TC FX Analysis

Date:2019/8/26 EUR/USD Intraday: bullish bias above 1.1125.

EUR/USD Intraday: bullish bias above 1.1125.

Pivot:
1.1125

Our preference:
long positions above 1.1125 with targets at 1.1165 & 1.1185 in extension.

Alternative scenario:
below 1.1125 look for further downside with 1.1105 & 1.1085 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

GBP/USD Intraday: bullish bias above 1.2240.

Pivot:
1.2240

Our preference:
long positions above 1.2240 with targets at 1.2290 & 1.2310 in extension.

Alternative scenario:
below 1.2240 look for further downside with 1.2220 & 1.2195 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: key resistance at 0.6740.

Pivot:
0.6740

Our preference:
short positions below 0.6740 with targets at 0.6685 & 0.6660 in extension.

Alternative scenario:
above 0.6740 look for further upside with 0.6760 & 0.6780 as targets.

Comment:
even though a continuation of the technical rebound 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

USD/JPY Intraday: watch 104.00.

Pivot:
105.40

Our preference:
short positions below 105.40 with targets at 104.40 & 104.00 in extension.

Alternative scenario:
above 105.40 look for further upside with 105.70 & 106.00 as targets.

Comment:
even though a continuation of the technical rebound 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

Gold spot Intraday: the upside prevails.

Pivot:
1530.00

Our preference:
long positions above 1530.00 with targets at 1555.00 & 1569.00 in extension.

Alternative scenario:
below 1530.00 look for further downside with 1517.00 & 1508.00 as targets.

Comment:
the RSI shows upside momentum.

  • 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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