TC FX Analysis

Date:2018/8/17 EUR/USD Intraday: bullish bias above 1.1350.

EUR/USD Intraday: bullish bias above 1.1350.
Pivot: 1.1350

Our preference: long positions above 1.1350 with targets at 1.1400 & 1.1430 in extension.

Alternative scenario: below 1.1350 look for further downside with 1.1330 & 1.1300 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: bullish bias above 1.2685.
Pivot: 1.2685

Our preference: long positions above 1.2685 with targets at 1.2735 & 1.2765 in extension.

Alternative scenario: below 1.2685 look for further downside with 1.2665 & 1.2640 as targets.

Comment: a support base at 1.2685 has formed and has allowed for a temporary stabilisation.

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: towards 0.7245.
Pivot: 0.7285

Our preference: short positions below 0.7285 with targets at 0.7245 & 0.7225 in extension.

Alternative scenario: above 0.7285 look for further upside with 0.7310 & 0.7335 as targets.

Comment: a break below 0.7245 would trigger a drop towards 0.7225.

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 upside prevails.
Pivot: 110.70

Our preference: long positions above 110.70 with targets at 111.15 & 111.45 in extension.

Alternative scenario: below 110.70 look for further downside with 110.40 & 110.15 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

Gold spot Intraday: capped by a negative trend line.
Pivot: 1182.00

Our preference: short positions below 1182.00 with targets at 1168.00 & 1160.00 in extension.

Alternative scenario: above 1182.00 look for further upside with 1189.00 & 1195.00 as targets.

Comment: the RSI is bearish and calls for further downside.

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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