Forex Daily Technical Overview Oct. 18, 2017

By FxGrowCurrenciesOct 18, 2017 06:01

ca.investing.com/analysis/forex-daily-technical-overview-18-oct-2017-200196231

Forex Daily Technical Overview Oct. 18, 2017

By FxGrow | Oct 18, 2017 06:01

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EUR/USD

+1.46%

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GBP/USD

+0.75%

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USD/JPY

-0.49%

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AUD/USD

+1.17%

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GBP/USD Intraday: under pressure.

Pivot: 1.3200

Our preference: short positions below 1.3200 with targets at 1.3120 & 1.3090 in extension.

Alternative scenario: above 1.3200 look for further upside with 1.3235 & 1.3265 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:
1.3265
1.3235
1.3200
1.3155 Last
1.3120
1.3090
1.3070

USD/JPY Intraday: further advance.

Pivot: 112.25

Our preference: long positions above 112.25 with targets at 112.80 & 112.95 in extension.

Alternative scenario: below 112.25 look for further downside with 112.00 & 111.65 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:
113.20
112.95
112.80
112.50 Last
112.25
112.00
111.65

EUR/USD Intraday: key resistance at 1.1780.

Pivot: 1.1780

Our preference: short positions below 1.1780 with targets at 1.1715 & 1.1690 in extension.

Alternative scenario: above 1.1780 look for further upside with 1.1815 & 1.1850 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:
1.1850
1.1815
1.1780
1.1750 Last
1.1715
1.1690
1.1670

AUD/USD Intraday: the downside prevails.

Pivot: 0.7860

Our preference: short positions below 0.7860 with targets at 0.7815 & 0.7800 in extension.

Alternative scenario: above 0.7860 look for further upside with 0.7875 & 0.7895 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:
0.7895
0.7875
0.7860
0.7836 Last
0.7815
0.7800
0.7770

Gold spot Intraday: the downside prevails.

Pivot: 1284.00

Our preference: short positions below 1284.00 with targets at 1275.00 & 1272.00 in extension.

Alternative scenario: above 1284.00 look for further upside with 1289.00 & 1293.00 as targets.

Comment: the break below the support at 1284.00 triggered a downward acceleration to 1272.00.

Supports and resistances:
1293.00
1289.00
1284.00
1280.55 Last
1275.00
1272.00
1269.50

Crude Oil‏ (WTI)‏ (X7) Intraday: further upside.

Pivot: 51.65

Our preference: long positions above 51.65 with targets at 52.40 & 52.65 in extension.

Alternative scenario: below 51.65 look for further downside with 51.45 & 51.20 as targets.

Comment: the RSI is mixed with a bullish bias.

Supports and resistances:
52.85
52.65
52.40
52.14 Last
51.65
51.45
51.20

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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	24,839.09	+267.09	+1.09%
S&P/TSX 60	1,495.44	+13.77	+0.93%
US 30	43,072.0	+550.3	+1.29%
US 500	5,849.3	+71.1	+1.23%
S&P 500 VIX	21.85	-1.66	-7.06%
DAX	23,119.50	+792.69	+3.55%
Dollar Index	104.370	-1.317	-1.25%

Crude Oil WTI	66.22	-2.04	-2.99%
Brent Oil	69.25	-1.79	-2.52%
Natural Gas	4.428	+0.078	+1.79%
Gold	2,927.29	+6.69	+0.23%
Silver	33.188	+0.806	+2.49%
US Soybeans	1,012.38	+13.38	+1.34%
US Cotton #2	63.58	+0.34	+0.54%

Bombardier Inc	87.950	+8.920	+11.29%
Enbridge	42.72	+1.17	+2.80%
Air Canada	16.68	+0.61	+3.80%
Broadcom DRC	44.59	0.00	0.00%
Apple	236.25	+0.32	+0.14%
Alibaba ADR	140.65	+10.80	+8.32%
Tesla	278.07	+6.03	+2.22%

Canada 5Y	2.639	+0.007	+0.27%
Canada 10Y	2.980	+0.040	+1.36%
Canada 30Y	3.222	+0.040	+1.26%
U.S. 2Y	3.986	+0.031	+0.78%
U.S. 10Y	4.280	+0.070	+1.66%
U.S. 30Y	4.573	+0.057	+1.26%
Germany 10Y	2.7995	+0.0155	+0.56%

Forex Daily Technical Overview Oct. 18, 2017

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