TC FX Analysis

Date:2018/8/20 Gold spot Intraday: further upside.

EUR/USD Intraday: the bias remains bullish.
Pivot: 1.1405

Our preference: long positions above 1.1405 with targets at 1.1475 & 1.1515 in extension.

Alternative scenario: below 1.1405 look for further downside with 1.1385 & 1.1365 as targets.

Comment: the RSI is supported by a bullish trend line.

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: the upside prevails.
Pivot: 1.2715

Our preference: long positions above 1.2715 with targets at 1.2755 & 1.2790 in extension.

Alternative scenario: below 1.2715 look for further downside with 1.2685 & 1.2665 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: further advance.
Pivot: 0.7285

Our preference: long positions above 0.7285 with targets at 0.7335 & 0.7360 in extension.

Alternative scenario: below 0.7285 look for further downside with 0.7265 & 0.7245 as targets.

Comment: the RSI is mixed with a bullish bias.

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: 110.70

Our preference: short positions below 110.70 with targets at 110.30 & 110.10 in extension.

Alternative scenario: above 110.70 look for further upside with 110.90 & 111.15 as targets.

Comment: the RSI calls for a drop.

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: 1176.00

Our preference: long positions above 1176.00 with targets at 1189.00 & 1195.00 in extension.

Alternative scenario: below 1176.00 look for further downside with 1168.00 & 1160.00 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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