Technical Overview: GBP, JPY, EUR, AUD, USD, XAU, WTI
FxGrow | Nov 16, 2017 10:11
Forex Daily Technical Overview16 Nov 2017
GBP/USD Intraday: under pressure
Pivot: 1.3185
Our preference: short positions below 1.3185 with targets at 1.3130 and 1.3110 in extension.
Alternative scenario: above 1.3185 look for further upside with 1.3215 and 1.3250 as targets.
Comment: the RSI shows downside momentum.
Supports and resistances:
1.3250
1.3215
1.3185
1.3152 Last
1.3130
1.3110
1.3080
USD/JPY Intraday: continuation of the rebound
Pivot: 112.70
Our preference: long positions above 112.70 with targets at 113.50 and 113.75 in extension.
Alternative scenario: below 112.70 look for further downside with 112.45 and 112.15 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
113.90 ***
113.75 ***
113.50 ***
113.07 Last
112.70 **
112.45 **
112.15 ***
EUR/USD Intraday: consolidation
Pivot: 1.1805
Our preference: short positions below 1.1805 with targets at 1.1760 and 1.1725 in extension.
Alternative scenario: above 1.1805 look for further upside with 1.1830 and 1.1860 as targets.
Comment: a break below 1.1760 would trigger a drop towards 1.1725.
Supports and resistances:
1.1860
1.1830
1.1805
1.1775 Last
1.1760
1.1725
1.1700
AUD/USD Intraday: under pressure
Pivot: 0.7610
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Our preference: short positions below 0.7610 with targets at 0.7570 and 0.7550 in extension.
Alternative scenario: above 0.7610 look for further upside with 0.7630 and 0.7650 as targets.
Comment: the upward potential is likely to be limited by the resistance at 0.7610.
Supports and resistances:
0.7650 ***
0.7630 *
0.7610 ***
0.7590 Last
0.7570 ***
0.7550 *
0.7525 **
Gold spot Intraday: key resistance at 1280.00
Pivot: 1280.00
Our preference: short positions below 1280.00 with targets at 1274.00 and 1271.00 in extension.
Alternative scenario: above 1280.00 look for further upside with 1283.00 and 1286.50 as targets.
Comment: the RSI lacks upward momentum.
Supports and resistances:
1286.50
1283.00
1280.00
1276.70 Last
1274.00
1271.00
1266.00
Crude Oil WTI (Z7) Intraday: turning up
Pivot: 55.15
Our preference: long positions above 55.15 with targets at 55.80 and 56.05 in extension.
Alternative scenario: below 55.15 look for further downside with 54.80 and 54.40 as targets.
Comment: the RSI is bullish and calls for further advance.
Supports and resistances:
56.30
56.05
55.80
55.42 Last
55.15
54.80
54.40
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