TC FX Analysis

Date:2019/7/18 EUR/USD Intraday: the upside prevails.

EUR/USD Intraday: the upside prevails.

Pivot: 1.1215

Our preference: long positions above 1.1215 with targets at 1.1240 & 1.1255 in extension.

Alternative scenario: below 1.1215 look for further downside with 1.1200 & 1.1185 as targets.

Comment: the RSI advocates 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

GBP/USD Intraday: bullish bias above 1.2415.

Pivot: 1.2415

Our preference: long positions above 1.2415 with targets at 1.2455 & 1.2485 in extension.

Alternative scenario: below 1.2415 look for further downside with 1.2380 & 1.2340 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

AUD/USD Intraday: under pressure.

Pivot: 0.7025

Our preference: short positions below 0.7025 with targets at 0.6995 & 0.6985 in extension.

Alternative scenario: above 0.7025 look for further upside with 0.7040 & 0.7060 as targets.

Comment: the RSI shows downside momentum.

  • 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: watch 107.65.

Pivot: 108.15

Our preference: short positions below 108.15 with targets at 107.80 & 107.65 in extension.

Alternative scenario: above 108.15 look for further upside with 108.30 & 108.50 as targets.

Comment: a break below 107.80 would trigger a drop towards 107.65.

  • 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: bullish bias above 1417.00.

Pivot: 1417.00

Our preference: long positions above 1417.00 with targets at 1430.00 & 1434.00 in extension.

Alternative scenario: below 1417.00 look for further downside with 1410.00 & 1406.00 as targets.

Comment: the RSI advocates 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

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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