Daily Technical Analysis - Pre US Open - 21st October 2011

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PRE US OPEN, Daily Technical analysis, 21 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: 1.37 Most Likely Scenario: Long positions above 1.37 with targets @ 1.3835 & 1.3885 in extension. Alternative scenario: Below 1.37 look for further downside with 1.365 & 1.358 as targets. Comment: The pair is posting a rebound on its support as the RSI is turning up. Next » GBP/USD intraday: the upside prevails. Pivot: 1.5730 Most Likely Scenario: Long positions above 1.5730 with targets @ 1.5850 & 1.59 in extension. Alternative scenario: Below 1.5730 look for further downside with 1.5680 & 1.5630 as targets. Comment: The pair stands above support, the RSI is turning up. « Previous | Next » USD/JPY intraday: consolidation. Pivot: 76.95 Most Likely Scenario: Short positions below 76.95 with targets @ 76.6 & 76.4 in extension. Alternative scenario: Above 76.95 look for further upside with 77.1 & 77.2 as targets. Comment: The pair is under pressure and is challenging its support. « Previous | Next » AUD/USD intraday: key ST resistance at 1.03. Pivot: 1.03 Most Likely Scenario: Short positions below 1.03 with targets @ 1.012 & 1.002 in extension. Alternative scenario: Above 1.03 look for further upside with 1.0345 & 1.0375 as targets. Comment: The RSI is capped by a bearish trend line. « Previous | Next » GOLD (Spot) intraday: rebound. Pivot: 1605.00 Most Likely Scenario: LONG positions above 1605 with 1635 & 1642.5 in sight. Alternative scenario: The downside penetration of 1605 will call for 1595 & 1583. Comment: The RSI broke above a bearish trend line. « Previous | Next » Crude Oil (Dec 11) intraday: up turn. Pivot: 85.25 Most Likely Scenario: LONG positions above 85.25 with 87.1 & 87.9 as next targets. Alternative scenario: The downside breakout of 85.25 will open the way to 84.2 & 83.55. Comment: The RSI calls for a rebound. « 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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