{"id":5971,"date":"2021-11-11T10:10:25","date_gmt":"2021-11-11T10:10:25","guid":{"rendered":"https:\/\/www.sevenstarfx.com\/blog\/?p=5971"},"modified":"2021-11-12T09:22:12","modified_gmt":"2021-11-12T09:22:12","slug":"daily-market-outlook-11-november-2021","status":"publish","type":"post","link":"https:\/\/www.sevenstarfx.com\/blog\/daily-market-outlook-11-november-2021\/","title":{"rendered":"Daily Market Outlook, 11 November, 2021"},"content":{"rendered":"

EUR\/USD Intraday:<\/span> Trend on the downside<\/strong><\/h3>\n

Our pivot point is at 1.14900<\/strong><\/p>\n

Preferable Price Action<\/strong>: Take Short positions below pivot level with targets at 1.14530 & 1.14140 in extension.<\/p>\n

Alternative Price Action<\/strong>: Above pivot looks for a further upside to 1.15320 & 1.15790.<\/p>\n

Comment: <\/strong>Pair above its 55MA & 20MA and RSI above 50 levels.<\/p>\n

\"\"<\/p>\n

Green Lines Indicate Resistance Levels<\/span>\u00a0\u00a0\u2013\u00a0Red Lines Indicates Support Levels\u00a0<\/span>
\nLight Blue is a Pivot Point<\/span>\u00a0\u00a0\u00a0\u2013 Black represents the price when the report was produced<\/p>\n

\n

GBP\/USD Intraday: <\/span>Resistance at 1.35410<\/h3>\n

Our pivot point is at 1.35410<\/strong><\/p>\n

Preferable Price Action<\/strong>: Buy positions above pivot with targets at 1.36100 & 1.36990 in extension.<\/p>\n

Alternative Price Action<\/strong>: The price below pivot would call for further downside to 1.33520 & 1.32500.<\/p>\n

Comment<\/strong>: Pair below its 50MA & 20MA and RSI below 50 levels.<\/p>\n

\"\"<\/h3>\n

Green Lines Indicate Resistance Levels<\/span>\u00a0\u00a0\u2013\u00a0Red Lines Indicates Support Levels\u00a0<\/span>
\nLight Blue is a Pivot Point<\/span>\u00a0\u00a0\u00a0\u2013 Black represents the price when the report was produced<\/p>\n

\n

USD\/JPY Intraday:<\/span> Resistance at 113.880<\/h3>\n

Our pivot point is at 113.880<\/strong><\/p>\n

Preferable Price\u00a0<\/strong>Action:<\/strong> Sell position below pivot with the target at 112.840 and 112.210 in extension.<\/p>\n

Alternative Price Action<\/strong>: The downside breakout of the pivot would call for 114.740 and 115.420.<\/p>\n

Comment<\/strong>: Price below its 55MA & 20MA and MACD in negative territory.<\/p>\n

\"\"<\/p>\n

Green Lines Indicate Resistance Levels<\/span>\u00a0\u00a0\u2013\u00a0Red Lines Indicates Support Levels\u00a0<\/span>
\nLight Blue is a Pivot Point<\/span>\u00a0\u00a0\u00a0\u2013 Black represents the price when the report was produced<\/p>\n

\n

AUD\/USD Intraday: <\/span>Break support level<\/h3>\n

Our pivot point is at 0.73050<\/strong><\/p>\n

Preferable Price Action:<\/strong> Sell Positions below pivot with targets at 0.72670 & 0.72260 in extension.<\/p>\n

Alternative Price Action<\/strong>: Above pivot looks for a further upside with 0.73560 & 0.74030 as targets.<\/p>\n

Comment<\/strong>: Pair below its 55MA & 20MA and RSI below 50 levels.<\/p>\n

\"\"<\/p>\n

Green Lines Indicate Resistance Levels<\/span>\u00a0\u00a0\u2013\u00a0Red Lines Indicates Support Levels\u00a0<\/span>
\nLight Blue is a Pivot Point<\/span>\u00a0\u00a0\u00a0\u2013 Black represents the price when the report was produced<\/p>\n

\n

CRUDEOIL Intraday: <\/span>Trend on the downside<\/strong><\/h3>\n

Our pivot point is at 81.60<\/strong><\/p>\n

Preferable Price Action<\/strong>: Above pivots buy Oil with 83.40 & 85.60 as targets.<\/p>\n

Alternative Price Action<\/strong>: Sell crude below pivot with targets at 80.00 and 78.50 in extension.<\/p>\n

Comment<\/strong>: Crude is above its 55MA & 20MA and MACD in the positive territory.<\/p>\n

\"\"<\/p>\n

Green Lines Indicate Resistance Levels<\/span>\u00a0\u00a0\u2013\u00a0Red Lines Indicates Support Levels\u00a0<\/span>
\nLight Blue is a Pivot Point<\/span>\u00a0\u00a0\u00a0\u2013 Black represents the price when the report was produced<\/p>\n

\n

XAU\/USD Intraday: <\/span>Trend on the upside<\/h3>\n

Our pivot point is 1857.5<\/strong>0<\/strong><\/p>\n

Preferable Price Action<\/strong>: Further Upside to 1873.10 and 1890.00<\/p>\n

Alternative Price Action<\/strong>: If the price gives a Downside breakout of a pivot, then the price extends to 1835.90 and 1813.10<\/p>\n

Comment<\/strong>: MACD in flat territory and price above its 55MA.<\/p>\n

\"\"<\/p>\n

Green Lines Indicate Resistance Levels<\/span>\u00a0\u00a0\u2013\u00a0Red Lines Indicates Support Levels\u00a0<\/span>
\nLight Blue is a Pivot Point<\/span>\u00a0\u00a0\u00a0\u2013 Black represents the price when the report was produced<\/p>\n

\n

Dow Jones Intraday: <\/span>Support at 36,150.00<\/h3>\n

Our pivot point is 36,130.00<\/strong><\/p>\n

Preferable Price Action<\/strong>: Take long positions above pivot with targets at 36,320.00 & 36,520.00.<\/p>\n

Alternative Price Action<\/strong>: Below looks for further downside to 35,900.00 & 35,750.00.<\/p>\n

Comment<\/strong>: Price above its 55MA and RSI above 50 levels.<\/p>\n

\"\"<\/p>\n

Green Lines Indicate Resistance Levels<\/span>\u00a0\u00a0\u2013\u00a0Red Lines Indicates Support Levels\u00a0<\/span>
\nLight Blue is a Pivot Point<\/span> \u00a0\u00a0\u2013 Black represents the price when the report was produced<\/p>\n","protected":false},"excerpt":{"rendered":"

EUR\/USD Intraday: Trend on the downside Our pivot point is at 1.14900 Preferable Price Action: Take Short positions below pivot level with targets at 1.14530 & 1.14140 in extension. Alternative… <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[124,89,10,28,324,3,155,325,326,220,26,163,33,72,31,101],"yoast_head":"\nDaily Market Outlook, 11 November, 2021 | Seven Star FX<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sevenstarfx.com\/blog\/daily-market-outlook-11-november-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Market Outlook, 11 November, 2021 | Seven Star FX\" \/>\n<meta property=\"og:description\" content=\"EUR\/USD Intraday: Trend on the downside Our pivot point is at 1.14900 Preferable Price Action: Take Short positions below pivot level with targets at 1.14530 & 1.14140 in extension. 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