TC FX Analysis

Date:2019/8/28 AUD/USD Intraday: under pressure.

EUR/USD Intraday: look for 1.1060.

Pivot:
1.1105

Our preference:
short positions below 1.1105 with targets at 1.1075 & 1.1060 in extension.

Alternative scenario:
above 1.1105 look for further upside with 1.1120 & 1.1135 as targets.

Comment:
the RSI lacks upward momentum.

  • 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: the upside prevails.

Pivot:
1.2250

Our preference:
long positions above 1.2250 with targets at 1.2305 & 1.2340 in extension.

Alternative scenario:
below 1.2250 look for further downside with 1.2230 & 1.2205 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

AUD/USD Intraday: under pressure.

Pivot:
0.6770

Our preference:
short positions below 0.6770 with targets at 0.6740 & 0.6725 in extension.

Alternative scenario:
above 0.6770 look for further upside with 0.6785 & 0.6800 as targets.

Comment:
technically the RSI is below 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: under pressure.

Pivot:
106.05

Our preference:
short positions below 106.05 with targets at 105.55 & 105.10 in extension.

Alternative scenario:
above 106.05 look for further upside with 106.35 & 106.75 as targets.

Comment:
the RSI lacks upward 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: towards 1563.00.

Pivot:
1533.50

Our preference:
long positions above 1533.50 with targets at 1554.00 & 1563.00 in extension.

Alternative scenario:
below 1533.50 look for further downside with 1525.00 & 1519.00 as targets.

Comment:
the RSI is mixed with a bullish 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.

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