TC FX Analysis

Date:2019/6/05 AUD/USD Intraday: bullish bias above 0.6975.

EUR/USD Intraday: the upside prevails.
Pivot: 1.1230

Our preference: long positions above 1.1230 with targets at 1.1275 & 1.1290 in extension.

Alternative scenario: below 1.1230 look for further downside with 1.1210 & 1.1190 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: further advance.
Pivot: 1.2670

Our preference: long positions above 1.2670 with targets at 1.2715 & 1.2740 in extension.

Alternative scenario: below 1.2670 look for further downside with 1.2650 & 1.2630 as targets.

Comment: the RSI advocates 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

AUD/USD Intraday: bullish bias above 0.6975.
Pivot: 0.6975

Our preference: long positions above 0.6975 with targets at 0.7005 & 0.7025 in extension.

Alternative scenario: below 0.6975 look for further downside with 0.6960 & 0.6940 as targets.

Comment: the break above 0.6975 is a positive signal that has opened a path to 0.7005.

  • 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: the bias remains bullish.
Pivot: 108.00

Our preference: long positions above 108.00 with targets at 108.40 & 108.70 in extension.

Alternative scenario: below 108.00 look for further downside with 107.80 & 107.55 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

Gold spot Intraday: the upside prevails.
Pivot: 1320.00

Our preference: long positions above 1320.00 with targets at 1335.00 & 1339.00 in extension.

Alternative scenario: below 1320.00 look for further downside with 1314.00 & 1309.00 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

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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