TC FX Analysis

Date:2018/7/18 Gold spot Intraday: key resistance at 1234.50.

EUR/USD Intraday: under pressure.

Pivot: 1.1675

Our preference: short positions below 1.1675 with targets at 1.1635 & 1.1615 in extension.

Alternative scenario: above 1.1675 look for further upside with 1.1700 & 1.1725 as targets.

Comment: the break below 1.1675 is a negative signal that has opened a path to 1.1635.

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: watch 1.3065.

Pivot: 1.3155

Our preference: short positions below 1.3155 with targets at 1.3065 & 1.3030 in extension.

Alternative scenario: above 1.3155 look for further upside with 1.3185 & 1.3220 as targets.

Comment: the break below 1.3155 is a negative signal that has opened a path to 1.3065.

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 0.7370.

Pivot: 0.7400

Our preference: short positions below 0.7400 with targets at 0.7370 & 0.7355 in extension.

Alternative scenario: above 0.7400 look for further upside with 0.7420 & 0.7440 as targets.

Comment: a break below 0.7370 would trigger a drop towards 0.7355.

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 upside.

Pivot: 112.60

Our preference: long positions above 112.60 with targets at 113.25 & 113.65 in extension.

Alternative scenario: below 112.60 look for further downside with 112.20 & 112.00 as targets.

Comment: the RSI is bullish and calls for further advance.

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: key resistance at 1234.50.

Pivot: 1234.50

Our preference: short positions below 1234.50 with targets at 1223.00 & 1219.00 in extension.

Alternative scenario: above 1234.50 look for further upside with 1237.50 & 1241.50 as targets.

Comment: the RSI is mixed to bearish.

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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