TC FX Analysis

Date:2018/7/06 EUR/USD Intraday: turning up.

EUR/USD Intraday: turning up.

Pivot: 1.1675

Our preference: long positions above 1.1675 with targets at 1.1720 & 1.1745 in extension.

Alternative scenario: below 1.1675 look for further downside with 1.1650 & 1.1630 as targets.

Comment: the RSI has just landed on its neutrality area at 50% and is turning up.

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: key resistance at 1.3245.

Pivot: 1.3245

Our preference: short positions below 1.3245 with targets at 1.3195 & 1.3170 in extension.

Alternative scenario: above 1.3245 look for further upside with 1.3275 & 1.3300 as targets.

Comment: as long as the resistance at 1.3245 is not surpassed, the risk of the break below 1.3195 remains high.

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: key resistance at 0.7395.

Pivot: 0.7395

Our preference: short positions below 0.7395 with targets at 0.7380 & 0.7370 in extension.

Alternative scenario: above 0.7395 look for further upside with 0.7410 & 0.7425 as targets.

Comment: the upward potential is likely to be limited by the resistance at 0.7395.

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: bullish bias above 110.50.

Pivot: 110.50

Our preference: long positions above 110.50 with targets at 110.70 & 110.85 in extension.

Alternative scenario: below 110.50 look for further downside with 110.25 & 110.10 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. The pair validated a Double Bottom: a bullish reversal pattern calling 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: consolidation in place.

Pivot: 1253.50

Our preference: long positions above 1253.50 with targets at 1261.00 & 1265.00 in extension.

Alternative scenario: below 1253.50 look for further downside with 1250.00 & 1246.00 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

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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