TC FX Analysis

Date:2018/7/12 EUR/USD Intraday: under pressure.

EUR/USD Intraday: under pressure.

Pivot: 1.1700

Our preference: short positions below 1.1700 with targets at 1.1655 & 1.1625 in extension.

Alternative scenario: above 1.1700 look for further upside with 1.1725 & 1.1760 as targets.

Comment: the RSI calls for a drop.

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: under pressure.

Pivot: 1.3240

Our preference: short positions below 1.3240 with targets at 1.3190 & 1.3150 in extension.

Alternative scenario: above 1.3240 look for further upside with 1.3285 & 1.3325 as targets.

Comment: the RSI advocates for further decline.

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 downside prevails.

Pivot: 0.7390

Our preference: short positions below 0.7390 with targets at 0.7345 & 0.7330 in extension.

Alternative scenario: above 0.7390 look for further upside with 0.7415 & 0.7430 as targets.

Comment: the RSI is capped by a declining 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

USD/JPY Intraday: continuation of the rebound.

Pivot: 111.65

Our preference: long positions above 111.65 with targets at 112.45 & 112.80 in extension.

Alternative scenario: below 111.65 look for further downside with 111.35 & 111.05 as targets.

Comment: the RSI is supported by a rising 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

Gold spot Intraday: under pressure.

Pivot: 1245.50

Our preference: short positions below 1245.50 with targets at 1239.00 & 1237.00 in extension.

Alternative scenario: above 1245.50 look for further upside with 1249.00 & 1253.00 as targets.

Comment: the RSI shows downside 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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