TC FX Analysis

Date:2019/9/24 EUR/USD Intraday:key resistance at 1.1010.

EUR/USD Intraday:key resistance at 1.1010.

Pivot:1.1010

Our preference: short positions below 1.1010 with targets at 1.0980 & 1.0965 in extension.

Alternative scenario: above 1.1010 look for further upside with 1.1025 & 1.1040 as targets.

Comment: as long as the resistance at 1.1010 is not surpassed, the risk of the break below 1.0980 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

GBP/USD Intraday: key resistance at 1.2460.

Pivot:1.2460

Our preference: short positions below 1.2460 with targets at 1.2410 & 1.2390 in extension.

Alternative scenario: above 1.2460 look for further upside with 1.2490 & 1.2520 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: further upside.

Pivot:0.6760

Our preference: long positions above 0.6760 with targets at 0.6780 & 0.6795 in extension.

Alternative scenario: below 0.6760 look for further downside with 0.6740 & 0.6730 as targets.

Comment: the RSI lacks downward 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: turning up.

Pivot:107.30

Our preference: long positions above 107.30 with targets at 107.75 & 108.00 in extension.

Alternative scenario: below 107.30 look for further downside with 107.15 & 107.00 as targets.

Comment: the RSI calls for a new upleg.

  • 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:bullish bias above 1516.00.

Pivot:1516.00

Our preference: long positions above 1516.00 with targets at 1526.50 & 1534.00 in extension.

Alternative scenario: below 1516.00 look for further downside with 1511.50 & 1507.00 as targets.

Comment: a support base at 1516.00 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

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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