TC FX Analysis

Date:2018/8/21 USD/JPY Intraday: the downside prevails.

EUR/USD Intraday: the upside prevails.
Pivot: 1.1455

Our preference: long positions above 1.1455 with targets at 1.1535 & 1.1560 in extension.

Alternative scenario: below 1.1455 look for further downside with 1.1435 & 1.1390 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

GBP/USD Intraday: continuation of the rebound.
Pivot: 1.2765

Our preference: long positions above 1.2765 with targets at 1.2840 & 1.2855 in extension.

Alternative scenario: below 1.2765 look for further downside with 1.2725 & 1.2705 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

AUD/USD Intraday: further advance.
Pivot: 0.7315

Our preference: long positions above 0.7315 with targets at 0.7380 & 0.7395 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: the downside prevails.
Pivot: 110.30

Our preference: short positions below 110.30 with targets at 109.50 & 109.30 in extension.

Alternative scenario: above 110.30 look for further upside with 110.50 & 110.70 as targets.

Comment: as long as 110.30 is resistance, likely decline to 109.50.

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: further upside.
Pivot: 1182.50

Our preference: long positions above 1182.50 with targets at 1196.00 & 1202.00 in extension.

Alternative scenario: below 1182.50 look for further downside with 1176.00 & 1173.00 as targets.

Comment: the RSI advocates 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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