Daily Technical Analysis Pre EU 18th October 2011

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PRE EUROPEAN OPEN, Daily Technical analysis, 18 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: under pressure. Pivot: 1.3830. Most Likely Scenario: SHORT positions @ 1.382 with targets @ 1.372 & 1.3685. Alternative scenario: The upside penetration of 1.383 will call for a rebound towards 1.39 & 1.394. Comment: The RSI is capped by a declining trend line, the pair remains under pressure and is challenging its support. Trend: ST Consolidation; MT Bearish Next » GBP/USD intraday: caution. Pivot: 1.5855. Most Likely Scenario: SHORT positions @ 1.5845 with 1.572 & 1.567 as next targets. Alternative scenario: The upside penetration of 1.5855 will call for 1.591 & 1.5955. Comment: The pair has rebounded but stands below its resistance. « Previous | Next » USD/JPY intraday: under pressure. Pivot: 77.00. Most Likely Scenario: SHORT positions @ 76.95 with 76.6 & 76.4 as next targets. Alternative scenario: The upside breakout of 77 will open the way to 77.2 & 77.5. Comment: The pair remains under pressure and is challenging its support. « Previous | Next » AUD/USD intraday: under pressure. Pivot: 1.0285 Most Likely Scenario: Short positions below 1.0285 with targets @ 1.01 & 1.002 in extension. Alternative scenario: Above 1.0285 look for further upside with 1.0375 & 1.053 as targets. Comment: The RSI is capped by a declining trend line. « Previous | Next » GOLD (Spot) intraday: bounce. Pivot: 1665.00 Most Likely Scenario: LONG positions above 1665 with 1683 & 1695 in sight. Alternative scenario: The downside penetration of 1665 will call for a slide towards 1653 & 1646. Comment: The RSI has just landed on a support around 30% and is reversing up. « Previous | Next » Crude Oil (Dec 11) intraday: the bias remains bullish. Pivot: 86.10 Most Likely Scenario: LONG positions above 86.1 with targets @ 88.4 & 89.85. Alternative scenario: The downside penetration of 86.1 will call for a slide towards 85.5 & 85. Comment: The RSI is mixed with a bullish bias. « 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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