Forex Daily Technical Overview Oct. 18, 2017
FxGrow | Oct 18, 2017 06:01
GBP/USD Intraday: under pressure.
Pivot: 1.3200
Our preference: short positions below 1.3200 with targets at 1.3120 & 1.3090 in extension.
Alternative scenario: above 1.3200 look for further upside with 1.3235 & 1.3265 as targets.
Comment: the RSI shows downside momentum.
Supports and resistances:
1.3265
1.3235
1.3200
1.3155 Last
1.3120
1.3090
1.3070
USD/JPY Intraday: further advance.
Pivot: 112.25
Our preference: long positions above 112.25 with targets at 112.80 & 112.95 in extension.
Alternative scenario: below 112.25 look for further downside with 112.00 & 111.65 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
113.20
112.95
112.80
112.50 Last
112.25
112.00
111.65
EUR/USD Intraday: key resistance at 1.1780.
Pivot: 1.1780
Our preference: short positions below 1.1780 with targets at 1.1715 & 1.1690 in extension.
Alternative scenario: above 1.1780 look for further upside with 1.1815 & 1.1850 as targets.
Comment: the RSI shows downside momentum.
Supports and resistances:
1.1850
1.1815
1.1780
1.1750 Last
1.1715
1.1690
1.1670
AUD/USD Intraday: the downside prevails.
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Pivot: 0.7860
Our preference: short positions below 0.7860 with targets at 0.7815 & 0.7800 in extension.
Alternative scenario: above 0.7860 look for further upside with 0.7875 & 0.7895 as targets.
Comment: the RSI shows downside momentum.
Supports and resistances:
0.7895
0.7875
0.7860
0.7836 Last
0.7815
0.7800
0.7770
Gold spot Intraday: the downside prevails.
Pivot: 1284.00
Our preference: short positions below 1284.00 with targets at 1275.00 & 1272.00 in extension.
Alternative scenario: above 1284.00 look for further upside with 1289.00 & 1293.00 as targets.
Comment: the break below the support at 1284.00 triggered a downward acceleration to 1272.00.
Supports and resistances:
1293.00
1289.00
1284.00
1280.55 Last
1275.00
1272.00
1269.50
Crude Oil (WTI) (X7) Intraday: further upside.
Pivot: 51.65
Our preference: long positions above 51.65 with targets at 52.40 & 52.65 in extension.
Alternative scenario: below 51.65 look for further downside with 51.45 & 51.20 as targets.
Comment: the RSI is mixed with a bullish bias.
Supports and resistances:
52.85
52.65
52.40
52.14 Last
51.65
51.45
51.20
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