 |
| PRE EUROPEAN OPEN, DAILY TECHNICAL ANALYSIS, 28 NOVEMBER 2011 |
|
|
| 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: REBOUND EXPECTED. |
Pivot: 1.3245.
Most Likely Scenario: LONG positions @ 1.326 with targets @ 1.335 & 1.341.
Alternative scenario: The downside breakout of 1.3245 will open the way to 1.3205 & 1.3165.
Comment: The pair remains on the downside, and the RSI is capped by a bearish trend line.
Trend: ST Consolidation; MT Bearish
|
|
| GBP/USD INTRADAY: KEY ST RESISTANCE AT 1.553 |
Pivot: 1.5530.
Most Likely Scenario: SHORT positions below 1.553 with targets @ 1.5435 & 1.54.
Alternative scenario: The upside penetration of 1.553 will call for a rebound towards 1.5565 & 1.56.
Comment: The RSI lacks upward momentum.
|
|
| USD/JPY INTRADAY: THE UPSIDE PREVAILS. |
Pivot: 77.30.
Most Likely Scenario: LONG positions above 77.3 with 77.85 & 78.1 in sight.
Alternative scenario: The downside penetration of 77.3 will call for a slide towards 77.2 & 77.
Comment: The RSI lacks downward momentum.
|
|
| AUD/USD INTRADAY: BULLISH BIAS ABOVE 0.9715. |
Pivot: 0.9715
Most Likely Scenario: Long positions above 0.9715 with targets @ 0.989 & 0.994 in extension.
Alternative scenario: Below 0.9715 look for further downside with 0.9655 & 0.9595 as targets.
Comment: The RSI lacks downward momentum.
|
|
| GOLD (SPOT) INTRADAY: REBOUND IN SIGHT. |
Pivot: 1690.00
Most Likely Scenario: LONG positions above 1690 with 1710 & 1720 in sight.
Alternative scenario: The downside penetration of 1690 will call for 1671 & 1666.
Comment: The RSI is bullish and calls for further upside.
|
|
| CRUDE OIL (JAN 12) INTRADAY: FURTHER UPSIDE. |
Pivot: 97.00
Most Likely Scenario: LONG positions above 97 with 99.55 & 100.25 in sight.
Alternative scenario: The downside penetration of 97 will call for 95 & 94.1.
Comment: The RSI is mixed with a bullish bias.
|
|
|
|
0 comments:
Post a Comment