TC FX Analysis

Date:2019/8/08 USD/JPY Intraday: further upside.

EUR/USD Intraday: under pressure.

Pivot:
1.1235

Our preference:
short positions below 1.1235 with targets at 1.1180 & 1.1155 in extension.

Alternative scenario:
above 1.1235 look for further upside with 1.1265 & 1.1285 as targets.

Comment:
the RSI is bearish and calls for further decline.

  • 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: key resistance at 1.2165.

Pivot:
1.2165

Our preference:
short positions below 1.2165 with targets at 1.2135 & 1.2120 in extension.

Alternative scenario:
above 1.2165 look for further upside with 1.2190 & 1.2210 as targets.

Comment:
a break below 1.2135 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: continuation of the rebound.

Pivot:
0.6740

Our preference:
long positions above 0.6740 with targets at 0.6780 & 0.6800 in extension.

Alternative scenario:
below 0.6740 look for further downside with 0.6720 & 0.6700 as targets.

Comment:
the RSI is bullish and calls 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

USD/JPY Intraday: further upside.

Pivot:
105.85

Our preference:
long positions above 105.85 with targets at 106.30 & 106.60 in extension.

Alternative scenario:
below 105.85 look for further downside with 105.45 & 105.05 as targets.

Comment:
the break above 105.85 is a positive signal that has opened a path to 106.30.

  • 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:
1491.00

Our preference:
long positions above 1491.00 with targets at 1510.00 & 1521.00 in extension.

Alternative scenario:
below 1491.00 look for further downside with 1481.00 & 1472.00 as targets.

Comment:
the RSI has just landed on its neutrality area at 50% and is turning up.

  • 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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