TC FX Analysis

Date:2018/8/09 EUR/USD Intraday: the bias remains bullish.

EUR/USD Intraday: the bias remains bullish.

Pivot: 1.1590

Our preference: long positions above 1.1590 with targets at 1.1630 & 1.1655 in extension.

Alternative scenario: below 1.1590 look for further downside with 1.1570 & 1.1550 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

GBP/USD Intraday: under pressure.

Pivot: 1.2920

Our preference: short positions below 1.2920 with targets at 1.2850 & 1.2820 in extension.

Alternative scenario: above 1.2920 look for further upside with 1.2960 & 1.2990 as targets.

Comment: as long as the resistance at 1.2920 is not surpassed, the risk of the break below 1.2850 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

AUD/USD Intraday: watch 0.7440.

Pivot: 0.7415

Our preference: long positions above 0.7415 with targets at 0.7440 & 0.7450 in extension.

Alternative scenario: below 0.7415 look for further downside with 0.7400 & 0.7380 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

USD/JPY Intraday: towards 110.70.

Pivot: 111.15

Our preference: short positions below 111.15 with targets at 110.70 & 110.45 in extension.

Alternative scenario: above 111.15 look for further upside with 111.35 & 111.55 as targets.

Comment: the RSI shows downside 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

Gold spot Intraday: consolidation in place.

Pivot: 1215.50

Our preference: short positions below 1215.50 with targets at 1210.50 & 1208.00 in extension.

Alternative scenario: above 1215.50 look for further upside with 1218.00 & 1220.00 as targets.

Comment: as long as 1215.50 is resistance, look for choppy price action with a bearish 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

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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