TC FX Analysis

Date:2019/7/16 GBP/USD Intraday: the downside prevails.

EUR/USD Intraday: key resistance at 1.1270.

Pivot: 1.1270

Our preference: short positions below 1.1270 with targets at 1.1250 & 1.1240 in extension.

Alternative scenario: above 1.1270 look for further upside with 1.1285 & 1.1305 as targets.

Comment: as long as the resistance at 1.1270 is not surpassed, the risk of the break below 1.1250 remains high.

  • 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 downside prevails.

Pivot: 1.2540

Our preference: short positions below 1.2540 with targets at 1.2495 & 1.2475 in extension.

Alternative scenario: above 1.2540 look for further upside with 1.2560 & 1.2580 as targets.

Comment: the break below 1.2540 is a negative signal that has opened a path to 1.2495.

  • 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 0.7060.

Pivot: 0.7025

Our preference: long positions above 0.7025 with targets at 0.7045 & 0.7060 in extension.

Alternative scenario: below 0.7025 look for further downside with 0.7010 & 0.6995 as targets.

Comment: technically the RSI is above its neutrality area at 50.

  • 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: 108.00

Our preference: short positions below 108.00 with targets at 107.75 & 107.55 in extension.

Alternative scenario: above 108.00 look for further upside with 108.10 & 108.25 as targets.

Comment: as long as the resistance at 108.00 is not surpassed, the risk of the break below 107.75 remains high.

  • 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: aim @ 1424.00.

Pivot: 1409.00

Our preference: long positions above 1409.00 with targets at 1419.00 & 1424.00 in extension.

Alternative scenario: below 1409.00 look for further downside with 1405.00 & 1400.50 as targets.

Comment: the RSI is mixed to bullish.

  • 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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