TC FX Analysis

Date:2018/7/04 EUR/USD Intraday: the upside prevails.

EUR/USD Intraday: the upside prevails.

Pivot: 1.1640

Our preference: long positions above 1.1640 with targets at 1.1680 & 1.1700 in extension.

Alternative scenario: below 1.1640 look for further downside with 1.1620 & 1.1590 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: 1.3210 in sight.

Pivot: 1.3175

Our preference: long positions above 1.3175 with targets at 1.3210 & 1.3230 in extension.

Alternative scenario: below 1.3175 look for further downside with 1.3155 & 1.3120 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

AUD/USD Intraday: the bias remains bullish.

Pivot: 0.7370

Our preference: long positions above 0.7370 with targets at 0.7405 & 0.7430 in extension.

Alternative scenario: below 0.7370 look for further downside with 0.7350 & 0.7330 as targets.

Comment: a support base at 0.7370 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 produced

USD/JPY Intraday: target 110.15.

Pivot: 110.75

Our preference: short positions below 110.75 with targets at 110.15 & 109.95 in extension.

Alternative scenario: above 110.75 look for further upside with 111.05 & 111.40 as targets.

Comment: the RSI is bearish and calls for further decline. The pair has broken below a rising trend line in place since June 26 bottom.

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: the bias remains bullish.

Pivot: 1248.50

Our preference: long positions above 1248.50 with targets at 1257.00 & 1262.00 in extension.

Alternative scenario: below 1248.50 look for further downside with 1243.00 & 1237.50 as targets.

Comment: the RSI shows upside 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

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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