TC FX Analysis

Date:2019/9/19 EUR/USD Intraday: watch 1.0995.

EUR/USD Intraday: watch 1.0995.

Pivot:1.1050

Our preference: short positions below 1.1050 with targets at 1.1015 & 1.0995 in extension.

Alternative scenario: above 1.1050 look for further upside with 1.1070 & 1.1085 as targets.

Comment: a break below 1.1015 would trigger a drop towards 1.0995.

  • 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 1.2490.

Pivot:1.2490

Our preference: short positions below 1.2490 with targets at 1.2445 & 1.2425 in extension.

Alternative scenario: above 1.2490 look for further upside with 1.2510 & 1.2530 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1.2490.

  • 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: under pressure.

Pivot:0.6840

Our preference: short positions below 0.6840 with targets at 0.6810 & 0.6800 in extension.

Alternative scenario: above 0.6840 look for further upside with 0.6855 & 0.6870 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

USD/JPY Intraday: watch 108.70.

Pivot:108.25

Our preference: long positions above 108.25 with targets at 108.50 & 108.70 in extension.

Alternative scenario: below 108.25 look for further downside with 108.10 & 107.95 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

Gold spot Intraday: towards 1479.00.

Pivot:1497.50

Our preference: short positions below 1497.50 with targets at 1483.00 & 1479.00 in extension.

Alternative scenario: above 1497.50 look for further upside with 1501.00 & 1507.00 as targets.

Comment: the RSI is bearish and calls for further downside.

  • 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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