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FxGrow Daily Technical Analysis – 03rd Oct, 2017
By FxGrow Research & Analysis Team
FxGrow's Forex Daily Technical Overview - Part 2
AUD/USD Intraday: capped by a negative trend line.
Pivot: 0.7850
Our preference: short positions below 0.7850 with targets at 0.7790 & 0.7765 in extension.
Alternative scenario: above 0.7850 look for further upside with 0.7875 & 0.7900 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
0.7900
0.7875
0.7850
0.7815 Last
0.7790
0.7765
0.7725
Gold spot Intraday: under pressure.
Pivot: 1277.00
Our preference: short positions below 1277.00 with targets at 1267.00 & 1262.00 in extension.
Alternative scenario: above 1277.00 look for further upside with 1281.00 & 1286.50 as targets.
Comment: the RSI lacks upward momentum.
Supports and resistances:
1286.50
1281.00
1277.00
1269.90 Last
1267.00
1262.00
1254.00
Crude Oil (WTI) (X7) Intraday: under pressure.
Pivot: 50.95
Our preference: short positions below 50.95 with targets at 50.05 & 49.75 in extension.
Alternative scenario: above 50.95 look for further upside with 51.30 & 51.75 as targets.
Comment: the RSI is capped by a bearish trend line.
Supports and resistances:
51.75
51.30
50.95
50.47 Last
50.05
49.75
49.25
For more in depth Research & Analysis please visit FxGrow.https://goo.gl/h8PDRo
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.
By FxGrow Research & Analysis Team
FxGrow's Forex Daily Technical Overview - Part 2
AUD/USD Intraday: capped by a negative trend line.
Pivot: 0.7850
Our preference: short positions below 0.7850 with targets at 0.7790 & 0.7765 in extension.
Alternative scenario: above 0.7850 look for further upside with 0.7875 & 0.7900 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
0.7900
0.7875
0.7850
0.7815 Last
0.7790
0.7765
0.7725
Gold spot Intraday: under pressure.
Pivot: 1277.00
Our preference: short positions below 1277.00 with targets at 1267.00 & 1262.00 in extension.
Alternative scenario: above 1277.00 look for further upside with 1281.00 & 1286.50 as targets.
Comment: the RSI lacks upward momentum.
Supports and resistances:
1286.50
1281.00
1277.00
1269.90 Last
1267.00
1262.00
1254.00
Crude Oil (WTI) (X7) Intraday: under pressure.
Pivot: 50.95
Our preference: short positions below 50.95 with targets at 50.05 & 49.75 in extension.
Alternative scenario: above 50.95 look for further upside with 51.30 & 51.75 as targets.
Comment: the RSI is capped by a bearish trend line.
Supports and resistances:
51.75
51.30
50.95
50.47 Last
50.05
49.75
49.25
For more in depth Research & Analysis please visit FxGrow.https://goo.gl/h8PDRo
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.