TC FX Analysis

Date:2019/8/06 Gold spot Intraday: supported by a rising trend line.

EUR/USD Intraday: aim @ 1.1285.

Pivot: 1.1210

Our preference: long positions above 1.1210 with targets at 1.1265 & 1.1285 in extension.

Alternative scenario: below 1.1210 look for further downside with 1.1190 & 1.1170 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

GBP/USD Intraday: turning up.

Pivot: 1.2135

Our preference: long positions above 1.2135 with targets at 1.2175 & 1.2190 in extension.

Alternative scenario: below 1.2135 look for further downside with 1.2120 & 1.2100 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

AUD/USD Intraday: towards 0.6720.

Pivot: 0.6785

Our preference: short positions below 0.6785 with targets at 0.6745 & 0.6720 in extension.

Alternative scenario: above 0.6785 look for further upside with 0.6805 & 0.6820 as targets.

Comment: a break below 0.6745 would trigger a drop towards 0.6720.

  • 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 105.00.

Pivot: 106.00

Our preference: short positions below 106.00 with targets at 105.30 & 105.00 in extension.

Alternative scenario: above 106.00 look for further upside with 106.35 & 106.65 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: supported by a rising trend line.

Pivot: 1459.00

Our preference: long positions above 1459.00 with targets at 1488.00 & 1500.00 in extension.

Alternative scenario: below 1459.00 look for further downside with 1452.00 & 1445.00 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.

Revisit Appointment

  • Our service time is 09:00-22:00,
    Monday to Friday (GMT+8)

User experience score