Daily Technical Analysis Pre EU 19th October 2011

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PRE EUROPEAN OPEN, Daily Technical analysis, 19 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: caution. Pivot: 1.3830. Most Likely Scenario: SHORT positions @ 1.382 with 1.3725 & 1.3655 as next targets. Alternative scenario: The upside breakout of 1.383 will open the way to 1.389 & 1.3915. Comment: The pair is posting a rebound but stands below its new resistance as the RSI lacks upward momentum. Trend: ST Consolidation; MT Bearish Next » GBP/USD intraday: capped by a negative trend line. Pivot: 1.5790. Most Likely Scenario: SHORT positions @ 1.578 with 1.567 & 1.563 in sight. Alternative scenario: The upside penetration of 1.579 will call for 1.583 & 1.59. Comment: The pair is posting a rebound but remains capped by a declining trend line. « 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 penetration of 77 will call for a rebound towards 77.2 & 77.5. Comment: The pair remains under pressure and is challenging its support. « Previous | Next » AUD/USD intraday: the upside prevails. Pivot: 1.0185 Most Likely Scenario: Long positions above 1.0185 with targets @ 1.0375 & 1.048 in extension. Alternative scenario: Below 1.0185 look for further downside with 1.012 & 1.002 as targets. Comment: The pair is trading in an ascending channel. « Previous | Next » GOLD (Spot) intraday: further upside. Pivot: 1643.00 Most Likely Scenario: LONG positions above 1643 with 1676 & 1695 as next targets. Alternative scenario: The downside breakout of 1643 will open the way to 1627 & 1612. Comment: The RSI broke above a declining trend line. « Previous | Next » Crude Oil (Dec 11) intraday: the bias remains bullish. Pivot: 87.35 Most Likely Scenario: LONG positions above 87.35 with 89.75 & 90.45 in sight. Alternative scenario: The downside breakout of 87.35 will open the way to 85.75 & 85.1. Comment: The RSI broke above a bearish 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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