TC FX Analysis

Date:2019/6/03 EUR/USD Intraday: the upside prevails.

EUR/USD Intraday: the upside prevails.
Pivot: 1.1155

Our preference: long positions above 1.1155 with targets at 1.1185 & 1.1200 in extension.

Alternative scenario: below 1.1155 look for further downside with 1.1140 & 1.1125 as targets.

Comment: the RSI advocates 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

GBP/USD Intraday: continuation of the rebound.
Pivot: 1.2615

Our preference: long positions above 1.2615 with targets at 1.2660 & 1.2685 in extension.

Alternative scenario: below 1.2615 look for further downside with 1.2600 & 1.2580 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

AUD/USD Intraday: bullish bias above 0.6920.
Pivot: 0.6920

Our preference: long positions above 0.6920 with targets at 0.6945 & 0.6960 in extension.

Alternative scenario: below 0.6920 look for further downside with 0.6900 & 0.6880 as targets.

Comment: a support base at 0.6920 has formed and has allowed for a temporary stabilisation.

  • Green Lines Represent Resistances
  • Red Lines Represent Support Levels
  • Light Blue is a Pivot Point
  • Black represents the price when the report was

USD/JPY Intraday: watch 107.85.
Pivot: 108.55

Our preference: short positions below 108.55 with targets at 108.10 & 107.85 in extension.

Alternative scenario: above 108.55 look for further upside with 108.85 & 109.15 as targets.

Comment: a break below 108.10 would trigger a drop towards 107.85.

  • Green Lines Represent Resistances
  • Red Lines Represent Support Levels
  • Light Blue is a Pivot Point
  • Black represents the price when the report was

Gold spot Intraday: the upside prevails.
Pivot: 1302.00

Our preference: long positions above 1302.00 with targets at 1310.50 & 1318.00 in extension.

Alternative scenario: below 1302.00 look for further downside with 1299.00 & 1295.50 as targets.

Comment: the RSI is bullish and calls 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

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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