[B]FxGrow Daily Technical Analysis – 15th Nov 2017[/B]
[I]By FxGrow Research & Analysis Team[/I]
[B]GBP/USD Intraday: continuation of the rebound.[/B]
Pivot: 1.3125
Our preference: long positions above 1.3125 with targets at 1.3190 & 1.3230 in extension.
Alternative scenario: below 1.3125 look for further downside with 1.3085 & 1.3060 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
1.3265 **
1.3230 ***
1.3190 ***
1.3165 Last
1.3125 ***
1.3085 ***
1.3060 ***
[B]USD/JPY Intraday: under pressure.[/B]
Pivot: 113.50
Our preference: short positions below 113.50 with targets at 112.50 & 112.30 in extension.
Alternative scenario: above 113.50 look for further upside with 113.70 & 113.90 as targets.
Comment: the RSI shows downside momentum.
Supports and resistances:
113.90 ***
113.70 ***
113.50 ***
113.00 Last
112.50 **
112.30 **
112.10 ***
[B]EUR/USD Intraday: further advance.[/B]
Pivot: 1.1775
Our preference: long positions above 1.1775 with targets at 1.1865 & 1.1880 in extension.
Alternative scenario: below 1.1775 look for further downside with 1.1730 & 1.1700 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
1.1900
1.1880
1.1865
1.1824 Last
1.1775
1.1730
1.1700
[B]AUD/USD Intraday: consolidation.[/B]
Pivot: 0.7610
Our preference: short positions below 0.7610 with targets at 0.7570 & 0.7550 in extension.
Alternative scenario: above 0.7610 look for further upside with 0.7625 & 0.7650 as targets.
Comment: the RSI is mixed to bearish.
Supports and resistances:
0.7650 ***
0.7625 *
0.7610 ***
0.7585 Last
0.7570 ***
0.7550 *
0.7525 **
[B]Crude Oil (WTI) (Z7) Intraday: the downside prevails.[/B]
Pivot: 55.80
Our preference: short positions below 55.80 with targets at 54.60 & 54.40 in extension.
Alternative scenario: above 55.80 look for further upside with 56.25 & 56.60 as targets.
Comment: the RSI is capped by a bearish trend line.
Supports and resistances:
56.60
56.25
55.80
55.15 Last
54.60
54.40
54.10
[B]Gold spot Intraday: further advance.[/B]
Pivot: 1276.50
Our preference: long positions above 1276.50 with targets at 1286.00 & 1288.50 in extension.
Alternative scenario: below 1276.50 look for further downside with 1271.00 & 1266.00 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
1291.00
1288.50
1286.00
1282.62 Last
1276.50
1271.00
1266.00
[B][I][URL=“https://goo.gl/E4oLZZ”]For more in depth Research & Analysis please visit FxGrow.[/URL][/I][/B]
[I][B]Note:[/B] This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.[/I]