TC FX Analysis

Date:2019/8/21 AUD/USD Intraday: caution.

EUR/USD Intraday: the bias remains bullish.

Pivot:
1.1085

Our preference:
long positions above 1.1085 with targets at 1.1110 & 1.1120 in extension.

Alternative scenario:
below 1.1085 look for further downside with 1.1065 & 1.1050 as targets.

Comment:
the break above 1.1085 is a positive signal that has opened a path to 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: watch 1.2200.

Pivot:
1.2140

Our preference:
long positions above 1.2140 with targets at 1.2180 & 1.2200 in extension.

Alternative scenario:
below 1.2140 look for further downside with 1.2120 & 1.2100 as targets.

Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

  • 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:
0.6770

Our preference:
long positions above 0.6770 with targets at 0.6785 & 0.6795 in extension.

Alternative scenario:
below 0.6770 look for further downside with 0.6760 & 0.6750 as targets.

Comment:
a support base at 0.6770 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: under pressure.

Pivot:
106.40

Our preference:
short positions below 106.40 with targets at 106.10 & 105.90 in extension.

Alternative scenario:
above 106.40 look for further upside with 106.70 & 106.95 as targets.

Comment:
the break below 106.40 is a negative signal that has opened a path to 106.10.

  • 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: the bias remains bullish.

Pivot:
1501.00

Our preference:
long positions above 1501.00 with targets at 1512.50 & 1517.00 in extension.

Alternative scenario:
below 1501.00 look for further downside with 1493.00 & 1486.00 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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