TC FX Analysis

Date:2019/8/29 USD/JPY Intraday: continuation of the rebound.

EUR/USD Intraday: watch 1.1050.

Pivot:
1.1095

Our preference:
short positions below 1.1095 with targets at 1.1070 & 1.1050 in extension.

Alternative scenario:
above 1.1095 look for further upside with 1.1115 & 1.1135 as targets.

Comment:
as long as the resistance at 1.1095 is not surpassed, the risk of the break below 1.1070 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: under pressure.

Pivot:
1.2255

Our preference:
short positions below 1.2255 with targets at 1.2190 & 1.2155 in extension.

Alternative scenario:
above 1.2255 look for further upside with 1.2280 & 1.2300 as targets.

Comment:
a break below 1.2190 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: target 0.6715.

Pivot:
0.6750

Our preference:
short positions below 0.6750 with targets at 0.6730 & 0.6715 in extension.

Alternative scenario:
above 0.6750 look for further upside with 0.6760 & 0.6770 as targets.

Comment:
a break below 0.6730 would trigger a drop towards 0.6715.

  • 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: continuation of the rebound.

Pivot:
105.85

Our preference:
long positions above 105.85 with targets at 106.25 & 106.50 in extension.

Alternative scenario:
below 105.85 look for further downside with 105.55 & 105.10 as targets.

Comment:
the break above 105.85 is a positive signal that has opened a path to 106.25.

  • 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 bias remains bullish.

Pivot:
1533.00

Our preference:
long positions above 1533.00 with targets at 1549.00 & 1555.00 in extension.

Alternative scenario:
below 1533.00 look for further downside with 1525.50 & 1519.00 as targets.

Comment:
a support base at 1533.00 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.

Revisit Appointment

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

User experience score