Daily Technical Analysis – 17 November, 2017 - Daily Technical Analysis – 17 November, 2017 -

Daily Technical Analysis – 17 November, 2017

Technical Analysis
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Daily Technical Analysis – 17 November, 2017

EUR/USD Intraday: the upside prevails.
Pivot: 1.1760

Our preference: long positions above 1.1760 with targets at 1.1825 & 1.1860 in extension.

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

Comment: the RSI is mixed to bullish.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

USD/CHF Intraday: under pressure.
Pivot: 0.9945

Our preference: short positions below 0.9945 with targets at 0.9895 & 0.9875 in extension.

Alternative scenario: above 0.9945 look for further upside with 0.9970 & 0.9990 as targets.

Comment: the RSI is mixed to bearish.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

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: the RSI is mixed to bearish.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

GBP/USD Intraday: turning down.
Pivot: 1.3255

Our preference: short positions below 1.3255 with targets at 1.3175 & 1.3135 in extension.

Alternative scenario: above 1.3255 look for further upside with 1.3275 & 1.3300 as targets.

Comment: the RSI shows downside momentum.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced


AUD/USD Intraday: under pressure.
Pivot: 0.7580

Our preference: short positions below 0.7580 with targets at 0.7525 & 0.7490 in extension.

Alternative scenario: above 0.7580 look for further upside with 0.7605 & 0.7630 as targets.

Comment: the RSI shows downside momentum.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced


USD/CAD Intraday: the bias remains bullish.
Pivot: 1.2710

Our preference: long positions above 1.2710 with targets at 1.2775 & 1.2790 in extension.

Alternative scenario: below 1.2710 look for further downside with 1.2695 & 1.2675 as targets.

Comment: the RSI shows upside momentum.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced


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.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

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.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

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