Daily Technical Analysis - Pre US Open - 27th October 2011

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PRE US OPEN, Daily Technical analysis, 27 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: 1.3875 Most Likely Scenario: Long positions above 1.3875 with targets @ 1.402 & 1.4055 in extension. Alternative scenario: Below 1.3875 look for further downside with 1.381 & 1.375 as targets. Comment: The pair stands above its new support and remains on the upside. Next » GBP/USD intraday: caution. Pivot: 1.605 Most Likely Scenario: Short positions below 1.605 with targets @ 1.5955 & 1.59 in extension. Alternative scenario: Above 1.605 look for further upside with 1.609 & 1.612 as targets. Comment: The pair stands below its resistance and remains under pressure. « Previous | Next » USD/JPY intraday: the downside prevails. Pivot: 76.1 Most Likely Scenario: Short positions below 76.1 with targets @ 75.7 & 75.4 in extension. Alternative scenario: Above 76.1 look for further upside with 76.3 & 76.5 as targets. Comment: The pair remains under pressure and is challenging its support. « Previous | Next » AUD/USD intraday: further advance. Pivot: 1.05 Most Likely Scenario: Long positions above 1.05 with targets @ 1.0625 & 1.065 in extension. Alternative scenario: Below 1.05 look for further downside with 1.042 & 1.0325 as targets. Comment: The RSI calls for a new upleg. « Previous | Next » GOLD (Spot) intraday: bullish bias above 1700 Pivot: 1700.00 Most Likely Scenario: LONG positions above 1700 with 1730 & 1750 in sight. Alternative scenario: The downside penetration of 1700 will call for a slide towards 1680 & 1665. Comment: A support base at 1700 has formed and has allowed for a temporary stabilisation. « Previous | Next » Crude Oil (Dec 11) intraday: up turn. Pivot: 90.20 Most Likely Scenario: LONG positions above 90.2 with 93.75 & 94.65 in sight. Alternative scenario: The downside breakout of 90.2 will open the way to 89.4 & 88.2. Comment: The RSI broke 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

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