TC FX Analysis

Date:2019/6/04 USD/JPY Intraday: watch 107.55.

EUR/USD Intraday: the upside prevails.
Pivot: 1.1215

Our preference: long positions above 1.1215 with targets at 1.1260 & 1.1290 in extension.

Alternative scenario: below 1.1215 look for further downside with 1.1190 & 1.1160 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

GBP/USD Intraday: further advance.
Pivot: 1.2630

Our preference: long positions above 1.2630 with targets at 1.2685 & 1.2705 in extension.

Alternative scenario: below 1.2630 look for further downside with 1.2610 & 1.2590 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

AUD/USD Intraday: target 0.7005.
Pivot: 0.6950

Our preference: long positions above 0.6950 with targets at 0.6985 & 0.7005 in extension.

Alternative scenario: below 0.6950 look for further downside with 0.6935 & 0.6925 as targets.

Comment: technically the RSI is above its neutrality area at 50.

  • 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 107.55.
Pivot: 108.40

Our preference: short positions below 108.40 with targets at 107.75 & 107.55 in extension.

Alternative scenario: above 108.40 look for further upside with 108.70 & 109.10 as targets.

Comment: the RSI lacks upward momentum.

  • 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: 1318.00

Our preference: long positions above 1318.00 with targets at 1333.00 & 1337.00 in extension.

Alternative scenario: below 1318.00 look for further downside with 1312.50 & 1309.00 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

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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