TC FX Analysis

Date:2019/8/23 Gold spot Intraday: consolidation.

EUR/USD Intraday: key resistance at 1.1105.

Pivot:
1.1105

Our preference:
short positions below 1.1105 with targets at 1.1065 & 1.1050 in extension.

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

Comment:
as long as the resistance at 1.1105 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: watch 1.2300.

Pivot:
1.2225

Our preference:
long positions above 1.2225 with targets at 1.2275 & 1.2300 in extension.

Alternative scenario:
below 1.2225 look for further downside with 1.2200 & 1.2175 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

AUD/USD Intraday: target 0.6735.

Pivot:
0.6775

Our preference:
short positions below 0.6775 with targets at 0.6750 & 0.6735 in extension.

Alternative scenario:
above 0.6775 look for further upside with 0.6785 & 0.6800 as targets.

Comment:
a break below 0.6750 would trigger a drop towards 0.6735.

  • 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: key resistance at 106.65.

Pivot:
106.65

Our preference:
short positions below 106.65 with targets at 106.25 & 106.10 in extension.

Alternative scenario:
above 106.65 look for further upside with 106.80 & 106.95 as targets.

Comment:
the index currently faces a challenging resistance area at 106.65.

  • 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: consolidation.

Pivot:
1503.00

Our preference:
short positions below 1503.00 with targets at 1492.50 & 1487.00 in extension.

Alternative scenario:
above 1503.00 look for further upside with 1506.00 & 1509.00 as targets.

Comment:
as long as 1503.00 is resistance, look for choppy price action with a bearish 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.

Revisit Appointment

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

User experience score