Daily Technical Analysis Pre EU 20th October 2011

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PRE EUROPEAN OPEN, Daily Technical analysis, 20 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: 1.3790. Most Likely Scenario: SHORT positions @ 1.378 with 1.3655 & 1.358 as next targets. Alternative scenario: The upside breakout of 1.379 will open the way to 1.3855 & 1.3915. Comment: The pair has validated a rising wedge and is breaking below its support. Trend: ST Consolidation; MT Bearish Next » GBP/USD intraday: under pressure. Pivot: 1.5800. Most Likely Scenario: SHORT positions @ 1.579 with 1.57 & 1.563 in sight. Alternative scenario: The upside breakout of 1.58 will open the way to 1.585 & 1.59. Comment: The RSI is badly directed, the pair should face further weakness. « 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 77.2 & 77.5. Comment: The pair remains under pressure and is challenging its support. « Previous | Next » AUD/USD intraday: the downside prevails. Pivot: 1.029 Most Likely Scenario: Short positions below 1.029 with targets @ 1.012 & 1.002 in extension. Alternative scenario: Above 1.029 look for further upside with 1.0375 & 1.048 as targets. Comment: The pair is breaking below its channel support. « Previous | Next » GOLD (Spot) intraday: the downside prevails. Pivot: 1625.00 Most Likely Scenario: SHORT positions below 1625 with 1600 & 1595 as next targets. Alternative scenario: The upside breakout of 1625 will open the way to 1640 & 1650. Comment: The RSI calls for a new downleg. « Previous | Next » Crude Oil (Dec 11) intraday: the downside prevails. Pivot: 86.50 Most Likely Scenario: SHORT positions below 86.5 with 84 & 83.45 as next targets. Alternative scenario: The upside penetration of 86.5 will call for a rebound towards 87.3 & 88.15. Comment: The break below 86.5 is a negative signal that has opened a path to 84. « 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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