TC FX Analysis

Date:2019/8/27 GBP/USD Intraday: towards 1.2155.

EUR/USD Intraday: the downside prevails.

Pivot:
1.1125

Our preference:
short positions below 1.1125 with targets at 1.1075 & 1.1050 in extension.

Alternative scenario:
above 1.1125 look for further upside with 1.1160 & 1.1180 as targets.

Comment:
the break below 1.1125 is a negative signal that has opened a path to 1.1075.

  • 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: towards 1.2155.

Pivot:
1.2245

Our preference:
short positions below 1.2245 with targets at 1.2195 & 1.2155 in extension.

Alternative scenario:
above 1.2245 look for further upside with 1.2265 & 1.2290 as targets.

Comment:
a break below 1.2195 would trigger a drop towards 1.2155.

  • 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: watch 0.6800.

Pivot:
0.6755

Our preference:
long positions above 0.6755 with targets at 0.6785 & 0.6800 in extension.

Alternative scenario:
below 0.6755 look for further downside with 0.6740 & 0.6725 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

USD/JPY Intraday: watch 106.70.

Pivot:
105.75

Our preference:
long positions above 105.75 with targets at 106.40 & 106.70 in extension.

Alternative scenario:
below 105.75 look for further downside with 105.45 & 105.10 as targets.

Comment:
the RSI advocates for further upside.

  • 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: bullish bias above 1525.00.

Pivot:
1525.00

Our preference:
long positions above 1525.00 with targets at 1535.00 & 1543.00 in extension.

Alternative scenario:
below 1525.00 look for further downside with 1517.00 & 1508.00 as targets.

Comment:
a support base at 1525.00 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

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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