Forex Daily Technical Overview For Oct. 12, 2017
FxGrow | Oct 12, 2017 04:53
Forex Daily Technical Overview 12 Oct 2017
GBP/USD Intraday: the upside prevails.
Pivot: 1.3210
Our preference: long positions above 1.3210 with targets at 1.3290 & 1.3320 in extension.
Alternative scenario: below 1.3210 look for further downside with 1.3175 & 1.3130 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
1.3345
1.3320
1.3290
1.3250 Last
1.3210
1.3175
1.3130
USD/JPY Intraday: under pressure.
Pivot: 112.60
Our preference: short positions below 112.60 with targets at 112.10 & 111.95 in extension.
Alternative scenario: above 112.60 look for further upside with 112.80 & 113.05 as targets.
Comment: the RSI shows downside momentum.
Supports and resistances:
113.05
112.80
112.60
112.35 Last
112.10
111.95
111.80
EUR/USD Intraday: the upside prevails.
Pivot: 1.1830
Our preference: long positions above 1.1830 with targets at 1.1890 & 1.1925 in extension.
Alternative scenario: below 1.1830 look for further downside with 1.1795 & 1.1760 as targets.
Comment: the RSI is mixed to bullish.
Supports and resistances:
1.1960
1.1925
1.1890
1.1862 Last
1.1830
1.1795
1.1760
AUD/USD Intraday: further upside.
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Pivot: 0.7790
Our preference: long positions above 0.7790 with targets at 0.7840 & 0.7860 in extension.
Alternative scenario: below 0.7790 look for further downside with 0.7770 & 0.7745 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
0.7875
0.7860
0.7840
0.7815 Last
0.7790
0.7770
0.7745
Crude Oil (WTI) (X7) Intraday: the bias remains bullish.
Pivot: 50.82
Our preference: long positions above 50.82 with targets at 51.40 & 51.75 in extension.
Alternative scenario: below 50.82 look for further downside with 50.45 & 50.05 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
52.10
51.75
51.40
51.00 Last
50.82
50.45
50.05
Gold spot Intraday: further advance.
Pivot: 1290.00
Our preference: long positions above 1290.00 with targets at 1301.00 & 1306.00 in extension.
Alternative scenario: below 1290.00 look for further downside with 1284.00 & 1281.00 as targets.
Comment: the RSI is bullish and calls for further advance.
Supports and resistances:
1310.00
1306.00
1301.00
1296.60 Last
1290.00
1284.00
1281.00
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