TC FX Analysis

Date:2019/8/16 Gold spot Intraday: 1542.00 in sight.

EUR/USD Intraday: capped by a negative trend line.

Pivot:
1.1125

Our preference:
short positions below 1.1125 with targets at 1.1090 & 1.1075 in extension.

Alternative scenario:
above 1.1125 look for further upside with 1.1145 & 1.1160 as targets.

Comment:
as long as the resistance at 1.1125 is not surpassed, the risk of the break below 1.1090 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: watch 1.2060.

Pivot:
1.2110

Our preference:
short positions below 1.2110 with targets at 1.2075 & 1.2060 in extension.

Alternative scenario:
above 1.2110 look for further upside with 1.2135 & 1.2150 as targets.

Comment:
a break below 1.2075 would trigger a drop towards 1.2060.

  • 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 0.6750.

Pivot:
0.6785

Our preference:
short positions below 0.6785 with targets at 0.6765 & 0.6750 in extension.

Alternative scenario:
above 0.6785 look for further upside with 0.6800 & 0.6815 as targets.

Comment:
the RSI shows downside 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: bullish bias above 105.75.

Pivot:
105.75

Our preference:
long positions above 105.75 with targets at 106.35 & 106.60 in extension.

Alternative scenario:
below 105.75 look for further downside with 105.50 & 105.05 as targets.

Comment:
a support base at 105.75 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

Gold spot Intraday: 1542.00 in sight.

Pivot:
1515.00

Our preference:
long positions above 1515.00 with targets at 1535.00 & 1542.00 in extension.

Alternative scenario:
below 1515.00 look for further downside with 1508.00 & 1502.00 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

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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