TC FX Analysis

Date:2018/6/22 AUD/USD Intraday: turning down.

EUR/USD Intraday: the bias remains bullish.

Pivot: 1.1575

Our preference: long positions above 1.1575 with targets at 1.1645 & 1.1675 in extension.

Alternative scenario: below 1.1575 look for further downside with 1.1555 & 1.1530 as targets.

Comment: the RSI advocates for further upside.

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 upside prevails.

Pivot: 1.3210

Our preference: long positions above 1.3210 with targets at 1.3275 & 1.3300 in extension.

Alternative scenario: below 1.3210 look for further downside with 1.3180 & 1.3145 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

AUD/USD Intraday: turning down.

Pivot: 0.7395

Our preference: short positions below 0.7395 with targets at 0.7360 & 0.7345 in extension.

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

USD/JPY Intraday: the downside prevails.

Pivot: 110.25

Our preference: short positions below 110.25 with targets at 109.70 & 109.50 in extension.

Alternative scenario: above 110.25 look for further upside with 110.55 & 110.75 as targets.

Comment: as long as 110.25 is resistance, expect a return to 109.70.

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: 1261.00

Our preference: long positions above 1261.00 with targets at 1270.00 & 1276.50 in extension.

Alternative scenario: below 1261.00 look for further downside with 1255.50 & 1249.00 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

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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