TC FX Analysis

Date:2018/8/14 EUR/USD Intraday: under pressure.

EUR/USD Intraday: under pressure.

Pivot: 1.1430

Our preference: short positions below 1.1430 with targets at 1.1365 & 1.1330 in extension.

Alternative scenario: above 1.1430 look for further upside with 1.1480 & 1.1515 as targets.

Comment: as long as the resistance at 1.1430 is not surpassed, the risk of the break below 1.1365 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 1.2740.

Pivot: 1.2790

Our preference: short positions below 1.2790 with targets at 1.2740 & 1.2720 in extension.

Alternative scenario: above 1.2790 look for further upside with 1.2820 & 1.2850 as targets.

Comment: as long as the resistance at 1.2790 is not surpassed, the risk of the break below 1.2740 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: 0.7250 expected.

Pivot: 0.7290

Our preference: short positions below 0.7290 with targets at 0.7250 & 0.7225 in extension.

Alternative scenario: above 0.7290 look for further upside with 0.7325 & 0.7360 as targets.

Comment: a break below 0.7250 would trigger a drop towards 0.7225.

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: bullish bias above 110.45.

Pivot: 110.45

Our preference: long positions above 110.45 with targets at 110.95 & 111.20 in extension.

Alternative scenario: below 110.45 look for further downside with 110.10 & 109.90 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

Gold spot Intraday: key resistance at 1201.00.

Pivot: 1201.00

Our preference: short positions below 1201.00 with targets at 1189.00 & 1184.50 in extension.

Alternative scenario: above 1201.00 look for further upside with 1206.00 & 1290.50 as targets.

Comment: the RSI advocates 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

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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