Daily Technical Analysis Pre EU 28th September 2011

PRE EUROPEAN OPEN, Daily Technical analysis, 28 September 2011

EUR/USD GBP/USD USD/JPY AUD/USD Gold Crude Oil

Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out.

EUR/USD intraday: key ST resistance at 1.367 Pivot: 1.3670. Most Likely Scenario: SHORT positions below 1.367 with 1.3475 & 1.3415 as next targets. Alternative scenario: The upside penetration of 1.367 will call for a rebound towards 1.375 & 1.38. Comment: The RSI is breaking below a rising trend line, the pair remains capped by a MT declining trend line and is still under pressure. Trend: ST Consolidation; MT Bearish Next » GBP/USD intraday: the upside prevails. Pivot: 1.5600. Most Likely Scenario: LONG positions above 1.56 with 1.57 & 1.575 as next targets. Alternative scenario: The downside breakout of 1.56 will open the way to 1.553 & 1.5475. Comment: The pair should post a rebound on its support as the RSI is turning up. « Previous | Next » USD/JPY intraday: under pressure. Pivot: 76.70. Most Likely Scenario: SHORT positions below 76.7 with 76.4 & 76.25 as next targets. Alternative scenario: The upside penetration of 76.7 will call for a rebound towards 76.9 & 77.1. Comment: The pair stands below its resistance and remains under pressure. « Previous | Next » AUD/USD intraday: under pressure. Pivot: 0.9925 Most Likely Scenario: Short positions below 0.9925 with targets @ 0.9825 & 0.975 in extension. Alternative scenario: Above 0.9925 look for further upside with 1 & 1.0075 as targets. Comment: The pair is challenging its support, the RSI is mixed to bearish. « Previous | Next » GOLD (Spot) intraday: caution. Pivot: 1624.00 Most Likely Scenario: LONG positions above 1624 with 1672 & 1690 as next targets. Alternative scenario: The downside penetration of 1624 will call for 1585 & 1530. Comment: The RSI is mixed and calls for caution. « Previous | Next » Crude Oil (Nov 11) intraday: the bias remains bullish. Pivot: 81.10 Most Likely Scenario: LONG positions above 81.1 with targets @ 84.75 & 85.8. Alternative scenario: The downside penetration of 81.1 will call for a slide towards 79.2 & 77.5. Comment: Intraday support around 81.1 « Previous | BACK TO TOP » Disclaimer Copyright The information contained in this publication is produced by TRADING Central and not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects TRADING Central current judgment and may change without notice. TRADING Central is not registered in France as an Investment Services Provider but complies with the following rules and directives, including: - General Regulation Handbook of the AMF, Book III, Title III, Chapter VII "Investment Analysts Not Associated with an Investment Services Provider" - EU Commission Directive 2006/73 dated 10 August 2006, Articles 24 and 25 - EU Commission Directive 2004/39 dated 21 April 2004 - EU Commission Directive 2003/125 dated 22 December 2003

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