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FxGrow Daily Technical Analysis – 24th Nov, 2017

Nov 24 2017, 08:57 PM (+06) | FxGrow.com

FxGrow Daily Technical Analysis – 24th Nov, 2017
By FxGrow Research & Analysis Team

GBP/USD Intraday: intraday support around 1.3280.


Pivot: 1.3280

Our preference: long positions above 1.3280 with targets at 1.3315 & 1.3335 in extension.

Alternative scenario: below 1.3280 look for further downside with 1.3255 & 1.3220 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:
1.3375
1.3335
1.3315
1.3300 Last
1.3280
1.3255
1.3220

USD/JPY Intraday: under pressure.


Pivot: 111.65

Our preference: short positions below 111.65 with targets at 111.05 & 110.65 in extension.

Alternative scenario: above 111.65 look for further upside with 111.95 & 112.40 as targets.

Comment: the upward potential is likely to be limited by the resistance at 111.65.

Supports and resistances:
112.40
111.95
111.65
111.35 Last
111.05
110.65
110.25

EUR/USD Intraday: intraday support around 1.1825.


Pivot: 1.1825

Our preference: long positions above 1.1825 with targets at 1.1860 & 1.1880 in extension.

Alternative scenario: below 1.1825 look for further downside with 1.1800 & 1.1770 as targets.

Comment: technically the RSI is above its neutrality area at 50.

Supports and resistances:
1.1910
1.1880
1.1860
1.1846 Last
1.1825
1.1800
1.1770

AUD/USD Intraday: intraday support around 0.7600.


Pivot: 0.7600

Our preference: long positions above 0.7600 with targets at 0.7640 & 0.7660 in extension.

Alternative scenario: below 0.7600 look for further downside with 0.7575 & 0.7555 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:
0.7680 ***
0.7660 **
0.7640 ***
0.7625 Last
0.7600 ***
0.7575 **
0.7555 ***

Crude Oil‏ (WTI)‏ (F8) Intraday: further upside.


Pivot: 58.15

Our preference: long positions above 58.15 with targets at 59.00 & 59.40 in extension.

Alternative scenario: below 58.15 look for further downside with 57.80 & 57.30 as targets.

Comment: the RSI advocates for further advance.

Supports and resistances:
60.00
59.40
59.00
58.61 Last
58.15
57.80
57.30

Gold spot Intraday: bullish bias above 1286.00.


Pivot: 1286.00

Our preference: long positions above 1286.00 with targets at 1297.00 & 1300.00 in extension.

Alternative scenario: below 1286.00 look for further downside with 1279.00 & 1276.00 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:
1303.50
1300.00
1297.00
1291.00 Last
1286.00
1279.00
1276.00

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)