TC FX Analysis

Date:2018/8/30 EUR/USD Intraday: the upside prevails.

EUR/USD Intraday: the upside prevails.
Pivot: 1.1675

Our preference: long positions above 1.1675 with targets at 1.1730 & 1.1765 in extension.

Alternative scenario: below 1.1675 look for further downside with 1.1655 & 1.1630 as targets.

Comment: the RSI advocates for further advance.

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 upside.
Pivot: 1.2985

Our preference: long positions above 1.2985 with targets at 1.3065 & 1.3095 in extension.

Alternative scenario: below 1.2985 look for further downside with 1.2960 & 1.2930 as targets.

Comment: the RSI advocates for further advance.

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: bullish bias above 0.7290.
Pivot: 0.7290

Our preference: long positions above 0.7290 with targets at 0.7330 & 0.7350 in extension.

Alternative scenario: below 0.7290 look for further downside with 0.7275 & 0.7255 as targets.

Comment: the RSI is mixed to bullish.

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: 111.50

Our preference: long positions above 111.50 with targets at 111.80 & 112.00 in extension.

Alternative scenario: below 111.50 look for further downside with 111.30 & 111.10 as targets.

Comment: the RSI advocates for further advance.

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: supported by a rising trend line.
Pivot: 1202.00

Our preference: long positions above 1202.00 with targets at 1210.00 & 1214.00 in extension.

Alternative scenario: below 1202.00 look for further downside with 1196.50 & 1192.50 as targets.

Comment: the RSI is supported by a rising 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

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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