TC FX Analysis

Date:2019/7/01 AUD/USD Intraday: supported by a rising trend line.

EUR/USD Intraday: range.

Pivot: 1.1380

Our preference: short positions below 1.1380 with targets at 1.1355 & 1.1345 in extension.

Alternative scenario: above 1.1380 look for further upside with 1.1395 & 1.1410 as targets.

Comment: the RSI is mixed to bearish.

  • 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: consolidation in place.

Pivot: 1.2725

Our preference: short positions below 1.2725 with targets at 1.2665 & 1.2640 in extension.

Alternative scenario: above 1.2725 look for further upside with 1.2745 & 1.2765 as targets.

Comment: the RSI is mixed to bearish.

  • 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: supported by a rising trend line.

Pivot: 0.7005

Our preference: long positions above 0.7005 with targets at 0.7045 & 0.7065 in extension.

Alternative scenario: below 0.7005 look for further downside with 0.6985 & 0.6970 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

USD/JPY Intraday: further advance.

Pivot: 107.90

Our preference: long positions above 107.90 with targets at 108.65 & 108.95 in extension.

Alternative scenario: below 107.90 look for further downside with 107.70 & 107.55 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

Gold spot Intraday: the downside prevails.

Pivot: 1405.50

Our preference: short positions below 1405.50 with targets at 1384.00 & 1373.00 in extension.

Alternative scenario: above 1405.50 look for further upside with 1415.00 & 1425.00 as targets.

Comment: the RSI has broken down its 30 level.

  • 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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