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FxGrow Daily Technical Analysis – 17th Nov 2017

Nov 17 2017, 03:58 PM (+06) | FxGrow.com
FxGrow Daily Technical Analysis – 17th Nov 2017
By FxGrow Research & Analysis Team

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.
[IMGhttps://s5.postimg.org/gmmt827nb/image.png[/IMG]

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


For more in depth Research & Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

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FxGrow is an international online brokerage firm under the brand name of Growell Capital, catering the needs and interests of investors. It’s authorized and regulated by the Cyprus Securities and Exchange Commission ("CySEC") as a CIF limited company with a license number 214/13. FxGrow operates under the EU Markets in Financial Instruments Directive (MiFID)