TC FX Analysis

Date:2018/8/22 AUD/USD Intraday: further advance.

EUR/USD Intraday: the upside prevails.
Pivot: 1.1530

Our preference: long positions above 1.1530 with targets at 1.1630 & 1.1650 in extension.

Alternative scenario: below 1.1530 look for further downside with 1.1490 & 1.1450 as targets.

Comment: the RSI calls for a rebound.

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: continuation of the rebound.
Pivot: 1.2860

Our preference: long positions above 1.2860 with targets at 1.2945 & 1.2975 in extension.

Alternative scenario: below 1.2860 look for further downside with 1.2810 & 1.2780 as targets.

Comment: the RSI calls for a rebound.

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: further advance.
Pivot: 0.7345

Our preference: long positions above 0.7345 with targets at 0.7380 & 0.7410 in extension.

Alternative scenario: below 0.7345 look for further downside with 0.7315 & 0.7285 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: under pressure.
Pivot: 110.55

Our preference: short positions below 110.55 with targets at 109.75 & 109.55 in extension.

Alternative scenario: above 110.55 look for further upside with 110.90 & 111.10 as targets.

Comment: as long as 110.55 is resistance, expect a return to 109.75.

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: 1192.00

Our preference: long positions above 1192.00 with targets at 1199.00 & 1202.00 in extension.

Alternative scenario: below 1192.00 look for further downside with 1187.50 & 1184.00 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 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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