TC FX Analysis

Date:2018/7/26 Gold spot Intraday: the upside prevails.

EUR/USD Intraday: further advance.

Pivot: 1.1700

Our preference: long positions above 1.1700 with targets at 1.1750 & 1.1770 in extension.

Alternative scenario: below 1.1700 look for further downside with 1.1685 & 1.1660 as targets.

Comment: the RSI calls for a new upleg.

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: target 1.3210.

Pivot: 1.3155

Our preference: long positions above 1.3155 with targets at 1.3210 & 1.3240 in extension.

Alternative scenario: below 1.3155 look for further downside with 1.3130 & 1.3110 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

AUD/USD Intraday: further upside.

Pivot: 0.7425

Our preference: long positions above 0.7425 with targets at 0.7480 & 0.7505 in extension.

Alternative scenario: below 0.7425 look for further downside with 0.7405 & 0.7385 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: under pressure.

Pivot: 111.15

Our preference: short positions below 111.15 with targets at 110.60 & 110.35 in extension.

Alternative scenario: above 111.15 look for further upside with 111.50 & 111.90 as targets.

Comment: as long as the resistance at 111.15 is not surpassed, the risk of the break below 110.60 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: the upside prevails.

Pivot: 1227.50

Our preference: long positions above 1227.50 with targets at 1235.00 & 1240.00 in extension.

Alternative scenario: below 1227.50 look for further downside with 1223.00 & 1218.25 as targets.

Comment: the RSI is supported by a rising trend line.

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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