TC FX Analysis

Date:2019/7/26 USD/JPY Intraday: the upside prevails.

EUR/USD Intraday: under pressure.

Pivot: 1.1165

Our preference: short positions below 1.1165 with targets at 1.1125 & 1.1105 in extension.

Alternative scenario: above 1.1165 look for further upside with 1.1185 & 1.1205 as targets.

Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

  • 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: 1.2470

Our preference: short positions below 1.2470 with targets at 1.2435 & 1.2415 in extension.

Alternative scenario: above 1.2470 look for further upside with 1.2500 & 1.2520 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: watch 0.6920.

Pivot: 0.6975

Our preference: short positions below 0.6975 with targets at 0.6940 & 0.6920 in extension.

Alternative scenario: above 0.6975 look for further upside with 0.6990 & 0.7005 as targets.

Comment: a break below 0.6940 would trigger a drop towards 0.6920.

  • 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: the upside prevails.

Pivot: 108.45

Our preference: long positions above 108.45 with targets at 108.80 & 109.00 in extension.

Alternative scenario: below 108.45 look for further downside with 108.25 & 108.00 as targets.

Comment: the break above 108.45 is a positive signal that has opened a path to 108.80.

  • 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: 1419.50

Our preference: short positions below 1419.50 with targets at 1411.00 & 1406.00 in extension.

Alternative scenario: above 1419.50 look for further upside with 1423.00 & 1427.00 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

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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