TC FX Analysis

Date:2019/8/07 EUR/USD Intraday: key resistance at 1.1215.

EUR/USD Intraday: key resistance at 1.1215.

Pivot: 1.1215

Our preference: short positions below 1.1215 with targets at 1.1190 & 1.1170 in extension.

Alternative scenario: above 1.1215 look for further upside with 1.1230 & 1.1250 as targets.

Comment: as long as the resistance at 1.1215 is not surpassed, the risk of the break below 1.1190 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

GBP/USD Intraday: rebound expected.

Pivot: 1.2135

Our preference: long positions above 1.2135 with targets at 1.2190 & 1.2210 in extension.

Alternative scenario: below 1.2135 look for further downside with 1.2115 & 1.2100 as targets.

Comment: the RSI calls for a rebound.

  • 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: watch 0.6735.

Pivot: 0.6775

Our preference: short positions below 0.6775 with targets at 0.6750 & 0.6735 in extension.

Alternative scenario: above 0.6775 look for further upside with 0.6795 & 0.6815 as targets.

Comment: a break below 0.6750 would trigger a drop towards 0.6735.

  • 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: under pressure

Pivot: 106.65

Our preference: short positions below 106.65 with targets at 106.20 & 105.85 in extension.

Alternative scenario: above 106.65 look for further upside with 107.00 & 107.30 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: 1494.00 in sight.

Pivot: 1464.00

Our preference: long positions above 1464.00 with targets at 1488.00 & 1494.00 in extension.

Alternative scenario: below 1464.00 look for further downside with 1453.00 & 1447.00 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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