TC FX Analysis

Date:2018/8/13 AUD/USD Intraday: the downside prevails.

EUR/USD Intraday: watch 1.1380.

Pivot: 1.1440

Our preference: short positions below 1.1440 with targets at 1.1380 & 1.1340 in extension.

Alternative scenario: above 1.1440 look for further upside with 1.1485 & 1.1535 as targets.

Comment: a break below 1.1380 would trigger a drop towards 1.1340.

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: 1.2790

Our preference: short positions below 1.2790 with targets at 1.2720 & 1.2680 in extension.

Alternative scenario: above 1.2790 look for further upside with 1.2835 & 1.2880 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1.2790.

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 downside prevails.

Pivot: 0.7320

Our preference: short positions below 0.7320 with targets at 0.7275 & 0.7250 in extension.

Alternative scenario: above 0.7320 look for further upside with 0.7360 & 0.7390 as targets.

Comment: a break below 0.7275 would trigger a drop towards 0.7250.

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: 110.90

Our preference: short positions below 110.90 with targets at 110.45 & 110.25 in extension.

Alternative scenario: above 110.90 look for further upside with 111.20 & 111.50 as targets.

Comment: as long as the resistance at 110.90 is not surpassed, the risk of the break below 110.45 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: consolidation in place.

Pivot: 1217.25

Our preference: short positions below 1217.25 with targets at 1206.75 & 1204.00 in extension.

Alternative scenario: above 1217.25 look for further upside with 1220.25 & 1225.00 as targets.

Comment: as long as 1217.25 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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