TC FX Analysis

Date:2018/7/27 EUR/USD Intraday: the downside prevails.

EUR/USD Intraday: the downside prevails.

Pivot: 1.1670

Our preference: short positions below 1.1670 with targets at 1.1625 & 1.1600 in extension.

Alternative scenario: above 1.1670 look for further upside with 1.1705 & 1.1730 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

GBP/USD Intraday: towards 1.3095.

Pivot: 1.3135

Our preference: short positions below 1.3135 with targets at 1.3095 & 1.3070 in extension.

Alternative scenario: above 1.3135 look for further upside with 1.3175 & 1.3210 as targets.

Comment: a break below 1.3095 would trigger a drop towards 1.3070.

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: watch 0.7360.

Pivot: 0.7410

Our preference: short positions below 0.7410 with targets at 0.7360 & 0.7340 in extension.

Alternative scenario: above 0.7410 look for further upside with 0.7430 & 0.7450 as targets.

Comment: the break below 0.7410 is a negative signal that has opened a path to 0.7360.

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 bias remains bullish.

Pivot: 110.90

Our preference: long positions above 110.90 with targets at 111.35 & 111.55 in extension.

Alternative scenario: below 110.90 look for further downside with 110.55 & 110.35 as targets.

Comment: the break above 110.90 is a positive signal that has opened a path to 111.35.

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 1228.50.

Pivot: 1228.50

Our preference: short positions below 1228.50 with targets at 1221.00 & 1218.00 in extension.

Alternative scenario: above 1228.50 look for further upside with 1230.50 & 1235.00 as targets.

Comment: the RSI is mixed to bearish.

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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