TC FX Analysis

Date:2019/7/03 Gold spot Intraday: the upside prevails.

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

Pivot: 1.1310

Our preference: short positions below 1.1310 with targets at 1.1275 & 1.1255 in extension.

Alternative scenario: above 1.1310 look for further upside with 1.1330 & 1.1355 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: expect 1.2560.

Pivot: 1.2615

Our preference: short positions below 1.2615 with targets at 1.2575 & 1.2560 in extension.

Alternative scenario: above 1.2615 look for further upside with 1.2640 & 1.2670 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

AUD/USD Intraday: target 0.7020.

Pivot: 0.6975

Our preference: long positions above 0.6975 with targets at 0.7000 & 0.7020 in extension.

Alternative scenario: below 0.6975 look for further downside with 0.6955 & 0.6940 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: under pressure.

Pivot: 108.05

Our preference: short positions below 108.05 with targets at 107.60 & 107.35 in extension.

Alternative scenario: above 108.05 look for further upside with 108.30 & 108.50 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

Gold spot Intraday: the upside prevails.

Pivot: 1415.00

Our preference: long positions above 1415.00 with targets at 1436.00 & 1446.00 in extension.

Alternative scenario: below 1415.00 look for further downside with 1406.00 & 1398.00 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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