TC FX Analysis

Date:2019/7/12 USD/JPY Intraday: further upside.

EUR/USD Intraday: under pressure.

Pivot: 1.1265

Our preference: short positions below 1.1265 with targets at 1.1240 & 1.1225 in extension.

Alternative scenario: above 1.1265 look for further upside with 1.1285 & 1.1295 as targets.

Comment: the RSI calls for a drop.

  • 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 1.2490.

Pivot: 1.2535

Our preference: short positions below 1.2535 with targets at 1.2505 & 1.2490 in extension.

Alternative scenario: above 1.2535 look for further upside with 1.2555 & 1.2570 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: intraday support around 0.6965.

Pivot: 0.6965

Our preference: long positions above 0.6965 with targets at 0.6985 & 0.7000 in extension.

Alternative scenario: below 0.6965 look for further downside with 0.6950 & 0.6930 as targets.

Comment: a support base at 0.6965 has formed and has allowed for a temporary stabilisation.

  • 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 upside.

Pivot: 108.25

Our preference: long positions above 108.25 with targets at 108.70 & 109.00 in extension.

Alternative scenario: below 108.25 look for further downside with 108.00 & 107.80 as targets.

Comment: the RSI is bullish and calls for further upside.

  • 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: look for 1392.00.

Pivot: 1412.00

Our preference: short positions below 1412.00 with targets at 1398.50 & 1392.00 in extension.

Alternative scenario: above 1412.00 look for further upside with 1419.00 & 1424.00 as targets.

Comment: the RSI is bearish and calls 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

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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