TC FX Analysis

Date:2018/9/07 EUR/USD Intraday: under pressure.

EUR/USD Intraday: under pressure.
Pivot: 1.1635

Our preference: short positions below 1.1635 with targets at 1.1605 & 1.1570 in extension.

Alternative scenario: above 1.1635 look for further upside with 1.1660 & 1.1690 as targets.

Comment: as long as the resistance at 1.1635 is not surpassed, the risk of the break below 1.1605 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

GBP/USD Intraday: the bias remains bullish.
Pivot: 1.2895

Our preference: long positions above 1.2895 with targets at 1.2950 & 1.2985 in extension.

Alternative scenario: below 1.2895 look for further downside with 1.2870 & 1.2840 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

AUD/USD Intraday: key resistance at 0.7210.
Pivot: 0.7210

Our preference: short positions below 0.7210 with targets at 0.7180 & 0.7160 in extension.

Alternative scenario: above 0.7210 look for further upside with 0.7235 & 0.7260 as targets.

Comment: as long as the resistance at 0.7210 is not surpassed, the risk of the break below 0.7180 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

USD/JPY Intraday: the downside prevails.
Pivot: 110.95

Our preference: short positions below 110.95 with targets at 110.20 & 110.00 in extension.

Alternative scenario: above 110.95 look for further upside with 111.15 & 111.40 as targets.

Comment: the RSI has broken down its 30 level.

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: caution.
Pivot: 1203.00

Our preference: short positions below 1203.00 with targets at 1199.00 & 1196.50 in extension.

Alternative scenario: above 1203.00 look for further upside with 1207.00 & 1209.00 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

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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