Daily Technical Analysis Pre EU 12th October 2011

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PRE EUROPEAN OPEN, Daily Technical analysis, 12 October 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: the upside prevails. Pivot: 1.3570. Most Likely Scenario: LONG positions above 1.357 with 1.3665 & 1.3705 as next targets. Alternative scenario: The downside breakout of 1.357 will open the way to 1.352 & 1.347. Comment: The pair stands above its new support and remains on the upside. Trend: ST Consolidation; MT Bearish Next » GBP/USD intraday: intraday support around 1.553 Pivot: 1.5530. Most Likely Scenario: LONG positions above 1.553 with 1.561 & 1.5665 in sight. Alternative scenario: The downside penetration of 1.553 will call for 1.55 & 1.5475. Comment: The RSI is breaking above a declining trend line, the pair should rebound on its support. « Previous | Next » USD/JPY intraday: under pressure. Pivot: 76.90. Most Likely Scenario: SHORT positions @ 76.85 with 76.5 & 76.3 in sight. Alternative scenario: The upside penetration of 76.9 will call for a rebound towards 77.1 & 77.2. Comment: The pair remains under pressure and is challenging its support. « Previous | Next » AUD/USD intraday: intraday support around 0.985. Pivot: 0.985 Most Likely Scenario: Long positions above 0.985 with targets @ 1 & 1.005 in extension. Alternative scenario: Below 0.985 look for further downside with 0.978 & 0.9725 as targets. Comment: The RSI lacks downward momentum. « Previous | Next » GOLD (Spot) intraday: the bias remains bullish. Pivot: 1650.00 Most Likely Scenario: LONG positions above 1650 with 1685 & 1700 as next targets. Alternative scenario: The downside penetration of 1650 will call for 1630 & 1600. Comment: The price remains in a bullish channel. « Previous | Next » Crude Oil (Nov 11) intraday: further upside. Pivot: 84.00 Most Likely Scenario: LONG positions above 84 with 86.25 & 87.95 in sight. Alternative scenario: The downside penetration of 84 will call for a slide towards 81.5 & 80. Comment: The price is challenging its bullish channel support. « 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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