TC FX Analysis

Date:2019/8/14 EUR/USD Intraday: key resistance at 1.1195.

EUR/USD Intraday: key resistance at 1.1195.

Pivot:
1.1195

Our preference:
short positions below 1.1195 with targets at 1.1160 & 1.1140 in extension.

Alternative scenario:
above 1.1195 look for further upside with 1.1225 & 1.1240 as targets.

Comment:
the break below 1.1195 is a negative signal that has opened a path to 1.1160.

  • 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: under pressure.

Pivot:
1.2075

Our preference:
short positions below 1.2075 with targets at 1.2040 & 1.2015 in extension.

Alternative scenario:
above 1.2075 look for further upside with 1.2100 & 1.2130 as targets.

Comment:
as long as 1.2075 is resistance, likely decline to 1.2040.

  • 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: bullish bias above 0.6775.

Pivot:
0.6775

Our preference:
long positions above 0.6775 with targets at 0.6815 & 0.6830 in extension.

Alternative scenario:
below 0.6775 look for further downside with 0.6750 & 0.6725 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

USD/JPY Intraday: target 107.20.

Pivot:
106.25

Our preference:
long positions above 106.25 with targets at 106.95 & 107.20 in extension.

Alternative scenario:
below 106.25 look for further downside with 105.85 & 105.50 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

Gold spot Intraday: key resistance at 1514.00.

Pivot:
1514.00

Our preference:
short positions below 1514.00 with targets at 1485.00 & 1479.00 in extension.

Alternative scenario:
above 1514.00 look for further upside with 1520.00 & 1527.00 as targets.

Comment:
as long as 1514.00 is resistance, expect a return to 1485.00.

  • 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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