TC FX Analysis

Date:2018/9/06 Gold spot Intraday: rebound expected.

EUR/USD Intraday: the upside prevails.
Pivot: 1.1600

Our preference: long positions above 1.1600 with targets at 1.1650 & 1.1675 in extension.

Alternative scenario: below 1.1600 look for further downside with 1.1570 & 1.1540 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: further upside.
Pivot: 1.2870

Our preference: long positions above 1.2870 with targets at 1.2950 & 1.2985 in extension.

Alternative scenario: below 1.2870 look for further downside with 1.2840 & 1.2805 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: further advance.
Pivot: 0.7180

Our preference: long positions above 0.7180 with targets at 0.7215 & 0.7235 in extension.

Alternative scenario: below 0.7180 look for further downside with 0.7160 & 0.7140 as targets.

Comment: the RSI calls for a new upleg.

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: limited upside.
Pivot: 111.35

Our preference: long positions above 111.35 with targets at 111.60 & 111.75 in extension.

Alternative scenario: below 111.35 look for further downside with 111.20 & 111.00 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

Gold spot Intraday: rebound expected.
Pivot: 1193.00

Our preference: long positions above 1193.00 with targets at 1201.00 & 1204.00 in extension.

Alternative scenario: below 1193.00 look for further downside with 1189.50 & 1187.00 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

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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