TC FX Analysis

Date:2019/6/18 Gold spot Intraday: key resistance at 1343.50.

EUR/USD Intraday: under pressure.

Pivot: 1.1240

Our preference: short positions below 1.1240 with targets at 1.1200 & 1.1185 in extension.

Alternative scenario: above 1.1240 look for further upside with 1.1265 & 1.1290 as targets.

Comment: as long as 1.1240 is resistance, look for choppy price action with a bearish bias.

  • 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: watch 1.2500.

Pivot: 1.2570

Our preference: short positions below 1.2570 with targets at 1.2515 & 1.2500 in extension.

Alternative scenario: above 1.2570 look for further upside with 1.2600 & 1.2620 as targets.

Comment: the RSI advocates 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

AUD/USD Intraday: capped by a negative trend line.

Pivot: 0.6865

Our preference: short positions below 0.6865 with targets at 0.6840 & 0.6830 in extension.

Alternative scenario: above 0.6865 look for further upside with 0.6885 & 0.6905 as targets.

Comment: the break below 0.6865 is a negative signal that has opened a path to 0.6840.

  • 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: caution.

Pivot: 108.50

Our preference: long positions above 108.50 with targets at 108.70 & 108.90 in extension.

Alternative scenario: below 108.50 look for further downside with 108.35 & 108.15 as targets.

Comment: intraday technical indicators are mixed and call for caution.

  • 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: key resistance at 1343.50.

Pivot: 1343.50

Our preference: short positions below 1343.50 with targets at 1333.50 & 1330.00 in extension.

Alternative scenario: above 1343.50 look for further upside with 1346.50 & 1350.00 as targets.

Comment: as long as 1343.50 is resistance, expect a return to 1333.50.

  • 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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