Daily Technical Analysis Pre EU 1st November 2011

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PRE EUROPEAN OPEN, Daily Technical analysis, 01 November 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: under pressure. Pivot: 1.3950. Most Likely Scenario: SHORT positions below 1.395 with 1.3785 & 1.372 as next targets. Alternative scenario: The upside breakout of 1.395 will open the way to 1.405 & 1.4135. Comment: The pair is under pressure and is approaching its support. Trend: ST Consolidation; MT Bearish Next » GBP/USD intraday: under pressure. Pivot: 1.6100. Most Likely Scenario: SHORT positions below 1.61 with 1.5975 & 1.595 in sight. Alternative scenario: The upside penetration of 1.61 will call for 1.615 & 1.6195. Comment: The pair stands below its new resistance and remains under pressure. « Previous | Next » USD/JPY intraday: under pressure. Pivot: 79.00. Most Likely Scenario: SHORT positions below 79 with targets @ 77.2 & 76.5. Alternative scenario: The upside penetration of 79 will call for a rebound towards 79.5 & 80.1. Comment: The pair stands below its resistance and should face a weakness. « Previous | Next » AUD/USD intraday: the downside prevails. Pivot: 1.056 Most Likely Scenario: Short positions below 1.056 with targets @ 1.0326 & 1.0275 in extension. Alternative scenario: Above 1.056 look for further upside with 1.0615 & 1.065 as targets. Comment: The RSI is capped by a declining trend line. « Previous | Next » GOLD (Spot) intraday: the downside prevails. Pivot: 1728.00 Most Likely Scenario: SHORT positions below 1728 with 1695 & 1678 as next targets. Alternative scenario: The upside breakout of 1728 will open the way to 1752 & 1765. Comment: The RSI is capped by a bearish trend line. « Previous | Next » Crude Oil (Dec 11) intraday: the downside prevails. Pivot: 93.95 Most Likely Scenario: SHORT positions below 93.95 with targets @ 91.35 & 90.75. Alternative scenario: The upside breakout of 93.95 will open the way to 94.65 & 95.7. Comment: The RSI is capped by a bearish 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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