Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Forex Daily Technical Overview October, 19 2017

Published 10/19/2017, 06:12 AM
Updated 03/09/2019, 08:30 AM


GBP/USD 30 Minute Chart
GBP/USD Intraday: turning down.

Pivot: 1.3200

Our preference: short positions below 1.3200 with targets at 1.3120 & 1.3070 in extension.

Alternative scenario: above 1.3200 look for further upside with 1.3225 & 1.3260 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:
1.3260
1.3225
1.3200
1.3155 Last
1.3120
1.3070
1.3025
USD/JPY 30 Minute Chart
USD/JPY Intraday: turning down.

Pivot: 113.15

Our preference: short positions below 113.15 with targets at 112.45 & 112.10 in extension.

Alternative scenario: above 113.15 look for further upside with 113.45 & 113.75 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:
113.75
113.45
113.15
112.75 Last
112.45
112.10
111.85
EUR/USD 30 Minute Chart
EUR/USD Intraday: the bias remains bullish.

Pivot: 1.1775

Our preference: long positions above 1.1775 with targets at 1.1835 & 1.1860 in extension.

Alternative scenario: below 1.1775 look for further downside with 1.1755 & 1.1735 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:
1.1880
1.1860
1.1835
1.1801 Last
1.1775
1.1755
1.1735
AUD/USD 30 Minute Chart
AUD/USD Intraday: the upside prevails.

Pivot: 0.7830

Our preference: long positions above 0.7830 with targets at 0.7875 & 0.7895 in extension.

Alternative scenario: below 0.7830 look for further downside with 0.7815 & 0.7800 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:
0.7915
0.7895
0.7875
0.7855 Last
0.7830
0.7815
0.7800

Crude 30 Minute Chart
Crude Oil WTI Futures‏ (X7) Intraday: the downside prevails.

Pivot: 51.70

Our preference: short positions below 51.70 with targets at 50.95 & 50.55 in extension.

Alternative scenario: above 51.70 look for further upside with 52.05 & 52.35 as targets.

Comment: the RSI has broken down its 30 level.

Supports and resistances:
52.35
52.05
51.70
51.33 Last
50.95
50.55
50.15
Gold 30 Minute Chart
Gold spot Intraday: rebound expected.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Pivot: 1276.50

Our preference: long positions above 1276.50 with targets at 1289.00 & 1293.00 in extension.

Alternative scenario: below 1276.50 look for further downside with 1273.00 & 1270.00 as targets.

Comment: the RSI advocates for further upside.

Supports and resistances:
1296.50
1293.00
1289.00
1285.40 Last
1276.50
1273.00
1270.00

Original Post

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.