TC FX Analysis

Date:2018/6/13 AUD/USD Intraday: key resistance at 0.7595.

EUR/USD Intraday: the downside prevails.

Pivot: 1.1775

Our preference: short positions below 1.1775 with targets at 1.1710 & 1.1680 in extension.

Alternative scenario: above 1.1775 look for further upside with 1.1810 & 1.1840 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

GBP/USD Intraday: the bias remains bullish.

Pivot: 1.3345

Our preference: long positions above 1.3345 with targets at 1.3400 & 1.3425 in extension.

Alternative scenario: below 1.3345 look for further downside with 1.3305 & 1.3280 as targets.

Comment: a support base at 1.3345 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

AUD/USD Intraday: key resistance at 0.7595.

Pivot: 0.7595

Our preference: short positions below 0.7595 with targets at 0.7560 & 0.7540 in extension.

Alternative scenario: above 0.7595 look for further upside with 0.7625 & 0.7645 as targets.

Comment: a break below 0.7560 would trigger a drop towards 0.7540.

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: supported by a rising trend line.

Pivot: 110.10

Our preference: long positions above 110.10 with targets at 110.60 & 110.85 in extension.

Alternative scenario: below 110.10 look for further downside with 109.80 & 109.50 as targets.

Comment: the RSI is bullish and calls 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

Gold spot Intraday: range.

Pivot: 1300.00

Our preference: short positions below 1300.00 with targets at 1292.50 & 1290.00 in extension.

Alternative scenario: above 1300.00 look for further upside with 1303.25 & 1306.75 as targets.

Comment: as long as 1300.00 is resistance, look for choppy price action with a bearish bias.

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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