Industrial Investment: Major Product Technology Updates2016.11.17

Industrial Investment: Major Product Technology Updates2016.11.17
(source:Trading Central)
2016year11month17day
(Note:***=strong **=secondary *=Fatigue)
EUR/USD
Turning point:1.0755
Trading strategy:1.0755Below, bearish, target price is1.0665and1.0615。
Alternative strategy: in1.0755Above, bullish, target price is1.0820and1.0865。
Technical Review: Even if we cannot rule out the possibility of a sustained technical rebound, its duration should be limited.
Support and resistance levels:
1.0865
1.0820
1.0755
1.0705 Closing price
1.0665
1.0615
1.0560
USD/JPY
Turning point:108.35
Trading strategy:108.35Above, bullish, target price is109.85, and then110.60。
Alternative strategy: in108.35Below, bearish, with a target price set at107.70, and then106.90。
Technical Review:RSITechnical indicators lack downward momentum.
Support and resistance levels:
111.45
110.60
109.85
109.02 Closing price
108.35
107.70
106.90
GBP USD
Turning point:1.2500
Trading strategy:1.2500Below, bearish, target price is1.2410, and then1.2380。
Alternative strategy: in1.2500Above, bullish, target price set at1.2560, and then1.2615。
Technical Review: Breaking through1.2410The position will trigger a drop to1.2380。
Support and resistance levels:
1.2615
1.2560
1.2500
1.2423 Closing price
1.2410
1.2380
1.2355
gold
Turning point:1238.00
Trading strategy:1238.00Below, bearish, target price is1211.00, and then1200.00。
Alternative strategy: in1238.00Above, bullish, target price set at1251.00, and then1270.00。
Technical Review:RSIThe operating trend of technical indicators is complex and tends to decline.
Support and resistance levels:
1270.00
1251.00
1238.00
1225.66Closing price
1211.00
1200.00
1184.00
silver
Turning point:17.45
Trading strategy:17.45Below, bearish, target price is16.60, and then16.27。
Alternative strategy: in17.45Above, bullish, target price set at17.73, and then18.00。
Technical Review: Even if we cannot rule out the possibility of a sustained technical rebound, its duration should be limited.
Support and resistance levels:
18.00
17.73
17.45
16.978 Closing price
16.60
16.27
16.03