Daily Technical Analysis - Pre US Open - 25th October 2011

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PRE US OPEN, Daily Technical analysis, 25 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: supported by a rising trend line. Pivot: 1.383 Most Likely Scenario: Long positions above 1.383 with targets @ 1.3955 & 1.3985 in extension. Alternative scenario: Below 1.383 look for further downside with 1.375 & 1.37 as targets. Comment: The pair is rebounding on its bullish channel lower boundary as the RSI is turning up. Next » GBP/USD intraday: the upside prevails. Pivot: 1.594 Most Likely Scenario: Long positions above 1.594 with targets @ 1.605 & 1.609 in extension. Alternative scenario: Below 1.594 look for further downside with 1.59 & 1.585 as targets. Comment: The pair stands above its support and remains within a bullish channel. « Previous | Next » USD/JPY intraday: under pressure. Pivot: 76.3 Most Likely Scenario: Short positions below 76.3 with targets @ 76 & 75.8 in extension. Alternative scenario: Above 76.3 look for further upside with 76.5 & 76.6 as targets. Comment: The pair stands below its resistance and remains under pressure. « Previous | Next » AUD/USD intraday: further upside. Pivot: 1.037 Most Likely Scenario: Long positions above 1.037 with targets @ 1.05 & 1.0575 in extension. Alternative scenario: Below 1.037 look for further downside with 1.0305 & 1.026 as targets. Comment: The next resistances are at 1.05 and then at 1.0575. « Previous | Next » GOLD (Spot) intraday: the bias remains bullish. Pivot: 1644.00 Most Likely Scenario: LONG positions above 1644 with targets @ 1665 & 1675. Alternative scenario: The downside penetration of 1644 will call for 1633 & 1625. Comment: The RSI is supported by a bullish trend line. « Previous | Next » Crude Oil (Dec 11) intraday: towards 95.3 Pivot: 90.60 Most Likely Scenario: LONG positions above 90.6 with targets @ 93.6 & 95.3. Alternative scenario: The downside penetration of 90.6 will call for 89.6 & 88.55. Comment: The RSI is supported by a bullish 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

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