TC FX Analysis

Date:2019/8/01 EUR/USD Intraday: watch 1.1035.

EUR/USD Intraday: watch 1.1035.

Pivot: 1.1110

Our preference: short positions below 1.1110 with targets at 1.1060 & 1.1035 in extension.

Alternative scenario: above 1.1110 look for further upside with 1.1130 & 1.1150 as targets.

Comment: a break below 1.1060 would trigger a drop towards 1.1035.

  • 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 1.2090.

Pivot: 1.2200

Our preference: short positions below 1.2200 with targets at 1.2120 & 1.2090 in extension.

Alternative scenario: above 1.2200 look for further upside with 1.2245 & 1.2280 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: target 0.6805.

Pivot: 0.6875

Our preference: short positions below 0.6875 with targets at 0.6830 & 0.6805 in extension.

Alternative scenario: above 0.6875 look for further upside with 0.6895 & 0.6915 as targets.

Comment: a break below 0.6830 would trigger a drop towards 0.6805.

  • 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 bias remains bullish.

Pivot: 108.65

Our preference: long positions above 108.65 with targets at 109.00 & 109.15 in extension.

Alternative scenario: below 108.65 look for further downside with 108.45 & 108.30 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

Gold spot Intraday: the downside prevails.

Pivot: 1420.00

Our preference: short positions below 1420.00 with targets at 1406.00 & 1399.00 in extension.

Alternative scenario: above 1420.00 look for further upside with 1425.00 & 1432.00 as targets.

Comment: the RSI shows downside momentum.

  • 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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