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Forex Daily Technical Overview For Nov. 15, 2017

Published 2017-11-15, 04:05 a/m
EUR/USD
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GBP/USD
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USD/JPY
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AUD/USD
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GBP/USD Intraday: continuation of the rebound.

1
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 ***

USD/JPY Intraday: under pressure.
2
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 ***

EUR/USD Intraday: further advance.
3
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

AUD/USD Intraday: consolidation.
4
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 **

Crude Oil‏ (WTI)‏ (Z7) Intraday: the downside prevails.
5
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

Gold spot Intraday: further advance.
6
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

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