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Forex Daily Technical Overview: Oct. 13, 2017

Published 2017-10-13, 04:24 a/m
Updated 2019-03-09, 08:30 a/m


1
GBP/USD Intraday: the upside prevails.

Pivot: 1.3220

Our preference: long positions above 1.3220 with targets at 1.3290 & 1.3345 in extension.

Alternative scenario: below 1.3220 look for further downside with 1.3175 & 1.3125 as targets.

Comment: the RSI is bullish and calls for further upside.

Supports and resistances:
1.3400
1.3345
1.3290
1.3265 Last
1.3220
1.3175
1.3125
2
USD/JPY Intraday: capped by a negative trend line.

Pivot: 112.45

Our preference: short positions below 112.45 with targets at 111.95 & 111.80 in extension.

Alternative scenario: above 112.45 look for further upside with 112.60 & 112.80 as targets.

Comment: the RSI is capped by a declining trend line.

Supports and resistances:
112.80
112.60
112.45
112.15 Last
111.95
111.80
111.55
3
EUR/USD Intraday: caution.

Pivot: 1.1855

Our preference: short positions below 1.1855 with targets at 1.1820 & 1.1795 in extension.

Alternative scenario: above 1.1855 look for further upside with 1.1880 & 1.1900 as targets.

Comment: intraday technical indicators are mixed and call for caution.

Supports and resistances:
1.1900
1.1880
1.1855
1.1835 Last
1.1820
1.1795
1.1760
4
AUD/USD Intraday: the bias remains bullish.

Pivot: 0.7805

Our preference: long positions above 0.7805 with targets at 0.7855 & 0.7875 in extension.

Alternative scenario: below 0.7805 look for further downside with 0.7785 & 0.7770 as targets.

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

Supports and resistances:
0.7900
0.7875
0.7855
0.7830 Last
0.7805
0.7785
0.7770
5
Crude Oil‏ (WTI)‏ (X7) Intraday: rebound expected.

Pivot: 50.25

Our preference: long positions above 50.25 with targets at 51.10 & 51.40 in extension.

Alternative scenario: below 50.25 look for further downside with 49.75 & 49.20 as targets.

Comment: the RSI advocates for further advance. A strong support base around 50.25 (the previous swing low) has formed,and should limit any downward attempts.

Supports and resistances:
51.75
51.40
51.10
50.94 Last
50.25
49.75
49.20
6
Gold spot Intraday: the upside prevails.

Pivot: 1289.50

Our preference: long positions above 1289.50 with targets at 1301.00 & 1306.00 in extension.

Alternative scenario: below 1289.50 look for further downside with 1284.00 & 1281.00 as targets.

Comment: the RSI advocates for further advance.

Supports and resistances:
1310.00
1306.00
1301.00
1295.70 Last
1289.50
1284.00
1281.00

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