TC FX Analysis

Date:2019/9/05 EUR/USD Intraday: the upside prevails.

EUR/USD Intraday: the upside prevails.

Pivot:1.1005

Our preference: long positions above 1.1005 with targets at 1.1050 & 1.1070 in extension.

Alternative scenario: below 1.1005 look for further downside with 1.0980 & 1.0960 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

GBP/USD Intraday: target 1.2295.

Pivot:1.2210

Our preference: long positions above 1.2210 with targets at 1.2260 & 1.2295 in extension.

Alternative scenario: below 1.2210 look for further downside with 1.2170 & 1.2135 as targets.

Comment: the RSI advocates for further advance.

  • 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: further advance.

Pivot:0.6780

Our preference: long positions above 0.6780 with targets at 0.6815 & 0.6835 in extension.

Alternative scenario: below 0.6780 look for further downside with 0.6765 & 0.6750 as targets.

Comment: the break above 0.6780 is a positive signal that has opened a path to 0.6815.

  • 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 106.65.

Pivot:106.15

Our preference: long positions above 106.15 with targets at 106.45 & 106.65 in extension.

Alternative scenario: below 106.15 look for further downside with 105.95 & 105.75 as targets.

Comment: the RSI lacks downward 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:the bias remains bullish.

Pivot:1545.00

Our preference: long positions above 1545.00 with targets at 1557.00 & 1566.00 in extension.

Alternative scenario: below 1545.00 look for further downside with 1539.00 & 1534.00 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

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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