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FxGrow Daily Technical Analysis – 27th Nov, 2017

Nov 27 2017, 09:30 PM (+06) | FxGrow.com

FxGrow Daily Technical Analysis – 27th Nov, 2017
By FxGrow Research & Analysis Team

GBP/USD Intraday: continuation of the rebound.


Pivot: 1.3305

Our preference: long positions above 1.3305 with targets at 1.3360 & 1.3375 in extension.

Alternative scenario: below 1.3305 look for further downside with 1.3280 & 1.3255 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:
1.3390
1.3375
1.3360
1.3330 Last
1.3305
1.3280
1.3255

USD/JPY Intraday: consolidation.


Pivot: 111.70

Our preference: short positions below 111.70 with targets at 111.05 & 110.80 in extension.

Alternative scenario: above 111.70 look for further upside with 111.95 & 112.15 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:
112.15
111.95
111.70
111.40 Last
111.05
110.80
110.65

EUR/USD Intraday: the bias remains bullish.


Pivot: 1.1895

Our preference: long positions above 1.1895 with targets at 1.1960 & 1.1990 in extension.

Alternative scenario: below 1.1895 look for further downside with 1.1855 & 1.1825 as targets.

Comment: the RSI is mixed to bullish.

Supports and resistances:
1.2020
1.1990
1.1960
1.1931 Last
1.1895
1.1855
1.1825

AUD/USD Intraday: continuation of the rebound.


Pivot: 0.7605

Our preference: long positions above 0.7605 with targets at 0.7640 & 0.7660 in extension.

Alternative scenario: below 0.7605 look for further downside with 0.7590 & 0.7575 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:
0.7675 **
0.7660 **
0.7640 ***
0.7630 Last
0.7605 ***
0.7590 ***
0.7575 **

Gold spot Intraday: rebound.


Pivot: 1289.00

Our preference: long positions above 1289.00 with targets at 1297.00 & 1300.00 in extension.

Alternative scenario: below 1289.00 look for further downside with 1286.00 & 1283.00 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:
1304.00
1300.00
1297.00
1292.00 Last
1289.00
1286.00
1283.00

Crude Oil‏ (WTI)‏ (F8) Intraday: the upside prevails.


Pivot: 58.15

Our preference: long positions above 58.15 with targets at 59.40 & 60.00 in extension.

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

Comment: the RSI calls for a new upleg. The prices remain supported by a rising trend line, which should call for a new rise. A strong support at 58.15 should also limit any downward attempts.

Supports and resistances:
60.45
60.00
59.40
58.71 Last
58.15
57.80
57.30

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.

FxGrow.com

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)