TC FX Analysis

Date:2019/8/15 AUD/USD Intraday: key resistance at 0.6760.

EUR/USD Intraday: watch 1.1110.

Pivot:
1.1160

Our preference:
short positions below 1.1160 with targets at 1.1130 & 1.1110 in extension.

Alternative scenario:
above 1.1160 look for further upside with 1.1185 & 1.1210 as targets.

Comment:
a break below 1.1130 would trigger a drop towards 1.1110.

  • 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 1.2075.

Pivot:
1.2075

Our preference:
short positions below 1.2075 with targets at 1.2045 & 1.2025 in extension.

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

Comment:
as long as the resistance at 1.2075 is not surpassed, the risk of the break below 1.2045 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

AUD/USD Intraday: key resistance at 0.6760.

Pivot:
0.6760

Our preference:
short positions below 0.6760 with targets at 0.6735 & 0.6720 in extension.

Alternative scenario:
above 0.6760 look for further upside with 0.6780 & 0.6800 as targets.

Comment:
the upward potential is likely to be limited by the resistance at 0.6760.

  • 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: capped by a negative trend line.

Pivot:
106.20

Our preference:
short positions below 106.20 with targets at 105.60 & 105.30 in extension.

Alternative scenario:
above 106.20 look for further upside with 106.60 & 106.95 as targets.

Comment:
a break below 105.60 would trigger a drop towards 105.30.

  • 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:
1508.00

Our preference:
long positions above 1508.00 with targets at 1524.00 & 1535.00 in extension.

Alternative scenario:
below 1508.00 look for further downside with 1502.00 & 1494.00 as targets.

Comment:
the RSI is mixed with a bullish bias.

  • 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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