TC FX Analysis

Date:2018/7/30 AUD/USD Intraday: the upside prevails.

EUR/USD Intraday: turning up.

Pivot: 1.1635

Our preference: long positions above 1.1635 with targets at 1.1670 & 1.1695 in extension.

Alternative scenario: below 1.1635 look for further downside with 1.1620 & 1.1600 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 produced

GBP/USD Intraday: turning up.

Pivot: 1.3080

Our preference: long positions above 1.3080 with targets at 1.3130 & 1.3160 in extension.

Alternative scenario: below 1.3080 look for further downside with 1.3060 & 1.3035 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 produced

AUD/USD Intraday: the upside prevails.

Pivot: 0.7380

Our preference: long positions above 0.7380 with targets at 0.7415 & 0.7430 in extension.

Alternative scenario: below 0.7380 look for further downside with 0.7365 & 0.7350 as targets.

Comment: the RSI advocates for further upside.

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: under pressure.

Pivot: 111.10

Our preference: short positions below 111.10 with targets at 110.75 & 110.55 in extension.

Alternative scenario: above 111.10 look for further upside with 111.25 & 111.50 as targets.

Comment: the upward potential is likely to be limited by the resistance at 111.10.

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: bullish bias above 1220.25.

Pivot: 1220.25

Our preference: long positions above 1220.25 with targets at 1227.50 & 1230.50 in extension.

Alternative scenario: below 1220.25 look for further downside with 1218.00 & 1215.50 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 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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