TC FX Analysis

Date:2019/7/30 AUD/USD Intraday: the downside prevails.

EUR/USD Intraday: the upside prevails.

Pivot: 1.1130

Our preference: long positions above 1.1130 with targets at 1.1150 & 1.1170 in extension.

Alternative scenario: below 1.1130 look for further downside with 1.1115 & 1.1100 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

GBP/USD Intraday: under pressure.

Pivot: 1.2275

Our preference: short positions below 1.2275 with targets at 1.2180 & 1.2150 in extension.

Alternative scenario: above 1.2275 look for further upside with 1.2320 & 1.2375 as targets.

Comment: the break below 1.2275 is a negative signal that has opened a path to 1.2180.

  • 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: 0.6915

Our preference: short positions below 0.6915 with targets at 0.6885 & 0.6860 in extension.

Alternative scenario: above 0.6915 look for further upside with 0.6935 & 0.6955 as targets.

Comment: as long as the resistance at 0.6915 is not surpassed, the risk of the break below 0.6885 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: aim @ 109.20.

Pivot: 108.70

Our preference: long positions above 108.70 with targets at 109.00 & 109.20 in extension.

Alternative scenario: below 108.70 look for further downside with 108.55 & 108.40 as targets.

Comment: the RSI calls for a new upleg.

  • 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 1419.50.

Pivot: 1419.50

Our preference: long positions above 1419.50 with targets at 1428.00 & 1433.50 in extension.

Alternative scenario: below 1419.50 look for further downside with 1414.50 & 1411.00 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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