TC FX Analysis

Date:2018/7/13 EUR/USD Intraday: under pressure.

EUR/USD Intraday: under pressure.

Pivot: 1.1695

Our preference: short positions below 1.1695 with targets at 1.1650 & 1.1625 in extension.

Alternative scenario: above 1.1695 look for further upside with 1.1725 & 1.1760 as targets.

Comment: as long as 1.1695 is resistance, expect a return to 1.1650.

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 down.

Pivot: 1.3225

Our preference: short positions below 1.3225 with targets at 1.3150 & 1.3120 in extension.

Alternative scenario: above 1.3225 look for further upside with 1.3255 & 1.3285 as targets.

Comment: as long as 1.3225 is resistance, likely decline to 1.3150.

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: rebound expected.

Pivot: 0.7390

Our preference: long positions above 0.7390 with targets at 0.7430 & 0.7445 in extension.

Alternative scenario: below 0.7390 look for further downside with 0.7375 & 0.7360 as targets.

Comment: the RSI calls for a rebound.

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: further advance.

Pivot: 112.35

Our preference: long positions above 112.35 with targets at 113.00 & 113.35 in extension.

Alternative scenario: below 112.35 look for further downside with 112.00 & 111.65 as targets.

Comment: the RSI calls for a rebound.

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: rebound.

Pivot: 1243.50

Our preference: long positions above 1243.50 with targets at 1249.00 & 1251.00 in extension.

Alternative scenario: below 1243.50 look for further downside with 1241.00 & 1239.00 as targets.

Comment: the RSI is mixed to bullish.

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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