Daily Technical Analysis – 30 November, 2017 - Daily Technical Analysis – 30 November, 2017 -

Daily Technical Analysis – 30 November, 2017

Technical Analysis
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Daily Technical Analysis – 30 November, 2017

EUR/USD Intraday: under pressure.
Pivot: 1.1870

Our preference: short positions below 1.1870 with targets at 1.1805 & 1.1780 in extension.

Alternative scenario: above 1.1870 look for further upside with 1.1895 & 1.1920 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/CHF Intraday: the bias remains bullish.
Pivot: 0.9830

Our preference: long positions above 0.9830 with targets at 0.9900 & 0.9925 in extension.

Alternative scenario: below 0.9830 look for further downside with 0.9795 & 0.9775 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

USD/JPY Intraday: further advance.
Pivot: 111.90

Our preference: long positions above 111.90 with targets at 112.65 & 112.85 in extension.

Alternative scenario: below 111.90 look for further downside with 111.65 & 111.35 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

GBP/USD Intraday: supported by a rising trend line.
Pivot: 1.3405

Our preference: long positions above 1.3405 with targets at 1.3485 & 1.3515 in extension.

Alternative scenario: below 1.3405 look for further downside with 1.3350 & 1.3315 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


AUD/USD Intraday: under pressure.
Pivot: 0.7595

Our preference: short positions below 0.7595 with targets at 0.7550 & 0.7530 in extension.

Alternative scenario: above 0.7595 look for further upside with 0.7620 & 0.7645 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: further upside.
Pivot: 1.2825

Our preference: long positions above 1.2825 with targets at 1.2930 & 1.2970 in extension.

Alternative scenario: below 1.2825 look for further downside with 1.2800 & 1.2775 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 downside prevails.
Pivot: 1286.00

Our preference: short positions below 1286.00 with targets at 1276.00 & 1274.00 in extension.

Alternative scenario: above 1286.00 look for further upside with 1289.00 & 1293.00 as targets.

Comment: the RSI advocates for further downside.

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) (F8) Intraday: under pressure.
Pivot: 58.15

Our preference: short positions below 58.15 with targets at 56.75 & 56.40 in extension.

Alternative scenario: above 58.15 look for further upside with 58.55 & 59.00 as targets.

Comment: the RSI lacks upward 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

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