TC FX Analysis

Date:2018/8/27 EUR/USD Intraday: the bias remains bullish.

EUR/USD Intraday: the bias remains bullish.
Pivot: 1.1590

Our preference: long positions above 1.1590 with targets at 1.1700 & 1.1730 in extension.

Alternative scenario: below 1.1590 look for further downside with 1.1555 & 1.1525 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 produced

GBP/USD Intraday: further advance.
Pivot: 1.2830

Our preference: long positions above 1.2830 with targets at 1.2885 & 1.2910 in extension.

Alternative scenario: below 1.2830 look for further downside with 1.2800 & 1.2780 as targets.

Comment: the RSI calls for a bounce.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point  | Black represents the price when the report was produced

AUD/USD Intraday: the upside prevails.
Pivot: 0.7315

Our preference: long positions above 0.7315 with targets at 0.7365 & 0.7380 in extension.

Alternative scenario: below 0.7315 look for further downside with 0.7285 & 0.7265 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 produced

USD/JPY Intraday: continuation of the rebound.
Pivot: 111.00

Our preference: long positions above 111.00 with targets at 111.75 & 112.00 in extension.

Alternative scenario: below 111.00 look for further downside with 110.70 & 110.35 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 produced

Gold spot Intraday: the upside prevails.
Pivot: 1201.50

Our preference: long positions above 1201.50 with targets at 1213.00 & 1217.00 in extension.

Alternative scenario: below 1201.50 look for further downside with 1196.50 & 1192.50 as targets.

Comment: the RSI is bullish and calls 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 produced

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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