Daily Technical Analysis - Pre US Open - 28th October 2011

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PRE US OPEN, Daily Technical analysis, 28 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: 1.411 Most Likely Scenario: Long positions above 1.411 with targets @ 1.426 & 1.4325 in extension. Alternative scenario: Below 1.411 look for further downside with 1.403 & 1.3975 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Next » GBP/USD intraday: intraday support around 1.6025. Pivot: 1.6025 Most Likely Scenario: Long positions above 1.6025 with targets @ 1.613 & 1.6205 in extension. Alternative scenario: Below 1.6025 look for further downside with 1.5985 & 1.595 as targets. Comment: The pair stands above its new support and remains on the upside. « Previous | Next » USD/JPY intraday: under pressure. Pivot: 76.05 Most Likely Scenario: Short positions below 76.05 with targets @ 75.7 & 75.4 in extension. Alternative scenario: Above 76.05 look for further upside with 76.3 & 76.5 as targets. Comment: The pair remains under pressure. « Previous | Next » AUD/USD intraday: intraday support around 1.06. Pivot: 1.06 Most Likely Scenario: Long positions above 1.06 with targets @ 1.0756 & 1.0815 in extension. Alternative scenario: Below 1.06 look for further downside with 1.054 & 1.05 as targets. Comment: The RSI lacks downward momentum. « Previous | Next » GOLD (Spot) intraday: further advance. Pivot: 1728.00 Most Likely Scenario: LONG positions above 1728 with 1752 & 1765 in sight. Alternative scenario: The downside penetration of 1728 will call for 1705 & 1695. Comment: The immediate trend remains up and the momentum is strong. « Previous | Next » Crude Oil (Dec 11) intraday: aim @ 95.7 Pivot: 92.00 Most Likely Scenario: LONG positions above 92 with targets @ 94.65 & 95.7. Alternative scenario: The downside penetration of 92 will call for 90.65 & 90. Comment: The break above 92 is a positive signal that has opened a path to 94.65. « 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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