.70

Our preference: short positions below 108.70 with targets at 108.45 & 108.25 in extension.

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

Comment: the index currently faces a challenging resistance area at 108.70.

  • 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:1469.00

Our preference: short positions below 1469.00 with targets at 1462.00 & 1457.00 in extension.

Alternative scenario: above 1469.00 look for further upside with 1471.50 & 1474.50 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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