TC FX Analysis

Date:2019/7/15 AUD/USD Intraday: the upside prevails.

EUR/USD Intraday: the bias remains bullish.

Pivot: 1.1255

Our preference: long positions above 1.1255 with targets at 1.1285 & 1.1305 in extension.

Alternative scenario: below 1.1255 look for further downside with 1.1240 & 1.1225 as targets.

Comment: the break above 1.1255 is a positive signal that has opened a path to 1.1285.

  • 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: the upside prevails.

Pivot: 1.2550

Our preference: long positions above 1.2550 with targets at 1.2590 & 1.2615 in extension.

Alternative scenario: below 1.2550 look for further downside with 1.2520 & 1.2490 as targets.

Comment: the break above 1.2550 is a positive signal that has opened a path to 1.2590.

  • 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: the upside prevails.

Pivot: 0.7005

Our preference: long positions above 0.7005 with targets at 0.7030 & 0.7045 in extension.

Alternative scenario: below 0.7005 look for further downside with 0.6980 & 0.6965 as targets.

Comment: the break above 0.7005 is a positive signal that has opened a path to 0.7030.

  • 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 108.00.

Pivot: 108.00

Our preference: short positions below 108.00 with targets at 107.70 & 107.55 in extension.

Alternative scenario: above 108.00 look for further upside with 108.25 & 108.45 as targets.

Comment: the upward potential is likely to be limited by the resistance at 108.00.

  • 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: 1424.00 in sight.

Pivot: 1410.00

Our preference: long positions above 1410.00 with targets at 1419.00 & 1424.00 in extension.

Alternative scenario: below 1410.00 look for further downside with 1405.00 & 1400.50 as targets.

Comment: the RSI is mixed with a bullish bias.

  • 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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