FXGrow Daily Technical Strategies 19.11.2015

EUR/USD Intraday: rebound. Pivot: 1.062 Our preference: Long positions above 1.062 with targets @ 1.0725 & 1.0765 in extension. Alternative scenario: Below 1.062 look for further downside with 1.056 & 1.05 as targets. Comment: The RSI is bullish and calls for further upside. 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: further upside. Pivot: 1.524 Our preference: Long positions above 1.524 with targets @ 1.53 & 1.533 in extension. Alternative scenario: Below 1.524 look for further downside with 1.519 & 1.5155 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

USD/JPY Intraday: caution. Pivot: 123.1 Our preference: Long positions above 123.1 with targets @ 123.75 & 124 in extension. Alternative scenario: Below 123.1 look for further downside with 122.9 & 122.6 as targets. Comment: The RSI is mixed and calls for caution. 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: 0.71 Our preference: Long positions above 0.71 with targets @ 0.7195 & 0.722 in extension. Alternative scenario: Below 0.71 look for further downside with 0.707 & 0.704 as targets. Comment: The RSI is bullish and calls for further advance. 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: 42.25Our preference: Short positions below 42.25 with targets @ 40 & 39.2 in extension.Alternative scenario: Above 42.25 look for further upside with 43.3 & 44.12 as targets.Comment: As long as 42.25 is resistance, likely decline to 40. Crude Oil (WTI) (Z5) Intraday: key resistance at 42.25.

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: further upside.

Pivot: 1070 Our preference: Long positions above 1070 with targets @ 1085 & 1090 in extension. Alternative scenario: Below 1070 look for further downside with 1064 & 1059 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