TC FX Analysis

Date:2018/9/04 EUR/USD Intraday: turning up.

EUR/USD Intraday: turning up.
Pivot: 1.1600

Our preference: long positions above 1.1600 with targets at 1.1630 & 1.1650 in extension.

Alternative scenario: below 1.1600 look for further downside with 1.1585 & 1.1565 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: the downside prevails.
Pivot: 1.2900

Our preference: short positions below 1.2900 with targets at 1.2850 & 1.2820 in extension.

Alternative scenario: above 1.2900 look for further upside with 1.2935 & 1.2970 as targets.

Comment: the break below 1.2900 is a negative signal that has opened a path to 1.2850.

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: 0.7185

Our preference: long positions above 0.7185 with targets at 0.7225 & 0.7240 in extension.

Alternative scenario: below 0.7185 look for further downside with 0.7165 & 0.7145 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

USD/JPY Intraday: turning down.
Pivot: 111.15

Our preference: short positions below 111.15 with targets at 110.80 & 110.65 in extension.

Alternative scenario: above 111.15 look for further upside with 111.35 & 111.50 as targets.

Comment: as long as the resistance at 111.15 is not surpassed, the risk of the break below 110.80 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

Gold spot Intraday: watch 1195.50.
Pivot: 1204.50

Our preference: short positions below 1204.50 with targets at 1195.50 & 1192.00 in extension.

Alternative scenario: above 1204.50 look for further upside with 1209.00 & 1212.00 as targets.

Comment: a break below 1195.50 would trigger a drop towards 1192.00.

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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