TC FX Analysis

Date:2019/8/09 EUR/USD Intraday:towards 1.1140.

EUR/USD Intraday:towards 1.1140.

Pivot:1.1215

Our preference: short positions below 1.1215 with targets at 1.1170 & 1.1140 in extension.

Alternative scenario: above 1.1215 look for further upside with 1.1245 & 1.1265 as targets.

Comment: the RSI advocates for further downside.

  • 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:bullish bias above 1.2125.

Pivot: 1.2125

Our preference: long positions above 1.2125 with targets at 1.2150 & 1.2165 in extension.

Alternative scenario: below 1.2125 look for further downside with 1.2110 & 1.2095 as targets.

Comment: a support base at 1.2125 has formed and has allowed for a temporary stabilisation.

  • 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:caution.

Pivot:0.6780

Our preference: long positions above 0.6780 with targets at 0.6820 & 0.6850 in extension.

Alternative scenario: below 0.6780 look for further downside with 0.6750 & 0.6725 as targets.

Comment: a support base at 0.6780 has formed and has allowed for a temporary stabilisation.

  • 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 105.15.

Pivot:106.30

Our preference: short positions below 106.30 with targets at 105.50 & 105.15 in extension.

Alternative scenario: above 106.30 look for further upside with 106.60 & 107.00 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

Gold spot Intraday: towards 1517.00.

Pivot: 1495.00

Our preference: long positions above 1495.00 with targets at 1510.00 & 1517.00 in extension.

Alternative scenario: below 1495.00 look for further downside with 1489.00 & 1481.00 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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