TC FX Analysis

Date:2019/7/29 AUD/USD Intraday: key resistance at 0.6920.

EUR/USD Intraday: target 1.1165.

Pivot: 1.1120

Our preference: long positions above 1.1120 with targets at 1.1150 & 1.1165 in extension.

Alternative scenario: below 1.1120 look for further downside with 1.1110 & 1.1100 as targets.

Comment: the RSI is bullish and calls 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: towards 1.2350.

Pivot: 1.2400

Our preference: short positions below 1.2400 with targets at 1.2370 & 1.2350 in extension.

Alternative scenario: above 1.2400 look for further upside with 1.2425 & 1.2445 as targets.

Comment: a break below 1.2370 would trigger a drop towards 1.2350.

  • 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: key resistance at 0.6920.

Pivot: 0.6920

Our preference: short positions below 0.6920 with targets at 0.6900 & 0.6885 in extension.

Alternative scenario: above 0.6920 look for further upside with 0.6935 & 0.6955 as targets.

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

Pivot: 108.65

Our preference: short positions below 108.65 with targets at 108.40 & 108.25 in extension.

Alternative scenario: above 108.65 look for further upside with 108.75 & 108.85 as targets.

Comment: the RSI has broken down its 30 level.

  • 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: turning up.

Pivot: 1416.00

Our preference: long positions above 1416.00 with targets at 1429.00 & 1433.50 in extension.

Alternative scenario: below 1416.00 look for further downside with 1411.00 & 1406.00 as targets.

Comment: the RSI calls for a rebound.

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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