🚀 ProPicks AI Hits +34.9% Return!Read Now

Forex Daily Technical Overview For Nov. 14, 2017

Published 2017-11-14, 05:12 a/m
EUR/USD
-
GBP/USD
-
USD/JPY
-
AUD/USD
-

EUR/USD Intraday: further advance.

1
Pivot: 1.1660

Our preference: long positions above 1.1660 with targets at 1.1720 & 1.1735 in extension.

Alternative scenario: below 1.1660 look for further downside with 1.1635 & 1.1620 as targets.

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

Supports and resistances:
1.1750 ***
1.1735 ***
1.1720 ***
1.1690 Last
1.1660 ***
1.1635 *
1.1620 **

GBP/USD Intraday: key resistance at 1.3135.
2
Pivot: 1.3135

Our preference: short positions below 1.3135 with targets at 1.3085 & 1.3060 in extension.

Alternative scenario: above 1.3135 look for further upside with 1.3175 & 1.3205 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1.3135.

Supports and resistances:
1.3205 **
1.3175 ***
1.3135 **
1.3105 Last
1.3085 ***
1.3060 **
1.3040 ***

USD/JPY Intraday: further upside.
3
Pivot: 113.40

Our preference: long positions above 113.40 with targets at 114.05 & 114.30 in extension.

Alternative scenario: below 113.40 look for further downside with 113.20 & 113.05 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:
114.45 **
114.30 ***
114.05 ***
113.75 Last
113.40 **
113.20 *
113.05 **

AUD/USD Intraday: under pressure.
4
Pivot: 0.7150

Our preference: short @ 0.7625 with targets @ 0.7605 & 0.7575 in extension.

Alternative scenario: above 0.7640 look for further upside with 0.7665 & 0.7685 as targets.

Comment: the RSI is mixed to bearish.

Supports and resistances:
0.7685 *
0.7665 *
0.7640 **
0.7622 Last
0.7605 ***
0.7575 *
0.7545 **

Crude Oil‏ (WTI)‏ (Z7) Intraday: key resistance at 56.85.
5
Pivot: 56.85

Our preference: short positions below 56.85 with targets at 56.30 & 56.10 in extension.

Alternative scenario: above 56.85 look for further upside with 57.15 & 57.50 as targets.

Comment: the RSI is capped by a declining trend line.

Supports and resistances:
57.50
57.15
56.85
56.55 Last
56.30
56.10
55.65

Gold spot Intraday: under pressure.
6
Pivot: 1280.00

Our preference: short positions below 1280.00 with targets at 1273.00 & 1270.00 in extension.

Alternative scenario: above 1280.00 look for further upside with 1283.00 & 1285.50 as targets.

Comment: the RSI is below its neutrality area at 50%

Supports and resistances:
1285.50
1283.00
1280.00
1276.42 Last
1273.00
1270.00
1266.00

Original Post

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.