TC FX Analysis

Date:2019/9/02 EUR/USD Intraday: key resistance at 1.1015.

EUR/USD Intraday: key resistance at 1.1015.

Pivot:
1.1015

Our preference:
short positions below 1.1015 with targets at 1.0965 & 1.0945 in extension.

Alternative scenario:
above 1.1015 look for further upside with 1.1035 & 1.1050 as targets.

Comment:
as long as the resistance at 1.1015 is not surpassed, the risk of the break below 1.0965 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: key resistance at 1.2170.

Pivot:
1.2170

Our preference:
short positions below 1.2170 with targets at 1.2140 & 1.2120 in extension.

Alternative scenario:
above 1.2170 look for further upside with 1.2190 & 1.2210 as targets.

Comment:
the upward potential is likely to be limited by the resistance at 1.2170.

  • 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: bullish bias above 0.6715.

Pivot:
0.6715

Our preference:
long positions above 0.6715 with targets at 0.6740 & 0.6755 in extension.

Alternative scenario:
below 0.6715 look for further downside with 0.6700 & 0.6685 as targets.

Comment:
a support base at 0.6715 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

USD/JPY Intraday: under pressure.

Pivot:
106.40

Our preference:
short positions below 106.40 with targets at 105.85 & 105.60 in extension.

Alternative scenario:
above 106.40 look for further upside with 106.70 & 107.00 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

Gold spot Intraday: turning up.

Pivot:
1523.50

Our preference:
long positions above 1523.50 with targets at 1536.00 & 1542.50 in extension.

Alternative scenario:
below 1523.50 look for further downside with 1517.00 & 1509.00 as targets.

Comment:
the RSI is bullish and calls 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

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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