TC FX Analysis

Date:2019/8/30 Gold spot Intraday: target 1509.00.

EUR/USD Intraday: key resistance at 1.1075.

Pivot:
1.1075

Our preference:
short positions below 1.1075 with targets at 1.1040 & 1.1025 in extension.

Alternative scenario:
above 1.1075 look for further upside with 1.1095 & 1.1115 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

GBP/USD Intraday:watch 1.2150.

Pivot:
1.2210

Our preference:
short positions below 1.2210 with targets at 1.2170 & 1.2150 in extension.

Alternative scenario:
above 1.2210 look for further upside with 1.2235 & 1.2255 as targets.

Comment:
a break below 1.2170 would trigger a drop towards 1.2150.

  • 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:0.6710 expected.

Pivot:
0.6750

Our preference:
short positions below 0.6750 with targets at 0.6725 & 0.6710 in extension.

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

Comment:
a break below 0.6725 would trigger a drop towards 0.6710.

  • 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:the bias remains bullish.

Pivot:
106.20

Our preference:
long positions above 106.20 with targets at 106.70 & 107.05 in extension.

Alternative scenario:
below 106.20 look for further downside with 105.85 & 105.60 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

Gold spot Intraday: target 1509.00.

Pivot:
1535.50

Our preference:
short positions below 1535.50 with targets at 1519.50 & 1509.00 in extension.

Alternative scenario:
above 1535.50 look for further upside with 1542.50 & 1550.00 as targets.

Comment:
the RSI is bearish and calls for further downside.

  • 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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