TC FX Analysis

Date:2019/8/22 USD/JPY Intraday: further advance.

EUR/USD Intraday: key resistance at 1.1105.

Pivot:
1.1105

Our preference:
short positions below 1.1105 with targets at 1.1080 & 1.1065 in extension.

Alternative scenario:
above 1.1105 look for further upside with 1.1120 & 1.1140 as targets.

Comment:
a break below 1.1080 would trigger a drop towards 1.1065.

  • 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 1.2100.

Pivot:
1.2150

Our preference:
short positions below 1.2150 with targets at 1.2115 & 1.2100 in extension.

Alternative scenario:
above 1.2150 look for further upside with 1.2175 & 1.2200 as targets.

Comment:
a break below 1.2115 would trigger a drop towards 1.2100.

  • 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 0.6770.

Pivot:
0.6770

Our preference:
long positions above 0.6770 with targets at 0.6800 & 0.6810 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: further advance.

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:
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

Gold spot Intraday: intraday support around 1498.00.

Pivot:
1498.00

Our preference:
long positions above 1498.00 with targets at 1509.00 & 1512.50 in extension.

Alternative scenario:
below 1498.00 look for further downside with 1493.00 & 1488.00 as targets.

Comment:
the RSI has just landed on its neutrality area at 50% and is turning up.

  • 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.

Revisit Appointment

  • Our service time is 09:00-22:00,
    Monday to Friday (GMT+8)

User experience score