Daily Technical Levels 28/08/2012 #2

Daily Technical Levels
Tuesday, August 28, 2012

EUR/USD  |   GBP/USD  |   USD/CHF  |   USD/JPY  |   AUD/USD  |   GOLD  |   SILVER  |   CRUDE OIL

 EUR/USD intraday: the upside prevails.

Pivot: 1.2505
Our preference: Long positions above 1.2505 with targets @ 1.2555 & 1.257 in extension.
Alternative scenario: Below 1.2505 look for further downside with 1.249 & 1.2465 as targets.
Comment: the pair has broken above a declining trend line and should post further advance.

Next 

 GBP/USD intraday: caution.

Pivot: 1.58
Our preference: Short positions below 1.58 with targets @ 1.575 & 1.5715 in extension.
Alternative scenario: Above 1.58 look for further upside with 1.583 & 1.585 as targets.
Comment: the pair is rebounding and is challenging its resistance.

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 USD/CHF intraday: under pressure.

Pivot: 0.96
Our preference: Short positions below 0.96 with targets @ 0.955 & 0.953 in extension.
Alternative scenario: Above 0.96 look for further upside with 0.963 & 0.9655 as targets.
Comment: the pair has broken below a rising trend line and remains under pressure.

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 USD/JPY intraday: rebound.

Pivot: 78.4
Our preference: Long positions above 78.4 with targets @ 78.7 & 78.9 in extension.
Alternative scenario: Below 78.4 look for further downside with 78.25 & 78.1 as targets.
Comment: the pair is rebounding and is approaching its resistance.

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 AUD/USD intraday: rebound.

Pivot: 1.034
Our preference: Long positions above 1.034 with targets @ 1.04 & 1.0425 in extension.
Alternative scenario: Below 1.034 look for further downside with 1.032 & 1.03 as targets.
Comment: the RSI is well directed.

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 GOLD (Spot) intraday: rebound expected.

Pivot: 1657.00
Our Preference: LONG positions above 1657 with 1666 & 1673 in sight.
Alternative scenario: The downside penetration of 1657 will call for a slide towards 1652 & 1646.
Comment: intraday support around 1657

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 SILVER (Spot) intraday: up turn.

Pivot: 30.51
Our Preference: LONG positions above 30.51 with targets @ 31 & 31.2.
Alternative scenario: The downside breakout of 30.51 will open the way to 30.15 & 29.9.
Comment: the RSI calls for a bounce.

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 Crude Oil (Oct 12) intraday: rebound expected.

Pivot: 95.15
Our Preference: LONG positions above 95.15 with targets @ 96.85 & 97.7.
Alternative scenario: The downside penetration of 95.15 will call for a slide towards 94.4 & 93.
Comment: the 20 MA is crossing above the 50 MA.

 Previous


Copyright 2012 - TRADING CENTRAL
The information contained in this publication is 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. Users acknowledge and agree to the fact that, by its very nature, any investment in shares, stock options and similar and assimilated products is characterised by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable.

This message is intended for recipient only and not for further distribution without the consent of TRADING Central. Although TRADING Central attempts to sweep e-mail and attachments for viruses, it does not guarantee that either are virus-free and accepts no liability for any damage sustained as a result of viruses.

Access to Trading Central is provided for educational and informational purposes only. Gain Capital is not affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Trading Central, and Trading Central, its products and services, are not registered or regulated as a broker-dealer and accordingly are not subject to certain restrictions or review of their activities. No information accessed through Trading Central or any link contained therein has been approved or endorsed by Gain Capital and does not constitute a recommendation by Gain Capital to buy or sell a particular investment. Gain Capital is not responsible for any Trading Central content or any link contained therein. You are solely responsible for your investment decisions, and you should carefully evaluate Trading Central to determine whether they are right for you. Not all Trading Central products or services are appropriate for all investors. Gain Capital makes no investment recommendations and does not provide financial, tax or legal advice. Please consult your tax consultant prior to making any investment that may impact your tax situation.             
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Daily Technical Levels 28/08/2012 #1

Daily Technical Levels
Tuesday, August 28, 2012

EUR/USD  |   GBP/USD  |   USD/CHF  |   USD/JPY  |   AUD/USD  |   GOLD  |   SILVER  |   CRUDE OIL

 EUR/USD intraday: under pressure.

Pivot: 1.2505.
Our Preference: SHORT positions @ 1.2495 with targets @ 1.245 & 1.2425.
Alternative scenario: The upside penetration of 1.2505 will call for a rebound towards 1.2535 & 1.255.
Comment: the pair is rebounding but stands below its new resistance.

Next 

 GBP/USD intraday: under pressure.

Pivot: 1.5800.
Our Preference: SHORT positions @ 1.579 with 1.574 & 1.5715 as next targets.
Alternative scenario: The upside penetration of 1.58 will call for a rebound towards 1.583 & 1.585.
Comment: the pair remains within a bearish channel.

 Previous |  Next 

 USD/CHF intraday: caution.

Pivot: 0.96.
Our Preference: LONG positions above 0.96 with targets @ 0.9655 & 0.9685.
Alternative scenario: The downside penetration of 0.96 will call for a slide towards 0.956 & 0.953.
Comment: the pair is pulling back on its new support.

 Previous |  Next 

 USD/JPY intraday: the upside prevails.

Pivot: 78.40.
Our Preference: LONG positions above 78.4 with 78.7 & 78.9 as next targets.
Alternative scenario: The downside penetration of 78.4 will call for 78.25 & 78.1.
Comment: the pair is pulling back on its support, caution.

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 AUD/USD intraday: capped by a negative trend line.

Pivot: 1.038
Our preference: Short positions below 1.038 with targets @ 1.032 & 1.03 in extension.
Alternative scenario: Above 1.038 look for further upside with 1.04 & 1.0425 as targets.
Comment: as long as 1.038 is resistance, look for choppy price action with a bearish bias.

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 GOLD (Spot) intraday: the downside prevails.

Pivot: 1667.00
Our Preference: SHORT positions below 1667 with 1652 & 1646 in sight.
Alternative scenario: The upside penetration of 1667 will call for a rebound towards 1673 & 1679.
Comment: the RSI is bearish and calls for further downside.

 Previous |  Next 

 SILVER (Spot) intraday: the downside prevails.

Pivot: 30.81
Our Preference: SHORT positions below 30.81 with 30.15 & 29.9 in sight.
Alternative scenario: The upside penetration of 30.81 will call for a rebound towards 31.2 & 31.4.
Comment: the RSI is below its neutrality area at 50%

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 Crude Oil (Oct 12) intraday: key ST resistance at 96.1

Pivot: 96.10
Our Preference: SHORT positions below 96.1 with 94.4 & 93 as next targets.
Alternative scenario: The upside breakout of 96.1 will open the way to 96.85 & 97.7.
Comment: as long as the resistance at 96.1 is not surpassed, the risk of the break below 94.4 remains high.

 Previous


Copyright 2012 - TRADING CENTRAL
The information contained in this publication is 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. Users acknowledge and agree to the fact that, by its very nature, any investment in shares, stock options and similar and assimilated products is characterised by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable.

This message is intended for recipient only and not for further distribution without the consent of TRADING Central. Although TRADING Central attempts to sweep e-mail and attachments for viruses, it does not guarantee that either are virus-free and accepts no liability for any damage sustained as a result of viruses.

Access to Trading Central is provided for educational and informational purposes only. Gain Capital is not affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Trading Central, and Trading Central, its products and services, are not registered or regulated as a broker-dealer and accordingly are not subject to certain restrictions or review of their activities. No information accessed through Trading Central or any link contained therein has been approved or endorsed by Gain Capital and does not constitute a recommendation by Gain Capital to buy or sell a particular investment. Gain Capital is not responsible for any Trading Central content or any link contained therein. You are solely responsible for your investment decisions, and you should carefully evaluate Trading Central to determine whether they are right for you. Not all Trading Central products or services are appropriate for all investors. Gain Capital makes no investment recommendations and does not provide financial, tax or legal advice. Please consult your tax consultant prior to making any investment that may impact your tax situation.             

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Daily Technical Levels 27/08/2012

Daily Technical Levels
Monday, August 27, 2012

EUR/USD  |   GBP/USD  |   USD/CHF  |   USD/JPY  |   AUD/USD  |   GOLD  |   SILVER  |   CRUDE OIL

 EUR/USD intraday: the upside prevails.

Pivot: 1.2485.
Our Preference: LONG positions above 1.2485 with 1.255 & 1.2585 as next targets.
Alternative scenario: The downside breakout of 1.2485 will open the way to 1.2425 & 1.2385.
Comment: the pair stands above its support and remains on the upside.

Next 

 GBP/USD intraday: under pressure.

Pivot: 1.5850.
Our Preference: SHORT positions below 1.585 with 1.579 & 1.5765 in sight.
Alternative scenario: The upside penetration of 1.585 will call for a rebound towards 1.588 & 1.592.
Comment: the pair remains within a bearish channel.

 Previous |  Next 

 USD/CHF intraday: caution.

Pivot: 0.96.
Our Preference: SHORT positions below 0.961 with targets @ 0.956 & 0.953.
Alternative scenario: The upside breakout of 0.961 will open the way to 0.9655 & 0.9685.
Comment: the pair is approaching its resistance, caution.

 Previous |  Next 

 USD/JPY intraday: the upside prevails.

Pivot: 78.40.
Our Preference: LONG positions above 78.4 with 78.9 & 79.05 as next targets.
Alternative scenario: The downside penetration of 78.4 will call for 78.25 & 78.1.
Comment: the pair is rebounding and is approaching its resistance.

 Previous |  Next 

 AUD/USD intraday: under pressure.

Pivot: 1.044
Our preference: Short positions below 1.044 with targets @ 1.0375 & 1.0345 in extension.
Alternative scenario: Above 1.044 look for further upside with 1.0485 & 1.052 as targets.
Comment: as long as the resistance at 1.044 is not surpassed, the risk of the break below 1.0375 remains high.

 Previous |  Next 

 GOLD (Spot) intraday: the bias remains bullish.

Pivot: 1662.00
Our Preference: LONG positions above 1662 with 1679 & 1685 as next targets.
Alternative scenario: The downside breakout of 1662 will open the way to 1656 & 1646.
Comment: the immediate trend remains up and the momentum is strong.

 Previous |  Next 

 SILVER (Spot) intraday: the bias remains bullish.

Pivot: 30.60
Our Preference: LONG positions above 30.6 with 31.4 & 32 as next targets.
Alternative scenario: The downside penetration of 30.6 will call for a slide towards 30.15 & 29.6.
Comment: the RSI is bullish and calls for further upside.

 Previous |  Next 

 Crude Oil (Oct 12) intraday: rebound.

Pivot: 96.10
Our Preference: LONG positions above 96.1 with 98.25 & 98.6 in sight.
Alternative scenario: The downside breakout of 96.1 will open the way to 95.3 & 94.95.
Comment: the RSI is mixed with a bullish bias.

 Previous


Copyright 2012 - TRADING CENTRAL
The information contained in this publication is 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. Users acknowledge and agree to the fact that, by its very nature, any investment in shares, stock options and similar and assimilated products is characterised by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable.

This message is intended for recipient only and not for further distribution without the consent of TRADING Central. Although TRADING Central attempts to sweep e-mail and attachments for viruses, it does not guarantee that either are virus-free and accepts no liability for any damage sustained as a result of viruses.

Access to Trading Central is provided for educational and informational purposes only. Gain Capital is not affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Trading Central, and Trading Central, its products and services, are not registered or regulated as a broker-dealer and accordingly are not subject to certain restrictions or review of their activities. No information accessed through Trading Central or any link contained therein has been approved or endorsed by Gain Capital and does not constitute a recommendation by Gain Capital to buy or sell a particular investment. Gain Capital is not responsible for any Trading Central content or any link contained therein. You are solely responsible for your investment decisions, and you should carefully evaluate Trading Central to determine whether they are right for you. Not all Trading Central products or services are appropriate for all investors. Gain Capital makes no investment recommendations and does not provide financial, tax or legal advice. Please consult your tax consultant prior to making any investment that may impact your tax situation.             
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