[B]FxGrow Daily Technical Analysis – 16th Nov 2017[/B]
[I]By FxGrow Research & Analysis Team[/I]
[B]GBP/USD Intraday: under pressure.[/B]
Pivot: 1.3185
Our preference: short positions below 1.3185 with targets at 1.3130 & 1.3110 in extension.
Alternative scenario: above 1.3185 look for further upside with 1.3215 & 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
[B]USD/JPY Intraday: continuation of the rebound.[/B]
Pivot: 112.70
Our preference: long positions above 112.70 with targets at 113.50 & 113.75 in extension.
Alternative scenario: below 112.70 look for further downside with 112.45 & 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 ***
[B]EUR/USD Intraday: consolidation.[/B]
Pivot: 1.1805
Our preference: short positions below 1.1805 with targets at 1.1760 & 1.1725 in extension.
Alternative scenario: above 1.1805 look for further upside with 1.1830 & 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
[B]AUD/USD Intraday: under pressure.[/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 0.7630 & 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 **
[B]Gold spot Intraday: key resistance at 1280.00.[/B]
Pivot: 1280.00
Our preference: short positions below 1280.00 with targets at 1274.00 & 1271.00 in extension.
Alternative scenario: above 1280.00 look for further upside with 1283.00 & 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
[B]Crude Oil (WTI) (Z7) Intraday: turning up.[/B]
Pivot: 55.15
Our preference: long positions above 55.15 with targets at 55.80 & 56.05 in extension.
Alternative scenario: below 55.15 look for further downside with 54.80 & 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
[B][I][URL=“https://goo.gl/7ZnKdm”]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]