TC FX Analysis

Date:2018/7/20 AUD/USD Intraday: continuation of the rebound.

EUR/USD Intraday: the upside prevails.

Pivot: 1.1615

Our preference: long positions above 1.1615 with targets at 1.1665 & 1.1700 in extension.

Alternative scenario: below 1.1615 look for further downside with 1.1595 & 1.1575 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

GBP/USD Intraday: continuation of the rebound.

Pivot: 1.2980

Our preference: long positions above 1.2980 with targets at 1.3050 & 1.3080 in extension.

Alternative scenario: below 1.2980 look for further downside with 1.2955 & 1.2915 as targets.

Comment: the RSI calls for a rebound.

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: continuation of the rebound.

Pivot: 0.7345

Our preference: long positions above 0.7345 with targets at 0.7380 & 0.7395 in extension.

Alternative scenario: below 0.7345 look for further downside with 0.7325 & 0.7310 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

USD/JPY Intraday: key resistance at 112.60.

Pivot: 112.60

Our preference: short positions below 112.60 with targets at 112.20 & 112.05 in extension.

Alternative scenario: above 112.60 look for further upside with 112.85 & 113.10 as targets.

Comment: as long as the resistance at 112.60 is not surpassed, the risk of the break below 112.20 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: 1218.50

Our preference: long positions above 1218.50 with targets at 1229.50 & 1233.00 in extension.

Alternative scenario: below 1218.50 look for further downside with 1211.00 & 1205.50 as targets.

Comment: the RSI is bullish and calls for further advance.

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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