TC FX Analysis

Date:2018/8/03 USD/JPY Intraday: continuation of the rebound.

EUR/USD Intraday: the downside prevails.

Pivot: 1.1610

Our preference: short positions below 1.1610 with targets at 1.1570 & 1.1540 in extension.

Alternative scenario: above 1.1610 look for further upside with 1.1630 & 1.1655 as targets.

Comment: a break below 1.1570 would trigger a drop towards 1.1540.

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: 1.3000 in sight.

Pivot: 1.3065

Our preference: short positions below 1.3065 with targets at 1.3000 & 1.2965 in extension.

Alternative scenario: above 1.3065 look for further upside with 1.3095 & 1.3140 as targets.

Comment: the RSI lacks upward 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

AUD/USD Intraday: towards 0.7350.

Pivot: 0.7385

Our preference: short positions below 0.7385 with targets at 0.7350 & 0.7330 in extension.

Alternative scenario: above 0.7385 look for further upside with 0.7400 & 0.7420 as targets.

Comment: a break below 0.7350 would trigger a drop towards 0.7330.

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: 111.50

Our preference: long positions above 111.50 with targets at 111.80 & 112.00 in extension.

Alternative scenario: below 111.50 look for further downside with 111.30 & 111.15 as targets.

Comment: the RSI calls for a new upleg.

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: under pressure.

Pivot: 1214.00

Our preference: short positions below 1214.00 with targets at 1206.00 & 1202.25 in extension.

Alternative scenario: above 1214.00 look for further upside with 1220.50 & 1225.00 as targets.

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

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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