TC FX Analysis

Date:2018/8/10 USD/JPY Intraday: under pressure.

EUR/USD Intraday: watch 1.1510.

Pivot: 1.1550

Our preference: short positions below 1.1550 with targets at 1.1510 & 1.1490 in extension.

Alternative scenario: above 1.1550 look for further upside with 1.1575 & 1.1600 as targets.

Comment: the RSI has broken down its 30 level.

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: 1.2860

Our preference: short positions below 1.2860 with targets at 1.2800 & 1.2770 in extension.

Alternative scenario: above 1.2860 look for further upside with 1.2900 & 1.2930 as targets.

Comment: the break below 1.2860 is a negative signal that has opened a path to 1.2800.

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: target 0.7355.

Pivot: 0.7410

Our preference: short positions below 0.7410 with targets at 0.7355 & 0.7330 in extension.

Alternative scenario: above 0.7410 look for further upside with 0.7430 & 0.7450 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

USD/JPY Intraday: under pressure.

Pivot: 111.20

Our preference: short positions below 111.20 with targets at 110.85 & 110.70 in extension.

Alternative scenario: above 111.20 look for further upside with 111.45 & 111.60 as targets.

Comment: the index currently faces a challenging resistance area at 111.20.

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 1214.00 & 1216.00 in extension.

Alternative scenario: below 1210.50 look for further downside with 1208.00 & 1206.00 as targets.

Comment: the RSI is mixed and calls for caution.

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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