If you cannot read this newsletter, please click here PRE US OPEN, DAILY TECHNICAL ANALYSIS, 02 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: 1.43
Most Likely Scenario: Short positions below 1.43 with targets @ 1.421 & 1.4185 in extension.
Alternative scenario: Above 1.43 look for further upside with 1.435 & 1.4385 as targets.
Comment: the pair remains on the downside and is challenging its previous low.NEXT » GBP/USD INTRADAY: UNDER PRESSURE. Pivot: 1.6225
Most Likely Scenario: Short positions below 1.6225 with targets @ 1.616 & 1.613 in extension.
Alternative scenario: Above 1.6225 look for further upside with 1.6255 & 1.6295 as targets.
Comment: the pair and its intraday RSI remain capped by declining trend lines.« PREVIOUS | NEXT » USD/JPY INTRADAY: UNDER PRESSURE. Pivot: 77
Most Likely Scenario: Short positions below 77 with targets @ 76.75 & 76.6 in extension.
Alternative scenario: Above 77 look for further upside with 77.2 & 77.35 as targets.
Comment: the pair is under pressure and is approaching its support, the RSI is mixed to bearish.« PREVIOUS | NEXT » AUD/USD INTRADAY: BULLISH BIAS ABOVE 1.0675. Pivot: 1.0675
Most Likely Scenario: Long positions above 1.0675 with targets @ 1.0765 & 1.0785 in extension.
Alternative scenario: Below 1.0675 look for further downside with 1.065 & 1.061 as targets.
Comment: the RSI has just landed on a support around 30% and is reversing up.« PREVIOUS | NEXT » GOLD (SPOT) INTRADAY: BULLISH BIAS ABOVE 1828 Pivot: 1828.00
Most Likely Scenario: LONG positions above 1828 with targets @ 1871 & 1888.
Alternative scenario: The downside breakout of 1828 will open the way to 1800 & 1770.
Comment: the immediate trend remains up and the momentum is strong.« PREVIOUS | NEXT » CRUDE OIL (OCT 11) INTRADAY: REBOUND IN SIGHT. Pivot: 87.65
Most Likely Scenario: LONG positions above 87.65 with targets @ 89 & 89.9.
Alternative scenario: The downside breakout of 87.65 will open the way to 86.5 & 85.
Comment: the RSI is negative but supported by a strong support.
PRE EUROPEAN OPEN, DAILY TECHNICAL ANALYSIS, 02 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: 1.4300.
Most Likely Scenario: SHORT positions @ 1.429 with targets @ 1.425 & 1.422.
Alternative scenario: The upside breakout of 1.43 will open the way to 1.435 & 1.4385.
Comment: The pair RSI is capped by a declining trend line, the pair remains under pressure and should face further weakness.
Trend: ST Ltd Upside; MT RangeNEXT » GBP/USD INTRADAY: UNDER PRESSURE. Pivot: 1.6225.
Most Likely Scenario: SHORT positions @ 1.6215 with 1.616 & 1.613 in sight.
Alternative scenario: The upside breakout of 1.6225 will open the way to 1.6255 & 1.6295.
Comment: The pair and its intraday RSI remain capped by declining trend lines.« PREVIOUS | NEXT » USD/JPY INTRADAY: UNDER PRESSURE. Pivot: 77.00.
Most Likely Scenario: SHORT positions @ 76.95 with 76.75 & 76.6 in sight.
Alternative scenario: The upside breakout of 77 will open the way to 77.2 & 77.35.
Comment: The pair has struck against its resistance and remains under pressure.« PREVIOUS | NEXT » AUD/USD INTRADAY: BULLISH BIAS ABOVE 1.0675. Pivot: 1.0675
Most Likely Scenario: Long positions above 1.0675 with targets @ 1.0765 & 1.0785 in extension.
Alternative scenario: Below 1.0675 look for further downside with 1.065 & 1.061 as targets.
Comment: The RSI has just landed on a support around 30% and is reversing up.« PREVIOUS | NEXT » GOLD (SPOT) INTRADAY: BULLISH BIAS ABOVE 1810 Pivot: 1810.00
Most Likely Scenario: LONG positions above 1810 with targets @ 1840 & 1855.
Alternative scenario: The downside breakout of 1810 will open the way to 1770 & 1745.
Comment: Intraday support around 1810« PREVIOUS | NEXT » CRUDE OIL (OCT 11) INTRADAY: FURTHER UPSIDE. Pivot: 87.65
Most Likely Scenario: LONG positions above 87.65 with 89.9 & 90.8 in sight.
Alternative scenario: The downside penetration of 87.65 will call for 86.5 & 85.
Comment: Intraday support around 87.65
PRE US OPEN, DAILY TECHNICAL ANALYSIS, 01 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: 1.435
Most Likely Scenario: Short positions below 1.435 with targets @ 1.425 & 1.422 in extension.
Alternative scenario: Above 1.435 look for further upside with 1.4385 & 1.442 as targets.
Comment: The RSI is capped by a MT declining trend line, the pair remains under pressure and is approaching its previous low.NEXT » GBP/USD INTRADAY: CAPPED BY A NEGATIVE TREND LINE. Pivot: 1.6255
Most Likely Scenario: Short positions below 1.6255 with targets @ 1.618 & 1.6135 in extension.
Alternative scenario: Above 1.6255 look for further upside with 1.6295 & 1.633 as targets.
Comment: The pair and its intraday RSI are both capped by declining trend lines.« PREVIOUS | NEXT » USD/JPY INTRADAY: REBOUND. Pivot: 76.75
Most Likely Scenario: Long positions above 76.75 with targets @ 77.2 & 77.35 in extension.
Alternative scenario: Below 76.75 look for further downside with 76.6 & 76.45 as targets.
Comment: The pair is rebounding as the RSI is well directed.« PREVIOUS | NEXT » AUD/USD INTRADAY: BULLISH BIAS ABOVE 1.066. Pivot: 1.066
Most Likely Scenario: Long positions above 1.066 with targets @ 1.075 & 1.0785 in extension.
Alternative scenario: Below 1.066 look for further downside with 1.061 & 1.0545 as targets.
Comment: A support base at 1.066 has formed and has allowed for a temporary stabilisation.« PREVIOUS | NEXT » GOLD (SPOT) INTRADAY: FURTHER UPSIDE. Pivot: 1810.00
Most Likely Scenario: LONG positions above 1810 with targets @ 1840 & 1855.
Alternative scenario: The downside penetration of 1810 will call for a slide towards 1770 & 1745.
Comment: Intraday support around 1810« PREVIOUS | NEXT » CRUDE OIL (OCT 11) INTRADAY: BULLISH BIAS ABOVE 87.65 Pivot: 87.65
Most Likely Scenario: LONG positions above 87.65 with 89.5 & 90.2 in sight.
Alternative scenario: The downside breakout of 87.65 will open the way to 86.5 & 85.
Comment: Intraday support around 87.65