TC FX Analysis

Date:2018/8/23 EUR/USD Intraday: the upside prevails.

EUR/USD Intraday: the upside prevails.
Pivot: 1.1565

Our preference: long positions above 1.1565 with targets at 1.1640 & 1.1670 in extension.

Alternative scenario: below 1.1565 look for further downside with 1.1540 & 1.1490 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

GBP/USD Intraday: further advance.
Pivot: 1.2870

Our preference: long positions above 1.2870 with targets at 1.2940 & 1.3000 in extension.

Alternative scenario: below 1.2870 look for further downside with 1.2840 & 1.2810 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: turning down.
Pivot: 0.7365

Our preference: short positions below 0.7365 with targets at 0.7300 & 0.7285 in extension.

Alternative scenario: above 0.7365 look for further upside with 0.7380 & 0.7395 as targets.

Comment: the RSI calls for a slump.

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: 110.30

Our preference: long positions above 110.30 with targets at 110.90 & 111.10 in extension.

Alternative scenario: below 110.30 look for further downside with 110.15 & 110.00 as targets.

Comment: the RSI is supported by a bullish trend line.

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: 1192.00

Our preference: long positions above 1192.00 with targets at 1199.00 & 1201.50 in extension.

Alternative scenario: below 1192.00 look for further downside with 1187.50 & 1184.00 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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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