FXGrow Daily Technical Strategies 20.11.2015

FXGrow Daily Technical Strategies 20.11.2015

EUR/USD Intraday: the upside prevails. Pivot: 1.067 Our preference: Long positions above 1.067 with targets @ 1.0765 & 1.081 in extension. Alternative scenario: Below 1.067 look for further downside with 1.062 & 1.056 as targets. Comment: The RSI is well directed. Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

GBP/USD Intraday: the upside prevails. Pivot: 1.524 Our preference: Long positions above 1.524 with targets @ 1.5335 & 1.536 in extension. Alternative scenario: Below 1.524 look for further downside with 1.519 & 1.5155 as targets. Comment: The RSI is mixed to bullish. Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

USD/JPY Intraday: under pressure. Pivot: 123.2 Our preference: Short positions below 123.2 with targets @ 122.6 & 122.35 in extension. Alternative scenario: Above 123.2 look for further upside with 123.4 & 123.75 as targets. Comment: The RSI is mixed to bearish. Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

AUD/USD Intraday: further advance. Pivot: 0.715 Our preference: Long positions above 0.715 with targets @ 0.722 & 0.725 in extension. Alternative scenario: Below 0.715 look for further downside with 0.7115 & 0.707 as targets. Comment: The RSI is mixed to bullish. Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

<td “=”” align=”left”> Pivot: 41.5Our preference: Short positions below 41.5 with targets @ 40 & 39.2 in extension.Alternative scenario: Above 41.5 look for further upside with 42.25 & 43.3 as targets.Comment: As long as 41.5 is resistance, likely decline to 40. Crude Oil (WTI) (Z5) Intraday: key resistance at 41.5.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Gold spot Intraday: rebound expected.

Pivot: 1077 Our preference: Long positions above 1077 with targets @ 1090 & 1094.5 in extension. Alternative scenario: Below 1077 look for further downside with 1070 & 1064 as targets. Comment: The RSI is mixed to bullish.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced