TC FX Analysis

Date:2019/9/20 EUR/USD Intraday: turning down.

EUR/USD Intraday: turning down.

Pivot:1.1060

Our preference: short positions below 1.1060 with targets at 1.1030 & 1.1015 in extension.

Alternative scenario: above 1.1060 look for further upside with 1.1075 & 1.1085 as targets.

Comment: a break below 1.1030 would trigger a drop towards 1.1015.

  • 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: bullish bias above 1.2500.

Pivot:1.2500

Our preference: long positions above 1.2500 with targets at 1.2560 & 1.2580 in extension.

Alternative scenario: below 1.2500 look for further downside with 1.2475 & 1.2445 as targets.

Comment: even though a continuation of the consolidation 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: key resistance at 0.6810.

Pivot:0.6810

Our preference: short positions below 0.6810 with targets at 0.6780 & 0.6760 in extension.

Alternative scenario: above 0.6810 look for further upside with 0.6830 & 0.6855 as targets.

Comment: as long as the resistance at 0.6810 is not surpassed, the risk of the break below 0.6780 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: under pressure.

Pivot:108.15

Our preference: short positions below 108.15 with targets at 107.90 & 107.75 in extension.

Alternative scenario: above 108.15 look for further upside with 108.30 & 108.45 as targets.

Comment: as long as the resistance at 108.15 is not surpassed, the risk of the break below 107.90 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: up turn.

Pivot:1495.50

Our preference: long positions above 1495.50 with targets at 1504.50 & 1507.00 in extension.

Alternative scenario: below 1495.50 look for further downside with 1488.50 & 1483.00 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

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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