TC FX Analysis

Date:2019/6/24 AUD/USD Intraday: turning up.

EUR/USD Intraday: further advance.

Pivot: 1.1355

Our preference: long positions above 1.1355 with targets at 1.1420 & 1.1440 in extension.

Alternative scenario: below 1.1355 look for further downside with 1.1335 & 1.1310 as targets.

Comment: the RSI is bullish and calls 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

GBP/USD Intraday: further upside.

Pivot: 1.2705

Our preference: long positions above 1.2705 with targets at 1.2790 & 1.2820 in extension.

Alternative scenario: below 1.2705 look for further downside with 1.2670 & 1.2640 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

AUD/USD Intraday: turning up.

Pivot: 0.6925

Our preference: long positions above 0.6925 with targets at 0.6955 & 0.6975 in extension.

Alternative scenario: below 0.6925 look for further downside with 0.6905 & 0.6885 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

USD/JPY Intraday: key resistance at 107.45.

Pivot: 107.45

Our preference: short positions below 107.45 with targets at 107.20 & 107.00 in extension.

Alternative scenario: above 107.45 look for further upside with 107.70 & 107.85 as targets.

Comment: the break below 107.45 is a negative signal that has opened a path to 107.20.

  • 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 up.

Pivot: 1393.00

Our preference: long positions above 1393.00 with targets at 1419.00 & 1430.00 in extension.

Alternative scenario: below 1393.00 look for further downside with 1382.50 & 1377.00 as targets.

Comment: the RSI shows upside momentum.

  • 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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