TC FX Analysis

Date:2018/7/09 EUR/USD Intraday: the upside prevails.

EUR/USD Intraday: the upside prevails.

Pivot: 1.1720

Our preference: long positions above 1.1720 with targets at 1.1790 & 1.1825 in extension.

Alternative scenario: below 1.1720 look for further downside with 1.1700 & 1.1675 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

GBP/USD Intraday: the bias remains bullish.

Pivot: 1.3255

Our preference: long positions above 1.3255 with targets at 1.3340 & 1.3365 in extension.

Alternative scenario: below 1.3255 look for further downside with 1.3200 & 1.3170 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

AUD/USD Intraday: further advance.

Pivot: 0.7415

Our preference: long positions above 0.7415 with targets at 0.7460 & 0.7470 in extension.

Alternative scenario: below 0.7415 look for further downside with 0.7400 & 0.7375 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: rebound in sight.

Pivot: 110.30

Our preference: long positions above 110.30 with targets at 110.55 & 110.70 in extension.

Alternative scenario: below 110.30 look for further downside with 110.10 & 109.95 as targets.

Comment: a support base at 110.30 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

Gold spot Intraday: the bias remains bullish.

Pivot: 1252.50

Our preference: long positions above 1252.50 with targets at 1259.00 & 1261.00 in extension.

Alternative scenario: below 1252.50 look for further downside with 1250.00 & 1248.00 as targets.

Comment: the RSI broke above a bearish 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

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