TC FX Analysis

Date:2019/4/08 USD/JPY Intraday: bullish bias above 111.60.

EUR/USD Intraday: watch 1.1200.
Pivot: 1.1225

Our preference: short positions below 1.1225 with targets at 1.1210 & 1.1200 in extension.

Alternative scenario: above 1.1225 look for further upside with 1.1235 & 1.1250 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 produced

 

GBP/USD Intraday: key resistance at 1.3055.
Pivot: 1.3055

Our preference: short positions below 1.3055 with targets at 1.3005 & 1.2985 in extension.

Alternative scenario: above 1.3055 look for further upside with 1.3080 & 1.3115 as targets.

Comment: as long as the resistance at 1.3055 is not surpassed, the risk of the break below 1.3005 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 produced

 

AUD/USD Intraday: the downside prevails.
Pivot: 0.7110

Our preference: short positions below 0.7110 with targets at 0.7090 & 0.7070 in extension.

Alternative scenario: above 0.7110 look for further upside with 0.7130 & 0.7145 as targets.

Comment: a break below 0.7090 would trigger a drop towards 0.7070.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

 

USD/JPY Intraday: bullish bias above 111.60.
Pivot: 111.60

Our preference: long positions above 111.60 with targets at 111.80 & 112.00 in extension.

Alternative scenario: below 111.60 look for further downside with 111.45 & 111.30 as targets.

Comment: a support base at 111.60 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 produced

 

Gold spot Intraday: caution.
Pivot: 1294.50

Our preference: short positions below 1294.50 with targets at 1286.75 & 1284.25 in extension.

Alternative scenario: above 1294.50 look for further upside with 1297.00 & 1300.00 as targets.

Comment: the RSI is mixed and calls for caution.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

 

 

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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