TC FX Analysis

Date:2019/8/05 AUD/USD Intraday: under pressure.

EUR/USD Intraday: watch 1.1135.

Pivot: 1.1095

Our preference: long positions above 1.1095 with targets at 1.1115 & 1.1135 in extension.

Alternative scenario: below 1.1095 look for further downside with 1.1080 & 1.1070 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: the upside prevails.

Pivot: 1.2130

Our preference: long positions above 1.2130 with targets at 1.2170 & 1.2200 in extension.

Alternative scenario: below 1.2130 look for further downside with 1.2105 & 1.2090 as targets.

Comment: the RSI lacks downward 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: under pressure.

Pivot: 0.6805

Our preference: short positions below 0.6805 with targets at 0.6780 & 0.6765 in extension.

Alternative scenario: above 0.6805 look for further upside with 0.6820 & 0.6830 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

USD/JPY Intraday: the downside prevails.

Pivot: 106.80

Our preference: short positions below 106.80 with targets at 106.40 & 106.20 in extension.

Alternative scenario: above 106.80 look for further upside with 107.15 & 107.55 as targets.

Comment: the break below 106.80 is a negative signal that has opened a path to 106.40.

  • 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 1434.00.

Pivot: 1434.00

Our preference: long positions above 1434.00 with targets at 1447.00 & 1452.00 in extension.

Alternative scenario: below 1434.00 look for further downside with 1427.00 & 1419.00 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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