TC FX Analysis

Date:2019/9/16 EUR/USD Intraday: rebound expected.

EUR/USD Intraday: rebound expected.

Pivot:1.1065

Our preference: long positions above 1.1065 with targets at 1.1105 & 1.1130 in extension.

Alternative scenario: below 1.1065 look for further downside with 1.1050 & 1.1030 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: target 1.2550.

Pivot:1.2465

Our preference: long positions above 1.2465 with targets at 1.2520 & 1.2550 in extension.

Alternative scenario: below 1.2465 look for further downside with 1.2445 & 1.2420 as targets.

Comment: technically 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

AUD/USD Intraday: choppy.

Pivot:0.6890

Our preference: short positions below 0.6890 with targets at 0.6860 & 0.6845 in extension.

Alternative scenario: above 0.6890 look for further upside with 0.6900 & 0.6910 as targets.

Comment: as long as 0.6890 is resistance, look for choppy price action with a bearish bias.

  • 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:108.00

Our preference: short positions below 108.00 with targets at 107.60 & 107.45 in extension.

Alternative scenario: above 108.00 look for further upside with 108.25 & 108.50 as targets.

Comment: as long as the resistance at 108.00 is not surpassed, the risk of the break below 107.60 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

Gold spot Intraday: turning up.

Pivot:1496.00

Our preference: long positions above 1496.00 with targets at 1517.50 & 1524.00 in extension.

Alternative scenario: below 1496.00 look for further downside with 1491.00 & 1486.00 as targets.

Comment: the RSI is bullish and calls 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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