TC FX Analysis

Date:2019/7/24 Gold spot Intraday: under pressure.

EUR/USD Intraday: target 1.1120.

Pivot: 1.1175

Our preference: short positions below 1.1175 with targets at 1.1145 & 1.1120 in extension.

Alternative scenario: above 1.1175 look for further upside with 1.1195 & 1.1210 as targets.

Comment: a break below 1.1145 would trigger a drop towards 1.1120.

  • 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: under pressure.

Pivot: 1.2455

Our preference: short positions below 1.2455 with targets at 1.2415 & 1.2400 in extension.

Alternative scenario: above 1.2455 look for further upside with 1.2480 & 1.2500 as targets.

Comment: the RSI lacks upward momentum.

  • 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 downside prevails.

Pivot: 0.7015

Our preference: short positions below 0.7015 with targets at 0.6980 & 0.6965 in extension.

Alternative scenario: above 0.7015 look for further upside with 0.7035 & 0.7055 as targets.

Comment: as long as the resistance at 0.7015 is not surpassed, the risk of the break below 0.6980 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

USD/JPY Intraday: further upside.

Pivot: 108.00

Our preference: long positions above 108.00 with targets at 108.35 & 108.60 in extension.

Alternative scenario: below 108.00 look for further downside with 107.80 & 107.60 as targets.

Comment: a support base at 108.00 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

Gold spot Intraday: under pressure.

Pivot: 1425.00

Our preference: short positions below 1425.00 with targets at 1414.00 & 1406.00 in extension.

Alternative scenario: above 1425.00 look for further upside with 1430.00 & 1435.00 as targets.

Comment: a break below 1414.00 would trigger a drop towards 1406.00.

  • 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.

Revisit Appointment

  • Our service time is 09:00-22:00,
    Monday to Friday (GMT+8)

User experience score