TC FX Analysis

Date:2018/8/06 EUR/USD Intraday: turning down.

EUR/USD Intraday: turning down.

Pivot: 1.1600

Our preference: short positions below 1.1600 with targets at 1.1540 & 1.1510 in extension.

Alternative scenario: above 1.1600 look for further upside with 1.1630 & 1.1655 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

GBP/USD Intraday: under pressure.

Pivot: 1.3025

Our preference: short positions below 1.3025 with targets at 1.2990 & 1.2970 in extension.

Alternative scenario: above 1.3025 look for further upside with 1.3045 & 1.3065 as targets.

Comment: as long as 1.3025 is resistance, expect a return to 1.2990.

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: the bias remains bullish.

Pivot: 0.7380

Our preference: long positions above 0.7380 with targets at 0.7410 & 0.7425 in extension.

Alternative scenario: below 0.7380 look for further downside with 0.7365 & 0.7345 as targets.

Comment: technically the RSI is above its neutrality area at 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

USD/JPY Intraday: watch 111.05.

Pivot: 111.50

Our preference: short positions below 111.50 with targets at 111.05 & 110.85 in extension.

Alternative scenario: above 111.50 look for further upside with 111.75 & 112.00 as targets.

Comment: as long as the resistance at 111.50 is not surpassed, the risk of the break below 111.05 remains high.

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: bullish bias above 1210.50.

Pivot: 1210.50

Our preference: long positions above 1210.50 with targets at 1219.50 & 1222.00 in extension.

Alternative scenario: below 1210.50 look for further downside with 1207.00 & 1204.00 as targets.

Comment: the RSI has just landed on its neutrality area at 50% and is turning up.

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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