Daily Technical Analysis Pre EU 3rd November 2011

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PRE EUROPEAN OPEN, Daily Technical analysis, 03 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: 1.3825. Most Likely Scenario: SHORT positions below 1.3825 with 1.3605 & 1.3565 as next targets. Alternative scenario: The upside penetration of 1.3825 will call for a rebound towards 1.386 & 1.3935. Comment: The pair has struck against its resistance and remains on the downside. Trend: ST Consolidation; MT Bearish Next » GBP/USD intraday: under pressure. Pivot: 1.5975. Most Likely Scenario: SHORT positions below 1.5975 with targets @ 1.587 & 1.582. Alternative scenario: The upside breakout of 1.5975 will open the way to 1.6035 & 1.609. Comment: The pair remains on the downside and is approaching its support. « 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 79.6 & 80.1. Comment: The pair stands below its resistance and should face a weakness. « Previous | Next » AUD/USD intraday: capped by a negative trend line. Pivot: 1.035 Most Likely Scenario: Short positions below 1.035 with targets @ 1.02 & 1.0105 in extension. Alternative scenario: Above 1.035 look for further upside with 1.0435 & 1.05 as targets. Comment: The RSI is bearish and calls for further decline. « Previous | Next » GOLD (Spot) intraday: further upside. Pivot: 1720.00 Most Likely Scenario: LONG positions above 1720 with 1752 & 1792 in sight. Alternative scenario: The downside breakout of 1720 will open the way to 1706 & 1692. Comment: The immediate trend remains up and the momentum is strong. « Previous | Next » Crude Oil (Dec 11) intraday: the downside prevails. Pivot: 92.10 Most Likely Scenario: SHORT positions below 92.1 with targets @ 90.75 & 89.45. Alternative scenario: The upside breakout of 92.1 will open the way to 93.75 & 94.25. Comment: The RSI has failed to break above its bearish trendline. « 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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