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CFI Group English (English)

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CFI Group English

21 Nov, 17:00

EUR/USD intraday: below its lower Bollinger band
Our pivot point stands at 1.0514.

Our preference: the downside prevails as long as 1.0514 is resistance.

Alternative scenario: above 1.0514, look for 1.0540 and 1.0555.

Comment: the RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.0521 and 1.0533). Finally, the EUR/USD has penetrated its lower Bollinger band (1.0490).

Supports and resistances:
1.0555 **
1.0540 *
1.0514 **
1.0503
1.0475 last
1.0444
1.0428 **
1.0413 *
1.0397 **

https://charts.tradingcentral.com/charts/eureur241121174545.gif

393

CFI Group English

21 Nov, 16:19

Gold Intraday: the upside prevails.
Pivot: 2645.00

Our preference: long positions above 2645.00 with targets at 2685.00 & 2700.00 in extension.

Alternative scenario: below 2645.00 look for further downside with 2635.00 & 2618.00 as targets.

Comment: the RSI is above its neutrality area at 50%.

Supports and resistances:
2730.00
2700.00
2685.00
2667.45 Last
2645.00
2635.00
2618.00

https://charts.tradingcentral.com/charts/169_20241121170655.gif

404

CFI Group English

21 Nov, 16:14

Crude Oil (WTI) (F5) Intraday: intraday support around 69.45.
Pivot: 69.45

Our preference: long positions above 69.45 with targets at 70.70 & 71.25 in extension.

Alternative scenario: below 69.45 look for further downside with 68.85 & 68.50 as targets.

Comment: the RSI is around its neutrality area at 50%

Supports and resistances:
71.85
71.25
70.70
69.75 Last
69.45
68.85
68.50

https://charts.tradingcentral.com/charts/174_20241121170052.gif

408

CFI Group English

21 Nov, 15:04

Existing Home Sales

450

CFI Group English

21 Nov, 12:18

EUR/USD Intraday: the downside prevails.
Pivot: 1.0570

Our preference: short positions below 1.0570 with targets at 1.0510 & 1.0495 in extension.

Alternative scenario: above 1.0570 look for further upside with 1.0590 & 1.0610 as targets.

Comment: as long as 1.0570 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:
1.0610
1.0590
1.0570
1.0521 Last
1.0510
1.0495
1.0470

https://charts.tradingcentral.com/charts/74_20241121131255.gif

594

CFI Group English

21 Nov, 12:17

Gold Intraday: the upside prevails.
Pivot: 2645.00

Our preference: long positions above 2645.00 with targets at 2685.00 & 2700.00 in extension.

Alternative scenario: below 2645.00 look for further downside with 2635.00 & 2627.00 as targets.

Comment: the RSI is bullish and calls for further upside.

Supports and resistances:
2730.00
2700.00
2685.00
2667.70 Last
2645.00
2635.00
2627.00

https://charts.tradingcentral.com/charts/169_20241121130619.gif

490

CFI Group English

21 Nov, 12:16

Crude Oil (WTI) (F5) Intraday: continuation of the rebound.
Pivot: 68.85

Our preference: long positions above 68.85 with targets at 70.90 & 71.60 in extension.

Alternative scenario: below 68.85 look for further downside with 68.50 & 68.20 as targets.

Comment: the RSI advocates for further upside.

Supports and resistances:
72.00
71.60
70.90
70.28 Last
68.85
68.50
68.20

https://charts.tradingcentral.com/charts/174_20241121130618.gif

470

CFI Group English

21 Nov, 10:57

Understanding Demo Accounts in Trading: Key Insights for Beginners

Click to find out more:
https://cfi.trade/en/kw/blog/trading/understanding-demo-accounts-in-trading-key-insights-for-beginners

461

CFI Group English

21 Nov, 10:38

EUR/USD Intraday: under pressure.
Pivot: 1.0570

Our preference: short positions below 1.0570 with targets at 1.0520 & 1.0495 in extension.

Alternative scenario: above 1.0570 look for further upside with 1.0590 & 1.0610 as targets.

Comment: as long as 1.0570 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:
1.0610
1.0590
1.0570
1.0534 Last
1.0520
1.0495
1.0470

https://charts.tradingcentral.com/charts/74_20241121112235.gif

461

CFI Group English

21 Nov, 10:37

Crude Oil (WTI) (F5) Intraday: rebound.
Pivot: 68.85

Our preference: long positions above 68.85 with targets at 69.90 & 70.30 in extension.

Alternative scenario: below 68.85 look for further downside with 68.50 & 68.20 as targets.

Comment: the RSI advocates for further advance.

Supports and resistances:
70.75
70.30
69.90
69.55 Last
68.85
68.50
68.20

https://charts.tradingcentral.com/charts/174_20241121111651.gif

428

CFI Group English

21 Nov, 10:36

Gold Intraday: further advance.
Pivot: 2645.00

Our preference: long positions above 2645.00 with targets at 2675.00 & 2685.00 in extension.

Alternative scenario: below 2645.00 look for further downside with 2635.00 & 2627.00 as targets.

Comment: the RSI is bullish and calls for further upside.

Supports and resistances:
2700.00
2685.00
2675.00
2670.29 Last
2645.00
2635.00
2627.00

https://charts.tradingcentral.com/charts/169_20241121111426.gif

435

CFI Group English

21 Nov, 09:07

Crude Oil (WTI) (F5) Intraday: rebound.
Pivot: 68.85

Our preference: long positions above 68.85 with targets at 69.90 & 70.30 in extension.

Alternative scenario: below 68.85 look for further downside with 68.50 & 68.20 as targets.

Comment: the RSI advocates for further advance.

Supports and resistances:
70.75
70.30
69.90
69.38 Last
68.85
68.50
68.20

https://charts.tradingcentral.com/charts/174_20241121085702.gif

465

CFI Group English

21 Nov, 09:05

Gold Intraday: further advance.
Pivot: 2645.00

Our preference: long positions above 2645.00 with targets at 2675.00 & 2685.00 in extension.

Alternative scenario: below 2645.00 look for further downside with 2635.00 & 2627.00 as targets.

Comment: the RSI is bullish and calls for further upside.

Supports and resistances:
2700.00
2685.00
2675.00
2662.49 Last
2645.00
2635.00
2627.00

https://charts.tradingcentral.com/charts/169_20241121085415.gif

436

CFI Group English

21 Nov, 09:03

EUR/USD Intraday: continuation of the rebound.
Pivot: 1.0525

Our preference: long positions above 1.0525 with targets at 1.0565 & 1.0580 in extension.

Alternative scenario: below 1.0525 look for further downside with 1.0505 & 1.0490 as targets.

Comment: the RSI calls for a rebound.

Supports and resistances:
1.0595
1.0580
1.0565
1.0549 Last
1.0525
1.0505
1.0490

https://charts.tradingcentral.com/charts/74_20241121071624.gif

476

CFI Group English

21 Nov, 07:38

5 Things to know for today:

🛢 Yesterday, the Crude Oil Inventory report was released, showing a negative reading as it increased to 0.5 million barrels, higher than the expected -0.1 million. This reading is considered negative for oil prices!

📊 NVIDIA announced its third-quarter results for 2024, reporting a rise in earnings per share to $0.81 and record-breaking revenues of $35.1 billion. These positive results reflect the ongoing boom in the artificial intelligence sector!

🚀 Bitcoin continues to soar, reaching a new all-time high of $97,915, just $3,000 away from the $100,000 mark. These gains are driven by the positive cryptocurrency policies of the Trump administration!

🇺🇸 Markets are awaiting the U.S. unemployment claims report today, with expectations indicating a rise to 220,000. Any reading above expectations would be considered negative for the U.S. dollar!

🥇 Gold prices have risen for the fourth consecutive day due to increased demand for safe-haven assets amid concerns over escalating tensions between Russia and Ukraine in Europe!

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