Daily Technical Analysis Pre EU 27th October 2011

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PRE EUROPEAN OPEN, Daily Technical analysis, 27 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: 1.3875. Most Likely Scenario: LONG positions above 1.3875 with targets @ 1.402 & 1.4055. Alternative scenario: The downside penetration of 1.3875 will call for 1.381 & 1.375. Comment: The RSI has broken above a declining trend line, the pair remains on the upside and is challenging its resistance. Trend: ST Consolidation; MT Bearish Next » GBP/USD intraday: caution. Pivot: 1.6050. Most Likely Scenario: SHORT positions below 1.605 with targets @ 1.5955 & 1.59. Alternative scenario: The upside penetration of 1.605 will call for a rebound towards 1.609 & 1.612. Comment: The pair is rebounding and is approaching its resistance, caution. « Previous | Next » USD/JPY intraday: caution. Pivot: 75.90. Most Likely Scenario: LONG positions above 75.9 with 76.3 & 76.5 as next targets. Alternative scenario: The downside breakout of 75.9 will open the way to 75.7 & 75.4. Comment: The pair is challenging its support, caution. « Previous | Next » AUD/USD intraday: bullish bias above 1.0425. Pivot: 1.0425 Most Likely Scenario: Long positions above 1.0425 with targets @ 1.0575 & 1.0625 in extension. Alternative scenario: Below 1.0425 look for further downside with 1.036 & 1.0325 as targets. Comment: The RSI broke above a bearish trend line. « Previous | Next » GOLD (Spot) intraday: bullish bias above 1700 Pivot: 1700.00 Most Likely Scenario: LONG positions above 1700 with targets @ 1730 & 1750. Alternative scenario: The downside penetration of 1700 will call for 1680 & 1665. Comment: The RSI is supported by a rising trend line. « Previous | Next » Crude Oil (Dec 11) intraday: rebound. Pivot: 90.20 Most Likely Scenario: LONG positions above 90.2 with 93.75 & 94.65 in sight. Alternative scenario: The downside breakout of 90.2 will open the way to 89.4 & 88.2. Comment: The RSI broke above a declining 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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