Daily Technical Analysis Pre EU 31st October 2011

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PRE EUROPEAN OPEN, Daily Technical analysis, 31 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: 1.4110. Most Likely Scenario: SHORT positions below 1.411 with 1.3975 & 1.391 in sight. Alternative scenario: The upside breakout of 1.411 will open the way to 1.419 & 1.426. Comment: The pair has broken below its support and remains on the downside. Trend: ST Consolidation; MT Bearish Next » GBP/USD intraday: under pressure. Pivot: 1.6035. Most Likely Scenario: SHORT positions below 1.6035 with 1.595 & 1.59 in sight. Alternative scenario: The upside penetration of 1.6035 will call for a rebound towards 1.609 & 1.615. Comment: The pair is under pressure and is approaching its support. « Previous | Next » USD/JPY intraday: the upside prevails. Pivot: 77.90. Most Likely Scenario: LONG positions above 77.9 with 79.6 & 80.1 in sight. Alternative scenario: The downside penetration of 77.9 will call for 77.2 & 76.5. Comment: The RSI has broken above a declining trend line, the pair has broken above its resistance and remains on the upside. « Previous | Next » AUD/USD intraday: under pressure. Pivot: 1.0656 Most Likely Scenario: Short positions below 1.0656 with targets @ 1.05 & 1.042 in extension. Alternative scenario: Above 1.0656 look for further upside with 1.0725 & 1.0756 as targets. Comment: The RSI is bearish and calls for further decline. « Previous | Next » GOLD (Spot) intraday: the downside prevails. Pivot: 1728.00 Most Likely Scenario: SHORT positions below 1728 with 1695 & 1678 in sight. Alternative scenario: The upside penetration of 1728 will call for 1752 & 1765. Comment: The RSI broke below a rising trend line. « Previous | Next » Crude Oil (Dec 11) intraday: the bias remains bullish. Pivot: 92.00 Most Likely Scenario: LONG positions above 92 with 93.75 & 94.65 as next targets. Alternative scenario: The downside penetration of 92 will call for 90.65 & 90. Comment: A support base at 92 has formed and has allowed for a temporary stabilisation. « 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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