TC FX Analysis

Date:2018/8/16 AUD/USD Intraday: rebound expected.

EUR/USD Intraday: rebound expected.

Pivot: 1.1300

Our preference: long positions above 1.1300 with targets at 1.1380 & 1.1400 in extension.

Alternative scenario: below 1.1300 look for further downside with 1.1270 & 1.1240 as targets.

Comment: the RSI advocates for further upside.

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: 1.2735

Our preference: short positions below 1.2735 with targets at 1.2665 & 1.2640 in extension.

Alternative scenario: above 1.2735 look for further upside with 1.2780 & 1.2820 as targets.

Comment: as long as the resistance at 1.2735 is not surpassed, the risk of the break below 1.2665 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: rebound expected.

Pivot: 0.7205

Our preference: long positions above 0.7205 with targets at 0.7250 & 0.7290 in extension.

Alternative scenario: below 0.7205 look for further downside with 0.7180 & 0.7155 as targets.

Comment: a support base at 0.7205 has formed and has allowed for a temporary stabilisation.

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: the downside prevails.

Pivot: 110.75

Our preference: short positions below 110.75 with targets at 110.40 & 110.15 in extension.

Alternative scenario: above 110.75 look for further upside with 110.95 & 111.20 as targets.

Comment: a break below 110.40 would trigger a drop towards 110.15.

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: the downside prevails.

Pivot: 1184.00

Our preference: short positions below 1184.00 with targets at 1165.00 & 1160.00 in extension.

Alternative scenario: above 1184.00 look for further upside with 1189.00 & 1195.00 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

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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