Daily Technical Analysis - Pre US Open - 14th October 2011

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PRE US OPEN, Daily Technical analysis, 14 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: capped by a negative trend line. Pivot: 1.383 Most Likely Scenario: Short positions below 1.383 with targets @ 1.3725 & 1.37 in extension. Alternative scenario: Above 1.383 look for further upside with 1.3875 & 1.395 as targets. Comment: The pair is challenging its declining trend line. Next » GBP/USD intraday: under pressure. Pivot: 1.58 Most Likely Scenario: Short positions below 1.58 with targets @ 1.572 & 1.567 in extension. Alternative scenario: Above 1.58 look for further upside with 1.5855 & 1.5910 as targets. Comment: The pair has struck against its resistance and remains under pressure. « Previous | Next » USD/JPY intraday: under pressure. Pivot: 77.05 Most Likely Scenario: Short positions below 77.05 with targets @ 76.6 & 76.5 in extension. Alternative scenario: Above 77.05 look for further upside with 77.2 & 77.4 as targets. Comment: The pair stands below its resistance and should face a weakness. « Previous | Next » AUD/USD intraday: bullish bias above 1.02. Pivot: 1.02 Most Likely Scenario: Long positions above 1.02 with targets @ 1.0315 & 1.039 in extension. Alternative scenario: Below 1.02 look for further downside with 1.01 & 1.002 as targets. Comment: The RSI has just broken above a declining trend line. « Previous | Next » GOLD (Spot) intraday: 1692 in sight Pivot: 1654.00 Most Likely Scenario: LONG positions above 1654 with 1692 & 1715 in sight. Alternative scenario: The downside penetration of 1654 will call for 1640 & 1630. Comment: The price remains in a bullish channel. « Previous | Next » Crude Oil (Dec 11) intraday: the bias remains bullish. Pivot: 84.80 Most Likely Scenario: LONG positions above 84.8 with 86.75 & 87.3 in sight. Alternative scenario: The downside breakout of 84.8 will open the way to 84 & 83.5. Comment: The RSI calls for a new upleg. « 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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