Forex Daily Technical Overview October, 19 2017
FxGrow | Oct 19, 2017 06:12AM ET
GBP/USD Intraday: turning down.
Pivot: 1.3200
Our preference: short positions below 1.3200 with targets at 1.3120 & 1.3070 in extension.
Alternative scenario: above 1.3200 look for further upside with 1.3225 & 1.3260 as targets.
Comment: the RSI shows downside momentum.
Supports and resistances:
1.3260
1.3225
1.3200
1.3155 Last
1.3120
1.3070
1.3025
USD/JPY Intraday: turning down.
Pivot: 113.15
Our preference: short positions below 113.15 with targets at 112.45 & 112.10 in extension.
Alternative scenario: above 113.15 look for further upside with 113.45 & 113.75 as targets.
Comment: the RSI shows downside momentum.
Supports and resistances:
113.75
113.45
113.15
112.75 Last
112.45
112.10
111.85
EUR/USD Intraday: the bias remains bullish.
Pivot: 1.1775
Our preference: long positions above 1.1775 with targets at 1.1835 & 1.1860 in extension.
Alternative scenario: below 1.1775 look for further downside with 1.1755 & 1.1735 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
1.1880
1.1860
1.1835
1.1801 Last
1.1775
1.1755
1.1735
AUD/USD Intraday: the upside prevails.
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Pivot: 0.7830
Our preference: long positions above 0.7830 with targets at 0.7875 & 0.7895 in extension.
Alternative scenario: below 0.7830 look for further downside with 0.7815 & 0.7800 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
0.7915
0.7895
0.7875
0.7855 Last
0.7830
0.7815
0.7800
Crude Oil WTI Futures (X7) Intraday: the downside prevails.
Pivot: 51.70
Our preference: short positions below 51.70 with targets at 50.95 & 50.55 in extension.
Alternative scenario: above 51.70 look for further upside with 52.05 & 52.35 as targets.
Comment: the RSI has broken down its 30 level.
Supports and resistances:
52.35
52.05
51.70
51.33 Last
50.95
50.55
50.15
Gold spot Intraday: rebound expected.
Pivot: 1276.50
Our preference: long positions above 1276.50 with targets at 1289.00 & 1293.00 in extension.
Alternative scenario: below 1276.50 look for further downside with 1273.00 & 1270.00 as targets.
Comment: the RSI advocates for further upside.
Supports and resistances:
1296.50
1293.00
1289.00
1285.40 Last
1276.50
1273.00
1270.00
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