TC FX Analysis

Date:2019/6/26 Gold spot Intraday: break of a ST rising trendline support.

EUR/USD Intraday: under pressure.

Pivot: 1.1385

Our preference: short positions below 1.1385 with targets at 1.1355 & 1.1340 in extension.

Alternative scenario: above 1.1385 look for further upside with 1.1400 & 1.1410 as targets.

Comment: a break below 1.1355 would trigger a drop towards 1.1340.

  • 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: 1.2710

Our preference: short positions below 1.2710 with targets at 1.2665 & 1.2640 in extension.

Alternative scenario: above 1.2710 look for further upside with 1.2740 & 1.2765 as targets.

Comment: the break below 1.2710 is a negative signal that has opened a path to 1.2665.

  • 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: watch 0.6925.

Pivot: 0.6975

Our preference: short positions below 0.6975 with targets at 0.6945 & 0.6925 in extension.

Alternative scenario: above 0.6975 look for further upside with 0.7000 & 0.7020 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

USD/JPY Intraday: bullish bias above 106.85.

Pivot: 106.85

Our preference: long positions above 106.85 with targets at 107.35 & 107.70 in extension.

Alternative scenario: below 106.85 look for further downside with 106.50 & 106.15 as targets.

Comment: the RSI lacks downward 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: break of a ST rising trendline support.

Pivot: 1430.00

Our preference: short positions below 1430.00 with targets at 1411.00 & 1402.00 in extension.

Alternative scenario: above 1430.00 look for further upside with 1439.00 & 1445.00 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

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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