TC FX Analysis

Date:2018/6/20 AUD/USD Intraday: turning up.

EUR/USD Intraday: turning up.

Pivot: 1.1560

Our preference: long positions above 1.1560 with targets at 1.1620 & 1.1645 in extension.

Alternative scenario: below 1.1560 look for further downside with 1.1530 & 1.1500 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

GBP/USD Intraday: 1.3150 expected.

Pivot: 1.3220

Our preference: short positions below 1.3220 with targets at 1.3150 & 1.3105 in extension.

Alternative scenario: above 1.3220 look for further upside with 1.3270 & 1.3300 as targets.

Comment: a break below 1.3150 would trigger a drop towards 1.3105.

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: turning up.

Pivot: 0.7345

Our preference: long positions above 0.7345 with targets at 0.7425 & 0.7455 in extension.

Alternative scenario: below 0.7345 look for further downside with 0.7300 & 0.7270 as targets.

Comment: technically the RSI is above its neutrality area at 50.

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: the upside prevails.

Pivot: 109.85

Our preference: long positions above 109.85 with targets at 110.25 & 110.40 in extension.

Alternative scenario: below 109.85 look for further downside with 109.55 & 109.30 as targets.

Comment: the RSI advocates 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: under pressure.

Pivot: 1279.00

Our preference: short positions below 1279.00 with targets at 1270.00 & 1267.00 in extension.

Alternative scenario: above 1279.00 look for further upside with 1284.00 & 1287.00 as targets.

Comment: the RSI lacks upward 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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