TC FX Analysis

Date:2019/9/03 GBP/USD Intraday: 1.2010 expected.

EUR/USD Intraday: watch 1.0930.

Pivot:
1.0980

Our preference:
short positions below 1.0980 with targets at 1.0950 & 1.0930 in extension.

Alternative scenario:
above 1.0980 look for further upside with 1.1000 & 1.1015 as targets.

Comment:
a break below 1.0950 would trigger a drop towards 1.0930.

  • 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: 1.2010 expected.

Pivot:
1.2100

Our preference:
short positions below 1.2100 with targets at 1.2035 & 1.2010 in extension.

Alternative scenario:
above 1.2100 look for further upside with 1.2140 & 1.2170 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

AUD/USD Intraday: the downside prevails.

Pivot:
0.6725

Our preference:
short positions below 0.6725 with targets at 0.6705 & 0.6690 in extension.

Alternative scenario:
above 0.6725 look for further upside with 0.6740 & 0.6755 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

USD/JPY Intraday: look for 105.85.

Pivot:
106.40

Our preference:
short positions below 106.40 with targets at 106.05 & 105.85 in extension.

Alternative scenario:
above 106.40 look for further upside with 106.55 & 106.70 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: consolidation in place.

Pivot:
1531.00

Our preference:
short positions below 1531.00 with targets at 1521.00 & 1517.00 in extension.

Alternative scenario:
above 1531.00 look for further upside with 1536.00 & 1542.00 as targets.

Comment:
as long as 1531.00 is resistance, expect a return to 1521.00.

  • 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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