TC FX Analysis

Date:2018/6/14 Gold spot Intraday: rebound in sight.

EUR/USD Intraday: towards 1.1810.

Pivot: 1.1755

Our preference: long positions above 1.1755 with targets at 1.1810 & 1.1840 in extension.

Alternative scenario: below 1.1755 look for further downside with 1.1730 & 1.1710 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

GBP/USD Intraday: the upside prevails.

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 1.3315 & 1.3280 as targets.

Comment: the RSI lacks downward 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: key resistance at 0.7590.

Pivot: 0.7590

Our preference: short positions below 0.7590 with targets at 0.7555 & 0.7535 in extension.

Alternative scenario: above 0.7590 look for further upside with 0.7610 & 0.7625 as targets.

Comment: as long as the resistance at 0.7590 is not surpassed, the risk of the break below 0.7555 remains high.

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: watch 110.10.

Pivot: 110.50

Our preference: short positions below 110.50 with targets at 110.10 & 109.80 in extension.

Alternative scenario: above 110.50 look for further upside with 110.75 & 111.00 as targets.

Comment: a break below 110.10 would trigger a drop towards 109.80.

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: rebound in sight.

Pivot: 1293.25

Our preference: long positions above 1293.25 with targets at 1303.25 & 1306.75 in extension.

Alternative scenario: below 1293.25 look for further downside with 1290.00 & 1287.50 as targets.

Comment: the RSI is mixed with a bullish 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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