TC FX Analysis

Date:2018/8/07 Gold spot Intraday: key resistance at 1211.50.

EUR/USD Intraday: key resistance at 1.1570.

Pivot: 1.1570

Our preference: short positions below 1.1570 with targets at 1.1545 & 1.1530 in extension.

Alternative scenario: above 1.1570 look for further upside with 1.1590 & 1.1610 as targets.

Comment: as long as the resistance at 1.1570 is not surpassed, the risk of the break below 1.1545 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

GBP/USD Intraday: watch 1.2920.

Pivot: 1.2970

Our preference: short positions below 1.2970 with targets at 1.2920 & 1.2890 in extension.

Alternative scenario: above 1.2970 look for further upside with 1.3005 & 1.3040 as targets.

Comment: a break below 1.2920 would trigger a drop towards 1.2890.

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: under pressure.

Pivot: 0.7400

Our preference: short positions below 0.7400 with targets at 0.7375 & 0.7360 in extension.

Alternative scenario: above 0.7400 look for further upside with 0.7410 & 0.7425 as targets.

Comment: as long as the resistance at 0.7400 is not surpassed, the risk of the break below 0.7375 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

USD/JPY Intraday: under pressure.

Pivot: 111.50

Our preference: short positions below 111.50 with targets at 111.20 & 111.05 in extension.

Alternative scenario: above 111.50 look for further upside with 111.65 & 111.85 as targets.

Comment: the RSI advocates 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

Gold spot Intraday: key resistance at 1211.50.

Pivot: 1211.50

Our preference: short positions below 1211.50 with targets at 1204.00 & 1200.00 in extension.

Alternative scenario: above 1211.50 look for further upside with 1217.00 & 1220.00 as targets.

Comment: the RSI is mixed to bearish.

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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