تحلیل جفت ارزها - 17th Oct

PRE US OPEN, DAILY TECHNICAL ANALYSIS, 17 OCTOBER 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: SUPPORTED BY A RISING TREND LINE. Pivot: 1.38 Most Likely Scenario: Long positions above 1.38 with targets @ 1.39 & 1.394 in extension. Alternative scenario: Below 1.38 look for further downside with 1.375 & 1.3725 as targets. Comment: the pair has struck against its resistance and is pulling back on its rising trend line. NEXT » GBP/USD INTRADAY: TURNING DOWN. Pivot: 1.5825 Most Likely Scenario: Short positions below 1.5825 with targets @ 1.572 & 1.567 in extension. Alternative scenario: Above 1.5825 look for further upside with 1.5855 & 1.591 as targets. Comment: the pair is breaking below its MT rising trend line and should face further weakness. « PREVIOUS | NEXT » USD/JPY INTRADAY: THE UPSIDE PREVAILS. Pivot: 77 Most Likely Scenario: Long positions above 77 with targets @ 77.5 & 77.7 in extension. Alternative scenario: Below 77 look for further downside with 76.75 & 76.6 as targets. Comment: the pair has rebounded on its support and is challenging its resistance. « PREVIOUS | NEXT » AUD/USD INTRADAY: BULLISH BIAS ABOVE 1.02. Pivot: 1.02 Most Likely Scenario: Long positions above 1.02 with targets @ 1.039 & 1.053 in extension. Alternative scenario: Below 1.02 look for further downside with 1.01 & 1.002 as targets. Comment: the RSI is supported by a rising trend line. « PREVIOUS | NEXT » GOLD (SPOT) INTRADAY: FURTHER UPSIDE. Pivot: 1670.00 Most Likely Scenario: LONG positions above 1670 with 1715 & 1737 as next targets. Alternative scenario: The downside penetration of 1670 will call for a slide towards 1661 & 1654. Comment: the price remains in a bullish channel. « PREVIOUS | NEXT » CRUDE OIL (DEC 11) INTRADAY: THE BIAS REMAINS BULLISH. Pivot: 86.40 Most Likely Scenario: LONG positions above 86.4 with 88.85 & 89.85 as next targets. Alternative scenario: The downside breakout of 86.4 will open the way to 85.5 & 85. Comment: the break above 86.4 is a positive signal that has opened a path to 88.85.