Forex Daily Technical Overview For Nov. 17, 2017

By FxGrowCurrenciesNov 17, 2017 04:21

ca.investing.com/analysis/forex-daily-technical-overview-17-nov-2017-200196362

Forex Daily Technical Overview For Nov. 17, 2017

By FxGrow | Nov 17, 2017 04:21

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EUR/USD

+0.01%

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GBP/USD

-0.08%

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USD/JPY

+0.22%

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AUD/USD

+0.05%

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GBP/USD Intraday: further advance.

Pivot: 1.3175

Our preference: long positions above 1.3175 with targets at 1.3275 & 1.3300 in extension.

Alternative scenario: below 1.3175 look for further downside with 1.3135 & 1.3110 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:
1.3320
1.3300
1.3275
1.3230 Last
1.3175
1.3135
1.3110

USD/JPY Intraday: under pressure.

Pivot: 113.00

Our preference: short positions below 113.00 with targets at 112.15 & 111.90 in extension.

Alternative scenario: above 113.00 look for further upside with 113.30 & 113.55 as targets.

Comment: technically the RSI is below its neutrality area at 50.

Supports and resistances:
113.55 ***
113.30 ***
113.00 ***
112.60 Last
112.15 **
111.90 ***
111.60 **

EUR/USD Intraday: the upside prevails.

Pivot: 1.1760

Our preference: long positions above 1.1760 with targets at 1.1830 & 1.1860 in extension.

Alternative scenario: below 1.1760 look for further downside with 1.1725 & 1.1700 as targets.

Comment: the RSI lacks downward momentum.

Supports and resistances:
1.1880
1.1860
1.1830
1.1796 Last
1.1760
1.1725
1.1700

AUD/USD Intraday: under pressure.

Pivot: 0.7605

Our preference: short positions below 0.7605 with targets at 0.7525 & 0.7490 in extension.

Alternative scenario: above 0.7605 look for further upside with 0.7630 & 0.7650 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:
0.7650 ***
0.7630 *
0.7605 ***
0.7560 Last
0.7525 ***
0.7490 **
0.7470 ***

Gold spot Intraday: the upside prevails.

Pivot: 1277.00

Our preference: long positions above 1277.00 with targets at 1286.50 & 1289.50 in extension.

Alternative scenario: below 1277.00 look for further downside with 1273.00 & 1270.00 as targets.

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

Supports and resistances:
1293.00
1289.50
1286.50
1282.20 Last
1277.00
1273.00
1270.00

Crude Oil‏ (WTI)‏ (Z7) Intraday: caution.

Pivot: 55.48

Our preference: short positions below 55.48 with targets at 55.00 & 54.80 in extension.

Alternative scenario: above 55.48 look for further upside with 55.80 & 56.05 as targets.

Comment: the RSI is mixed and calls for caution.

Supports and resistances:
56.05
55.80
55.48
55.37 Last
55.00
54.80
54.40

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Welcome to Simply Forex weekly forecast This content was originally published by our partners at Simply Forex.

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Central Banks

Interest Rates

Next Meeting

BOC

3.00%

Mar 12, 2025

FED

4.50%

Mar 19, 2025

BOE

4.50%

Mar 20, 2025

ECB

2.90%

Mar 06, 2025

SNB

0.50%

Mar 20, 2025

RBA

4.10%

Apr 01, 2025

RBNZ

3.75%

Apr 09, 2025

BOJ

0.50%

Mar 19, 2025

CBR

21.00%

Mar 21, 2025

RBI

6.25%

Mar 10, 2025

PBOC

3.10%

BCB

13.25%

Mar 19, 2025

S&P/TSX	24,870.82	+298.82	+1.22%
S&P/TSX 60	1,497.53	+15.86	+1.07%
US 30	43,010.8	+4.6	+0.01%
US 500	5,839.7	-2.8	-0.05%
S&P 500 VIX	21.93	-1.58	-6.72%
DAX	23,081.03	+754.22	+3.38%
Dollar Index	104.330	+0.078	+0.07%

Crude Oil WTI	66.71	+0.40	+0.60%
Brent Oil	69.68	+0.38	+0.55%
Natural Gas	4.420	-0.051	-1.14%
Gold	2,925.89	-0.11	0.00%
Silver	33.153	+0.019	+0.06%
US Soybeans	1,019.38	+7.13	+0.70%
US Cotton #2	64.42	+0.82	+1.29%

Bombardier Inc	86.890	+7.860	+9.95%
Enbridge	42.49	+0.94	+2.26%
Air Canada	16.67	+0.60	+3.73%
Broadcom DRC	45.44	+0.91	+2.04%
Apple	235.74	-0.19	-0.08%
Alibaba ADR	141.03	+11.18	+8.61%
Tesla	279.10	+7.06	+2.60%

Canada 5Y	2.643	+0.013	+0.38%
Canada 10Y	2.969	+0.031	+1.02%
Canada 30Y	3.198	+0.019	+0.63%
U.S. 2Y	4.040	+0.054	+1.35%
U.S. 10Y	4.325	+0.058	+1.36%
U.S. 30Y	4.605	+0.045	+0.99%
Germany 10Y	2.7830	+0.3035	+12.10%

Forex Daily Technical Overview For Nov. 17, 2017

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