Daily Technical Analysis - Pre US Open - 11th October 2011

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PRE US OPEN, Daily Technical analysis, 11 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: intraday support around 1.357. Pivot: 1.357 Most Likely Scenario: Long positions above 1.357 with targets @ 1.37 & 1.376 in extension. Alternative scenario: Below 1.357 look for further downside with 1.352 & 1.347 as targets. Comment: The RSI lacks downward momentum. Next » GBP/USD intraday: intraday support around 1.561. Pivot: 1.561 Most Likely Scenario: Long positions above 1.561 with targets @ 1.569 & 1.5715 in extension. Alternative scenario: Below 1.561 look for further downside with 1.558 & 1.553 as targets. Comment: The RSI is mixed with a bullish bias. « Previous | Next » USD/JPY intraday: under pressure. Pivot: 76.9 Most Likely Scenario: Short positions below 76.9 with targets @ 76.5 & 76.3 in extension. Alternative scenario: Above 76.9 look for further upside with 77.1 & 77.2 as targets. Comment: The upward potential is likely to be limited by the resistance at 76.9. « Previous | Next » AUD/USD intraday: supported by a rising trend line. Pivot: 0.988 Most Likely Scenario: Long positions above 0.988 with targets @ 1.001 & 1.005 in extension. Alternative scenario: Below 0.988 look for further downside with 0.98 & 0.9725 as targets. Comment: The RSI lacks downward momentum. « Previous | Next » GOLD (Spot) intraday: further upside. Pivot: 1645.00 Most Likely Scenario: LONG positions above 1645 with targets @ 1685 & 1700. Alternative scenario: The downside penetration of 1645 will call for 1630 & 1600. Comment: The price remains in a bullish channel. « Previous | Next » Crude Oil (Nov 11) intraday: the bias remains bullish. Pivot: 84.00 Most Likely Scenario: LONG positions above 84 with 86.25 & 87.95 as next targets. Alternative scenario: The downside penetration of 84 will call for 81.5 & 80. Comment: The price is challenging its bullish channel support. « 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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