TC FX Analysis

Date:2019/7/31 Gold spot Intraday: towards 1441.00.

EUR/USD Intraday: continuation of the rebound.

Pivot: 1.1145

Our preference: long positions above 1.1145 with targets at 1.1165 & 1.1180 in extension.

Alternative scenario: below 1.1145 look for further downside with 1.1130 & 1.1110 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: watch 1.2120.

Pivot: 1.2190

Our preference: short positions below 1.2190 with targets at 1.2145 & 1.2120 in extension.

Alternative scenario: above 1.2190 look for further upside with 1.2215 & 1.2245 as targets.

Comment: a break below 1.2145 would trigger a drop towards 1.2120.

  • 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: 0.6890

Our preference: short positions below 0.6890 with targets at 0.6860 & 0.6845 in extension.

Alternative scenario: above 0.6890 look for further upside with 0.6910 & 0.6930 as targets.

Comment: the break below 0.6890 is a negative signal that has opened a path to 0.6860.

  • 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 108.30.

Pivot: 108.70

Our preference: short positions below 108.70 with targets at 108.45 & 108.30 in extension.

Alternative scenario: above 108.70 look for further upside with 108.90 & 109.00 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

Gold spot Intraday: towards 1441.00.

Pivot: 1426.00

Our preference: long positions above 1426.00 with targets at 1437.00 & 1441.00 in extension.

Alternative scenario: below 1426.00 look for further downside with 1422.00 & 1417.00 as targets.

Comment: the RSI advocates for further advance.

  • 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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