TC FX Analysis

Date:2018/7/31 Gold spot Intraday: consolidation in place.

EUR/USD Intraday: the bias remains bullish.

Pivot: 1.1690

Our preference: long positions above 1.1690 with targets at 1.1720 & 1.1740 in extension.

Alternative scenario: below 1.1690 look for further downside with 1.1665 & 1.1645 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: bullish bias above 1.3120.

Pivot: 1.3120

Our preference: long positions above 1.3120 with targets at 1.3155 & 1.3175 in extension.

Alternative scenario: below 1.3120 look for further downside with 1.3095 & 1.3080 as targets.

Comment: the RSI is supported by a bullish trend line.

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: towards 0.7415.

Pivot: 0.7390

Our preference: long positions above 0.7390 with targets at 0.7415 & 0.7430 in extension.

Alternative scenario: below 0.7390 look for further downside with 0.7370 & 0.7355 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

USD/JPY Intraday: turning down.

Pivot: 111.10

Our preference: short positions below 111.10 with targets at 110.85 & 110.75 in extension.

Alternative scenario: above 111.10 look for further upside with 111.25 & 111.40 as targets.

Comment: the RSI calls for a new downleg.

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: consolidation in place.

Pivot: 1219.00

Our preference: long positions above 1219.00 with targets at 1225.00 & 1227.50 in extension.

Alternative scenario: below 1219.00 look for further downside with 1217.25 & 1215.50 as targets.

Comment: the RSI is supported by a bullish trend line.

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.

Revisit Appointment

  • Our service time is 09:00-22:00,
    Monday to Friday (GMT+8)

User experience score