Daily Technical Analysis Pre EU 17th October 2011

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PRE EUROPEAN OPEN, Daily Technical analysis, 17 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: 1.3800. Most Likely Scenario: LONG positions @ 1.381 with targets @ 1.39 & 1.394. Alternative scenario: The downside penetration of 1.38 will call for 1.375 & 1.3725. Comment: The pair stands above its new support and should post further advance. Trend: ST Consolidation; MT Bearish Next » GBP/USD intraday: supported by a rising trend line. Pivot: 1.5760. Most Likely Scenario: LONG positions @ 1.577 with 1.5855 & 1.591 in sight. Alternative scenario: The downside penetration of 1.576 will call for a slide towards 1.572 & 1.567. Comment: The pair remains supported by a rising trend line and should post a rebound. « Previous | Next » USD/JPY intraday: the upside prevails. Pivot: 77.00. Most Likely Scenario: LONG positions @ 77.05 with 77.5 & 77.7 in sight. Alternative scenario: The downside penetration of 77 will call for a slide towards 76.75 & 76.6. Comment: The pair has struck against its resistance and is pulling back on its support ahead of a rebound. « Previous | Next » AUD/USD intraday: bullish bias above 1.02. Pivot: 1.02 Most Likely Scenario: Long positions above 1.02 with targets @ 1.039 & 1.053 in extension. Alternative scenario: Below 1.02 look for further downside with 1.01 & 1.002 as targets. Comment: The RSI is supported by a rising trend line. « Previous | Next » GOLD (Spot) intraday: further upside. Pivot: 1654.00 Most Likely Scenario: LONG positions above 1654 with targets @ 1692 & 1715. Alternative scenario: The downside breakout of 1654 will open the way to 1640 & 1630. Comment: The price remains in a bullish channel. « Previous | Next » Crude Oil (Dec 11) intraday: the bias remains bullish. Pivot: 85.50 Most Likely Scenario: LONG positions above 85.5 with targets @ 88.1 & 88.85. Alternative scenario: The downside breakout of 85.5 will open the way to 84 & 83.5. Comment: The price is supported by a rising trend line. « 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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