Daily Technical Analysis - Pre US Open - 12th October 2011

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PRE US OPEN, Daily Technical analysis, 12 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: further advance. Pivot: 1.3665 Most Likely Scenario: Long positions above 1.3665 with targets @ 1.383 & 1.3875 in extension. Alternative scenario: Below 1.3665 look for further downside with 1.357 & 1.352 as targets. Comment: The RSI has broken above a declining trend line, the pair has broken above its resistance and remains on the upside. Next » GBP/USD intraday: further advance. Pivot: 1.565 Most Likely Scenario: Long positions above 1.565 with targets @ 1.5775 & 1.5825 in extension. Alternative scenario: Below 1.565 look for further downside with 1.561 & 1.554 as targets. Comment: The pair has validated a bullish flag and should post furter advance. « Previous | Next » USD/JPY intraday: the downside prevails. 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 pair remains under pressure and is approaching its support. « Previous | Next » AUD/USD intraday: the bias remains bullish. Pivot: 1 Most Likely Scenario: Long positions above 1 with targets @ 1.015 & 1.02 in extension. Alternative scenario: Below 1 look for further downside with 0.9925 & 0.988 as targets. Comment: The RSI calls for a new upleg. « Previous | Next » GOLD (Spot) intraday: the bias remains bullish. Pivot: 1675.00 Most Likely Scenario: LONG positions above 1675 with 1700 & 1705 in sight. Alternative scenario: The downside penetration of 1675 will call for 1660 & 1655. Comment: The price remains in a bullish channel. « Previous | Next » Crude Oil (Nov 11) intraday: the bias remains bullish. Pivot: 84.50 Most Likely Scenario: LONG positions above 84.5 with 86.6 & 87.95 in sight. Alternative scenario: The downside breakout of 84.5 will open the way to 83 & 81.5. Comment: The RSI is bullish and calls for further upside. « 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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