Pre US Open, Daily Technical Analysis   Thursday, November 30, 2017

Pre US Open, Daily Technical Analysis Thursday, November 30, 2017

30 November 2017, 13:30
Dragan Drenjanin
0
14

EUR/USD Intraday: turning down.


Pivot: 1.1870
Most Likely Scenario: short positions below 1.1870 with targets at 1.1795 & 1.1760 in extension.
Alternative scenario: above 1.1870 look for further upside with 1.1895 & 1.1920 as targets.
Comment: the RSI shows downside momentum.

GBP/USD Intraday: supported by a rising trend line.


Pivot: 1.3405
Most Likely Scenario: long positions above 1.3405 with targets at 1.3485 & 1.3515 in extension.
Alternative scenario: below 1.3405 look for further downside with 1.3350 & 1.3315 as targets.
Comment: the RSI shows upside momentum.

USD/JPY Intraday: further upside.


Pivot: 111.90
Most Likely Scenario: long positions above 111.90 with targets at 112.65 & 112.85 in extension.
Alternative scenario: below 111.90 look for further downside with 111.65 & 111.35 as targets.
Comment: the RSI shows upside momentum.

AUD/USD Intraday: turning down.


Pivot: 0.7595
Most Likely Scenario: short positions below 0.7595 with targets at 0.7550 & 0.7530 in extension.
Alternative scenario: above 0.7595 look for further upside with 0.7620 & 0.7645 as targets.
Comment: the RSI shows downside momentum.

Gold spot Intraday: the downside prevails.


Pivot: 1286.00
Most Likely Scenario: short positions below 1286.00 with targets at 1276.00 & 1274.00 in extension.
Alternative scenario: above 1286.00 look for further upside with 1289.00 & 1293.00 as targets.
Comment: the RSI advocates for further downside.

Crude Oil (WTI) (F8) Intraday: under pressure.


Pivot: 58.15
Most Likely Scenario: short positions below 58.15 with targets at 56.75 & 56.40 in extension.
Alternative scenario: above 58.15 look for further upside with 58.55 & 59.00 as targets.
Comment: the RSI lacks upward momentum.


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