TC FX Analysis

Date:2018/7/19 EUR/USD Intraday: bullish bias above 1.1630.

EUR/USD Intraday: bullish bias above 1.1630.

Pivot: 1.1630

Our preference: long positions above 1.1630 with targets at 1.1665 & 1.1685 in extension.

Alternative scenario: below 1.1630 look for further downside with 1.1600 & 1.1575 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

GBP/USD Intraday: rebound.

Pivot: 1.3050

Our preference: long positions above 1.3050 with targets at 1.3100 & 1.3140 in extension.

Alternative scenario: below 1.3050 look for further downside with 1.3015 & 1.2990 as targets.

Comment: the RSI has just landed on its neutrality area at 50% and is turning up.

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 upside prevails.

Pivot: 0.7375

Our preference: long positions above 0.7375 with targets at 0.7405 & 0.7420 in extension.

Alternative scenario: below 0.7375 look for further downside with 0.7355 & 0.7340 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

USD/JPY Intraday: key resistance at 113.05.

Pivot: 113.05

Our preference: short positions below 113.05 with targets at 112.70 & 112.55 in extension.

Alternative scenario: above 113.05 look for further upside with 113.30 & 113.50 as targets.

Comment: as long as the resistance at 113.05 is not surpassed, the risk of the break below 112.70 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: rebound expected.

Pivot: 1221.50

Our preference: long positions above 1221.50 with targets at 1229.00 & 1234.50 in extension.

Alternative scenario: below 1221.50 look for further downside with 1217.00 & 1214.00 as targets.

Comment: the RSI is bullish and calls 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

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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