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Old 23-11-2017, 08:33
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Default Re: Daily Market Analysis by FxGrow

FxGrow Daily Technical Analysis – 23rd Nov, 2017
By FxGrow Research & Analysis Team

GBP/USD Intraday: further advance.


Pivot: 1.3280

Our preference: long positions above 1.3280 with targets at 1.3345 & 1.3375 in extension.

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

Comment: the RSI shows upside momentum.

Supports and resistances:
1.3405
1.3375
1.3345
1.3310 Last
1.3280
1.3255
1.3220

USD/JPY Intraday: the downside prevails.


Pivot: 111.95

Our preference: short positions below 111.95 with targets at 111.00 & 110.65 in extension.

Alternative scenario: above 111.95 look for further upside with 112.40 & 112.70 as targets.

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

Supports and resistances:
112.70
112.40
111.95
111.50 Last
111.00
110.65
110.25

EUR/USD Intraday: the bias remains bullish.


Pivot: 1.1785

Our preference: long positions above 1.1785 with targets at 1.1850 & 1.1880 in extension.

Alternative scenario: below 1.1785 look for further downside with 1.1755 & 1.1735 as targets.

Comment: the RSI is mixed to bullish.

Supports and resistances:
1.1910
1.1880
1.1850
1.1820 Last
1.1785
1.1755
1.1735

AUD/USD Intraday: the upside prevails.


Pivot: 0.7590

Our preference: long positions above 0.7590 with targets at 0.7625 & 0.7650 in extension.

Alternative scenario: below 0.7590 look for further downside with 0.7560 & 0.7530 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:
0.7675 ***
0.7650 ***
0.7625 ***
0.7610 Last
0.7590 ***
0.7560 ***
0.7530 ***

Crude Oil‏ (WTI)‏ (F8) Intraday: supported by a rising trend line.


Pivot: 57.50

Our preference: long positions above 57.50 with targets at 58.20 & 58.60 in extension.

Alternative scenario: below 57.50 look for further downside with 57.15 & 56.85 as targets.

Comment: the RSI lacks downward momentum.

Supports and resistances:
59.00
58.60
58.20
57.90 Last
57.50
57.15
56.85

Gold spot Intraday: bullish bias above 1284.00.


Pivot: 1284.00

Our preference: long positions above 1284.00 with targets at 1297.00 & 1300.00 in extension.

Alternative scenario: below 1284.00 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
1289.27 Last
1284.00
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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