Daily Technical Analysis - Pre US Open - 18th October 2011

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PRE US OPEN, Daily Technical analysis, 18 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: 1.379 Most Likely Scenario: Short positions below 1.379 with targets @ 1.3615 & 1.3575 in extension. Alternative scenario: Above 1.379 look for further upside with 1.383 & 1.39 as targets. Comment: The pair has broken below its support and remains under pressure. Next » GBP/USD intraday: under pressure. Pivot: 1.5785 Most Likely Scenario: Short positions below 1.5785 with targets @ 1.567 & 1.562 in extension. Alternative scenario: Above 1.5785 look for further upside with 1.5825 & 1.5855 as targets. Comment: The pair is under pressure and is breaking below its support. « Previous | Next » USD/JPY intraday: under pressure. Pivot: 77 Most Likely Scenario: Short positions below 77 with targets @ 76.6 & 76.4 in extension. Alternative scenario: Above 77 look for further upside with 77.2 & 77.5 as targets. Comment: The pair is under pressure and is challenging its support. « Previous | Next » AUD/USD intraday: under pressure. Pivot: 1.0225 Most Likely Scenario: Short positions below 1.0225 with targets @ 1.01 & 1.002 in extension. Alternative scenario: Above 1.0225 look for further upside with 1.0285 & 1.0375 as targets. Comment: The RSI is capped by a declining trend line. « Previous | Next » GOLD (Spot) intraday: the downside prevails. Pivot: 1675.00 Most Likely Scenario: SHORT positions below 1675 with 1653 & 1646 as next targets. Alternative scenario: The upside penetration of 1675 will call for 1683 & 1695. Comment: The price has broken below a bullish channel support. « Previous | Next » Crude Oil (Dec 11) intraday: key ST resistance at 86.75 Pivot: 86.75 Most Likely Scenario: SHORT positions below 86.75 with targets @ 85.5 & 85. Alternative scenario: The upside breakout of 86.75 will open the way to 87.85 & 88.4. Comment: The break below 86.75 is a negative signal that has opened a path to 85.5. « 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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