TC FX Analysis

Date:2019/8/20 GBP/USD Intraday: under pressure.

EUR/USD Intraday: under pressure.

Pivot:
1.1100

Our preference:
short positions below 1.1100 with targets at 1.1065 & 1.1050 in extension.

Alternative scenario:
above 1.1100 look for further upside with 1.1115 & 1.1135 as targets.

Comment:
as long as the resistance at 1.1100 is not surpassed, the risk of the break below 1.1065 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: under pressure.

Pivot:
1.2145

Our preference:
short positions below 1.2145 with targets at 1.2110 & 1.2090 in extension.

Alternative scenario:
above 1.2145 look for further upside with 1.2170 & 1.2190 as targets.

Comment:
as long as 1.2145 is resistance, likely decline to 1.2110.

  • 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: towards 0.6745.

Pivot:
0.6775

Our preference:
short positions below 0.6775 with targets at 0.6755 & 0.6745 in extension.

Alternative scenario:
above 0.6775 look for further upside with 0.6785 & 0.6795 as targets.

Comment:
the RSI is bearish and calls 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

USD/JPY Intraday: watch 106.95.

Pivot:
106.40

Our preference:
long positions above 106.40 with targets at 106.70 & 106.95 in extension.

Alternative scenario:
below 106.40 look for further downside with 106.15 & 105.95 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: capped by a negative trend line.

Pivot:
1503.00

Our preference:
short positions below 1503.00 with targets at 1492.00 & 1485.00 in extension.

Alternative scenario:
above 1503.00 look for further upside with 1510.00 & 1515.00 as targets.

Comment:
the RSI is mixed to bearish.

  • 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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