Daily Technical Analysis - Pre US Open - 1st November 2011

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PRE US 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: the downside prevails. Pivot: 1.3825 Most Likely Scenario: Short positions below 1.3825 with targets @ 1.366 & 1.36 in extension. Alternative scenario: Above 1.3825 look for further upside with 1.395 & 1.405 as targets. Comment: The pair has broken below its support and remains on the downside. Next » GBP/USD intraday: under pressure. Pivot: 1.607 Most Likely Scenario: Short positions below 1.607 with targets @ 1.589 & 1.582 in extension. Alternative scenario: Above 1.607 look for further upside with 1.615 & 1.6195 as targets. Comment: The pair has broken below its previous low and remains under pressure. « Previous | Next » USD/JPY intraday: consolidation. Pivot: 79 Most Likely Scenario: Short positions below 79 with targets @ 77.2 & 76.5 in extension. Alternative scenario: Above 79 look for further upside with 79.6 & 80.1 as targets. Comment: The pair stands below its resistance and remains under pressure. « Previous | Next » AUD/USD intraday: the downside prevails. Pivot: 1.049 Most Likely Scenario: Short positions below 1.049 with targets @ 1.0275 & 1.02 in extension. Alternative scenario: Above 1.049 look for further upside with 1.056 & 1.061 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: 92.80 Most Likely Scenario: SHORT positions below 92.8 with 90.75 & 90 in sight. Alternative scenario: The upside penetration of 92.8 will call for a rebound towards 93.85 & 94.65. 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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