TC FX Analysis

Date:2019/6/14 AUD/USD Intraday: key resistance at 0.6920.

EUR/USD Intraday: watch 1.1250.

Pivot: 1.1300

Our preference: short positions below 1.1300 with targets at 1.1265 & 1.1250 in extension.

Alternative scenario: above 1.1300 look for further upside with 1.1325 & 1.1340 as targets.

Comment: a break below 1.1265 would trigger a drop towards 1.1250.

  • 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: under pressure.

Pivot: 1.2700

Our preference: short positions below 1.2700 with targets at 1.2665 & 1.2650 in extension.

Alternative scenario: above 1.2700 look for further upside with 1.2715 & 1.2730 as targets.

Comment: as long as the resistance at 1.2700 is not surpassed, the risk of the break below 1.2665 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

AUD/USD Intraday: key resistance at 0.6920.

Pivot: 0.6920

Our preference: short positions below 0.6920 with targets at 0.6905 & 0.6895 in extension.

Alternative scenario: above 0.6920 look for further upside with 0.6935 & 0.6950 as targets.

Comment: the upward potential is likely to be limited by the resistance at 0.6920.

  • 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 downside prevails.

Pivot: 108.55

Our preference: short positions below 108.55 with targets at 108.15 & 107.95 in extension.

Alternative scenario: above 108.55 look for further upside with 108.70 & 108.80 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: further advance.

Pivot: 1337.50

Our preference: long positions above 1337.50 with targets at 1351.50 & 1356.00 in extension.

Alternative scenario: below 1337.50 look for further downside with 1331.50 & 1326.50 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

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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