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Forex Daily Technical Overview For Oct. 12, 2017

Published 2017-10-12, 04:53 a/m
Updated 2019-03-09, 08:30 a/m

Forex Daily Technical Overview 12 Oct 2017
1
GBP/USD Intraday: the upside prevails.

Pivot: 1.3210

Our preference: long positions above 1.3210 with targets at 1.3290 & 1.3320 in extension.

Alternative scenario: below 1.3210 look for further downside with 1.3175 & 1.3130 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:
1.3345
1.3320
1.3290
1.3250 Last
1.3210
1.3175
1.3130

2
USD/JPY Intraday: under pressure.

Pivot: 112.60

Our preference: short positions below 112.60 with targets at 112.10 & 111.95 in extension.

Alternative scenario: above 112.60 look for further upside with 112.80 & 113.05 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:
113.05
112.80
112.60
112.35 Last
112.10
111.95
111.80

3
EUR/USD Intraday: the upside prevails.

Pivot: 1.1830

Our preference: long positions above 1.1830 with targets at 1.1890 & 1.1925 in extension.

Alternative scenario: below 1.1830 look for further downside with 1.1795 & 1.1760 as targets.

Comment: the RSI is mixed to bullish.

Supports and resistances:
1.1960
1.1925
1.1890
1.1862 Last
1.1830
1.1795
1.1760


4
AUD/USD Intraday: further upside.

Pivot: 0.7790

Our preference: long positions above 0.7790 with targets at 0.7840 & 0.7860 in extension.

Alternative scenario: below 0.7790 look for further downside with 0.7770 & 0.7745 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:
0.7875
0.7860
0.7840
0.7815 Last
0.7790
0.7770
0.7745
5
Crude Oil‏ (WTI)‏ (X7) Intraday: the bias remains bullish.

Pivot: 50.82

Our preference: long positions above 50.82 with targets at 51.40 & 51.75 in extension.

Alternative scenario: below 50.82 look for further downside with 50.45 & 50.05 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:
52.10
51.75
51.40
51.00 Last
50.82
50.45
50.05
6
Gold spot Intraday: further advance.

Pivot: 1290.00

Our preference: long positions above 1290.00 with targets at 1301.00 & 1306.00 in extension.

Alternative scenario: below 1290.00 look for further downside with 1284.00 & 1281.00 as targets.

Comment: the RSI is bullish and calls for further advance.

Supports and resistances:
1310.00
1306.00
1301.00
1296.60 Last
1290.00
1284.00
1281.00

Latest comments

Good analysis
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