Daily Technical Analysis - Pre US Open - 4th November 2011

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PRE US OPEN, Daily Technical Analysis, 04 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: bullish bias above 1.3715. Pivot: 1.3715 Most Likely Scenario: Long positions above 1.3715 with targets @ 1.386 & 1.3935 in extension. Alternative scenario: Below 1.3715 look for further downside with 1.365 & 1.3605 as targets. Comment: the pair is on the upside and is challenging its resistance. Next » GBP/USD intraday: rebound. Pivot: 1.592 Most Likely Scenario: Long positions above 1.592 with targets @ 1.606 & 1.609 in extension. Alternative scenario: Below 1.592 look for further downside with 1.587 & 1.582 as targets. Comment: the pair stands above its support and remains on the upside. « 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 is under pressure and is challenging its support. « Previous | Next » AUD/USD intraday: bullish bias above 1.026. Pivot: 1.026 Most Likely Scenario: Long positions above 1.026 with targets @ 1.05 & 1.056 in extension. Alternative scenario: Below 1.026 look for further downside with 1.02 & 1.0105 as targets. Comment: the pair has broken above a declining trend line. « Previous | Next » GOLD (Spot) intraday: the bias remains bullish. Pivot: 1738.00 Most Likely Scenario: LONG positions above 1738 with 1792 & 1813 as next targets. Alternative scenario: The downside penetration of 1738 will call for 1721 & 1706. Comment: the break above 1738 is a positive signal that has opened a path to 1792. « Previous | Next » Crude Oil (Dec 11) intraday: further advance. Pivot: 93.25 Most Likely Scenario: LONG positions above 93.25 with 95.1 & 95.65 as next targets. Alternative scenario: The downside penetration of 93.25 will call for a slide towards 91.8 & 90.9. Comment: the break above 93.25 is a positive signal that has opened a path to 95.1. « 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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