PRE US OPEN, DAILY TECHNICAL ANALYSIS, 09 SEPTEMBER 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: 1.3935
Most Likely Scenario: Short positions below 1.3935 with targets @ 1.375 & 1.3695 in extension.
Alternative scenario: Above 1.3935 look for further upside with 1.397 & 1.402 as targets.
Comment: The pair has broken below its support and remains on the downside as the RSI is badly directed.NEXT » GBP/USD INTRADAY: CAPPED BY A NEGATIVE TREND LINE. Pivot: 1.6025
Most Likely Scenario: Short positions below 1.6025 with targets @ 1.5915 & 1.5875 in extension.
Alternative scenario: Above 1.6025 look for further upside with 1.6075 & 1.614 as targets.
Comment: The pair has struck against its declining trend line and remains on the downside.« PREVIOUS | NEXT » USD/JPY INTRADAY: THE UPSIDE PREVAILS. Pivot: 77.3
Most Likely Scenario: Long positions above 77.3 with targets @ 77.7 & 77.85 in extension.
Alternative scenario: Below 77.3 look for further downside with 77.05 & 76.8 as targets.
Comment: The pair stands above its new support and remains on the upside.« PREVIOUS | NEXT » AUD/USD INTRADAY: UNDER PRESSURE. Pivot: 1.06
Most Likely Scenario: Short positions below 1.06 with targets @ 1.0525 & 1.048 in extension.
Alternative scenario: Above 1.06 look for further upside with 1.064 & 1.066 as targets.
Comment: The RSI calls for a new downleg.« PREVIOUS | NEXT » GOLD (SPOT) INTRADAY: KEY ST RESISTANCE AT 1886 Pivot: 1886.00
Most Likely Scenario: SHORT positions below 1886 with targets @ 1810 & 1795.
Alternative scenario: The upside breakout of 1886 will open the way to 1900 & 1920.
Comment: The immediate trend remains down and the momentum is strong.« PREVIOUS | NEXT » CRUDE OIL (OCT 11) INTRADAY: THE BIAS REMAINS BULLISH. Pivot: 87.70
Most Likely Scenario: LONG positions above 87.7 with 89.4 & 90.5 in sight.
Alternative scenario: The downside penetration of 87.7 will call for 86.6 & 85.5.
Comment: A bullish flag is taking place which advocates for further upside.
PRE US OPEN, DAILY TECHNICAL ANALYSIS, 08 SEPTEMBER 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: CAPPED BY A NEGATIVE TREND LINE. Pivot: 1.411
Most Likely Scenario: Short positions below 1.411 with targets @ 1.401 & 1.3975 in extension.
Alternative scenario: Above 1.411 look for further upside with 1.415 & 1.42 as targets.
Comment: The pair is capped by a declining trend line and is shaping a triangle pattern.NEXT » GBP/USD INTRADAY: CAPPED BY A NEGATIVE TREND LINE. Pivot: 1.6
Most Likely Scenario: Short positions below 1.6 with targets @ 1.5915 & 1.5875 in extension.
Alternative scenario: Above 1.6 look for further upside with 1.6055 & 1.61 as targets.
Comment: The pair remains capped by a declining trend line and is approaching its support.« PREVIOUS | NEXT » USD/JPY INTRADAY: UNDER PRESSURE. Pivot: 77.5
Most Likely Scenario: Short positions below 77.5 with targets @ 77.2 & 77.05 in extension.
Alternative scenario: Above 77.5 look for further upside with 77.7 & 77.85 as targets.
Comment: The pair stands below its new resistance.« PREVIOUS | NEXT » AUD/USD INTRADAY: UNDER PRESSURE. Pivot: 1.066
Most Likely Scenario: Short positions below 1.066 with targets @ 1.0575 & 1.0525 in extension.
Alternative scenario: Above 1.066 look for further upside with 1.0685 & 1.0725 as targets.
Comment: The upward potential is likely to be limited by the resistance at 1.066.« PREVIOUS | NEXT » GOLD (SPOT) INTRADAY: KEY ST RESISTANCE AT 1865 Pivot: 1865.00
Most Likely Scenario: SHORT positions below 1865 with 1800 & 1775 in sight.
Alternative scenario: The upside breakout of 1865 will open the way to 1920 & 1940.
Comment: The RSI is capped by a declining trend line.« PREVIOUS | NEXT » CRUDE OIL (OCT 11) INTRADAY: FURTHER UPSIDE. Pivot: 88.50
Most Likely Scenario: LONG positions above 88.5 with 90.5 & 91.45 in sight.
Alternative scenario: The downside penetration of 88.5 will call for a slide towards 87.7 & 86.6.
Comment: The rising 50MA maintains upward pressure.
PRE US OPEN, DAILY TECHNICAL ANALYSIS, 07 SEPTEMBER 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: KEY RESISTANCE AT 1.415. Pivot: 1.415
Most Likely Scenario: Short positions below 1.415 with targets @ 1.4025 & 1.3975 in extension.
Alternative scenario: Above 1.415 look for further upside with 1.42 & 1.425 as targets.
Comment: the pair has struck against its resistance and should face further weakness.NEXT » GBP/USD INTRADAY: UNDER PRESSURE. Pivot: 1.6055
Most Likely Scenario: Short positions below 1.6055 with targets @ 1.592 & 1.5875 in extension.
Alternative scenario: Above 1.6055 look for further upside with 1.61 & 1.615 as targets.
Comment: the pair is pulling back on its resistance ahead of a weakness.« PREVIOUS | NEXT » USD/JPY INTRADAY: UNDER PRESSURE. Pivot: 77.5
Most Likely Scenario: Short positions below 77.5 with targets @ 77.05 & 76.8 in extension.
Alternative scenario: Above 77.5 look for further upside with 77.7 & 77.85 as targets.
Comment: the pair is under pressure and is approaching its support.« PREVIOUS | NEXT » AUD/USD INTRADAY: CONTINUATION OF THE REBOUND. Pivot: 1.0535
Most Likely Scenario: Long positions above 1.0535 with targets @ 1.0635 & 1.066 in extension.
Alternative scenario: Below 1.0535 look for further downside with 1.0475 & 1.0415 as targets.
Comment: the RSI is supported by a rising trend line.« PREVIOUS | NEXT » GOLD (SPOT) INTRADAY: THE DOWNSIDE PREVAILS Pivot: 1870.00
Most Likely Scenario: SHORT positions below 1870 with 1810 & 1790 as next targets.
Alternative scenario: The upside breakout of 1870 will open the way to 1920 & 1940.
Comment: the 20 period moving average should maintain downward pressure.« PREVIOUS | NEXT » CRUDE OIL (OCT 11) INTRADAY: FURTHER UPSIDE. Pivot: 85.00
Most Likely Scenario: LONG positions above 85 with targets @ 87.7 & 88.6.
Alternative scenario: The downside penetration of 85 will call for a slide towards 83.5 & 82.
Comment: the RSI is supported by a rising trend line.