TC FX Analysis

Date:2018/8/28 EUR/USD Intraday: the upside prevails.

EUR/USD Intraday: the upside prevails.
Pivot: 1.1655

Our preference: long positions above 1.1655 with targets at 1.1720 & 1.1740 in extension.

Alternative scenario: below 1.1655 look for further downside with 1.1610 & 1.1590 as targets.

Comment: the RSI calls for a bounce.

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: 1.2865

Our preference: long positions above 1.2865 with targets at 1.2910 & 1.2935 in extension.

Alternative scenario: below 1.2865 look for further downside with 1.2835 & 1.2815 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: limited upside.
Pivot: 0.7330

Our preference: long positions above 0.7330 with targets at 0.7365 & 0.7385 in extension.

Alternative scenario: below 0.7330 look for further downside with 0.7305 & 0.7285 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

USD/JPY Intraday: key resistance at 111.20.
Pivot: 111.20

Our preference: short positions below 111.20 with targets at 110.90 & 110.70 in extension.

Alternative scenario: above 111.20 look for further upside with 111.50 & 111.75 as targets.

Comment: the RSI is mixed and calls for caution.

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 upside prevails.
Pivot: 1203.00

Our preference: long positions above 1203.00 with targets at 1217.00 & 1221.00 in extension.

Alternative scenario: below 1203.00 look for further downside with 1196.50 & 1192.50 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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