Daily Technical Analysis Pre EU 24th October 2011

If you cannot read this newsletter, please click here

PRE EUROPEAN OPEN, Daily Technical analysis, 24 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: 1.3810. Most Likely Scenario: LONG positions @ 1.382 with 1.3905 & 1.402 in sight. Alternative scenario: The downside breakout of 1.381 will open the way to 1.37 & 1.365. Comment: The pair has rebounded on it support, the RSI is supported by a rising trend line. Trend: ST Consolidation; MT Bearish Next » GBP/USD intraday: the upside prevails. Pivot: 1.5850. Most Likely Scenario: LONG positions @ 1.586 with targets @ 1.5985 & 1.605. Alternative scenario: The downside penetration of 1.585 will call for a slide towards 1.575 & 1.568. Comment: The RSI is supported by a rising trend line, the pair stands above its new support and remains on the upside. « Previous | Next » USD/JPY intraday: under pressure. Pivot: 76.60. Most Likely Scenario: SHORT positions @ 76.55 with 76 & 75.8 in sight. Alternative scenario: The upside penetration of 76.6 will call for a rebound towards 76.8 & 76.95. Comment: The pair stands below its new resistance and remains under pressure. « Previous | Next » AUD/USD intraday: further upside. Pivot: 1.0305 Most Likely Scenario: Long positions above 1.0305 with targets @ 1.044 & 1.05 in extension. Alternative scenario: Below 1.0305 look for further downside with 1.026 & 1.02 as targets. Comment: The RSI is supported by a rising trend line. « Previous | Next » GOLD (Spot) intraday: the bias remains bullish. Pivot: 1629.00 Most Likely Scenario: LONG positions above 1629 with targets @ 1648 & 1660. Alternative scenario: The downside breakout of 1629 will open the way to 1611 & 1603. Comment: The RSI is bullish and calls for further upside. « Previous | Next » Crude Oil (Dec 11) intraday: further advance. Pivot: 87.00 Most Likely Scenario: LONG positions above 87 with targets @ 88.85 & 89.65. Alternative scenario: The downside breakout of 87 will open the way to 85.95 & 85.3. Comment: The break above 87 is a positive signal that has opened a path to 88.85. « 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

Legal: FxPro Financial Services Ltd is authorised and regulated by CySEC (licence no. 078/07) Email: info@FxPro.com Web: www.FxPro.com Address: Karyatidon 1, Ypsonas 4180, Cyprus 24/5 International Customer Support Tel: +357 25 969 222 Fax: +357 25 969 233 Risk Warning: CFDs, which are leveraged products, incur a high level of risk and can result in the loss of all your invested capital. Therefore, CFDs may not be suitable for all investors. You should not risk more than you are prepared to lose. Before deciding to trade, please ensure you understand the risks involved and take into account your level of experience. Seek independent advice if necessary. To update your mailing preferences or to unsubscribe from future messages please follow the below instructions: - For current registered FxPro Trading Account users, login to FxPro Direct and choose subscriptions to view all mailing options. - If you do not have an FxPro Trading Account, please Click Here to unsubscribe.