Daily Technical Analysis - Pre US Open - 19th October 2011

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PRE US OPEN, Daily Technical analysis, 19 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: the upside prevails. Pivot: 1.3725 Most Likely Scenario: Long positions above 1.3725 with targets @ 1.389 & 1.3915 in extension. Alternative scenario: Below 1.3725 look for further downside with 1.3655 & 1.3615 as targets. Comment: The pair is on the upside and is breaking above its resistance. Next » GBP/USD intraday: further advance. Pivot: 1.5725 Most Likely Scenario: Long positions above 1.5725 with targets @ 1.583 & 1.59 in extension. Alternative scenario: Below 1.5725 look for further downside with 1.57 & 1.567 as targets. Comment: The pair has broken above a declining trend line and should post further advance. « 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, the RSI is capped by a declining trend line. « Previous | Next » AUD/USD intraday: the upside prevails. Pivot: 1.022 Most Likely Scenario: Long positions above 1.022 with targets @ 1.0375 & 1.048 in extension. Alternative scenario: Below 1.022 look for further downside with 1.015 & 1.012 as targets. Comment: The pair is trading in an ascending channel. « Previous | Next » GOLD (Spot) intraday: further upside. Pivot: 1643.00 Most Likely Scenario: LONG positions above 1643 with 1676 & 1695 in sight. Alternative scenario: The downside penetration of 1643 will call for a slide towards 1627 & 1612. Comment: The RSI broke above a declining trend line. « Previous | Next » Crude Oil (Dec 11) intraday: the bias remains bullish. Pivot: 87.35 Most Likely Scenario: LONG positions above 87.35 with 89.75 & 90.45 in sight. Alternative scenario: The downside penetration of 87.35 will call for a slide towards 85.75 & 85.1. Comment: The RSI is mixed with a bullish bias. « 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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