Daily Technical Analysis - Pre US Open - 20th October 2011

If you cannot read this newsletter, please click here

PRE US OPEN, Daily Technical analysis, 20 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: rebound. Pivot: 1.37 Most Likely Scenario: Long positions above 1.37 with targets @ 1.3855 & 1.3915 in extension. Alternative scenario: Below 1.37 look for further downside with 1.3655 & 1.358 as targets. Comment: The pair has rebounded on its support and has validated a falling wedge. Next » GBP/USD intraday: further advance. Pivot: 1.57 Most Likely Scenario: Long positions above 1.57 with targets @ 1.582 & 1.585 in extension. Alternative scenario: Below 1.57 look for further downside with 1.563 & 1.5585 as targets. Comment: The pair has broken above its channel upper boundary 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 has struck against its resistance and remains under pressure, the RSI is capped by a ST declining trend line. « Previous | Next » AUD/USD intraday: continuation of the rebound. Pivot: 1.02 Most Likely Scenario: Long positions above 1.02 with targets @ 1.035 & 1.0375 in extension. Alternative scenario: Below 1.02 look for further downside with 1.012 & 1.002 as targets. Comment: The RSI calls for a rebound. « Previous | Next » GOLD (Spot) intraday: up turn. Pivot: 1615.00 Most Likely Scenario: LONG positions above 1615 with 1640 & 1645 in sight. Alternative scenario: The downside penetration of 1615 will call for 1600 & 1595. Comment: The RSI has just broken above a declining trend line. « Previous | Next » Crude Oil (Dec 11) intraday: rebound expected. Pivot: 85.40 Most Likely Scenario: LONG positions above 85.4 with 87.3 & 88.15 as next targets. Alternative scenario: The downside penetration of 85.4 will call for 84 & 83.45. Comment: The RSI has just broken above a declining trend line. « 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

Legal: FxPro Financial Services Ltd is authorised and regulated by CySEC (licence no. 078/07) Email: info@FxPro.com Web: www.FxPro.com Address: Karyatidon 1, Ypsonas 4180, Cyprus 24/5 International Customer Support Tel: +357 25 969 222 Fax: +357 25 969 233 Risk Warning: CFDs, which are leveraged products, incur a high level of risk and can result in the loss of all your invested capital. Therefore, CFDs may not be suitable for all investors. You should not risk more than you are prepared to lose. Before deciding to trade, please ensure you understand the risks involved and take into account your level of experience. Seek independent advice if necessary. To update your mailing preferences or to unsubscribe from future messages please follow the below instructions: - For current registered FxPro Trading Account users, login to FxPro Direct and choose subscriptions to view all mailing options. - If you do not have an FxPro Trading Account, please Click Here to unsubscribe.