TC FX Analysis

Date:2019/6/10 Gold spot Intraday: turning down.

EUR/USD Intraday: the bias remains bullish.

Pivot: 1.1300

Our preference: long positions above 1.1300 with targets at 1.1345 & 1.1360 in extension.

Alternative scenario: below 1.1300 look for further downside with 1.1280 & 1.1255 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

GBP/USD Intraday: turning down.

Pivot: 1.2745

Our preference: short positions below 1.2745 with targets at 1.2705 & 1.2690 in extension.

Alternative scenario: above 1.2745 look for further upside with 1.2765 & 1.2785 as targets.

Comment: the RSI shows downside 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: under pressure.

Pivot: 0.7010

Our preference: short positions below 0.7010 with targets at 0.6980 & 0.6970 in extension.

Alternative scenario: above 0.7010 look for further upside with 0.7020 & 0.7030 as targets.

Comment: the RSI is bearish and calls for further downside.

  • 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: bullish bias above 108.30.

Pivot: 108.30

Our preference: long positions above 108.30 with targets at 108.60 & 108.70 in extension.

Alternative scenario: below 108.30 look for further downside with 108.15 & 107.95 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

Gold spot Intraday: turning down.

Pivot: 1341.50

Our preference: short positions below 1341.50 with targets at 1331.25 & 1327.00 in extension.

Alternative scenario: above 1341.50 look for further upside with 1346.50 & 1350.50 as targets.

Comment: the RSI is bearish and calls for further decline.

  • 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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