Nhận định xu hướng & chiến lược phiên Âu 8/11/2010

EUR/USD intraday: under pressure.

Pivot: 1.4025.
Our Preference: SHORT positions @ 1.4015 with targets @ 1.3905 & 1.3865.
Alternative scenario: The upside penetration of 1.4025 will call for 1.408 & 1.413.
Comment: the pair remains under pressure and stands below its new resistance (former support).
 

GBP/USD intraday: the downside prevails.

Our Preference: SHORT positions @ 1.62 with 1.609 & 1.605 in sight.
Alternative scenario: The upside penetration of 1.621 will call for a rebound towards 1.626 & 1.6315.
Comment: the RSI is capped by a declining trend line, the pair has broken below a MT rising trend line.  
 

USD/JPY intraday: intraday support around 81

Pivot: 81.00.
Our Preference: LONG positions @ 81.05 with targets @ 81.5 & 81.8.
Alternative scenario: The downside penetration of 81 will call for a slide towards 80.85 & 80.6.
Comment: the RSI is supported by a rising trend line, the pair is on the upside and is approaching its next resistance.
 

AUD/USD intraday: further advance.

Our preference: Long positions above 1.0065 with targets @ 1.0175 & 1.0205 in extension.
Alternative scenario: Below 1.0065 look for further downside with 1.002 & 1 as targets.
Comment: the immediate trend remains up and the momentum is strong.

 USD/CHF intraday: rebound.

Our preference: Long positions above 0.9575 with targets @ 0.969 & 0.975 in extension.
Alternative scenario: Below 0.9575 look for further downside with 0.954 & 0.951 as targets.
Comment: the pair is on the upside and is challenging its resistance.
 

USD/CAD intraday: the downside prevails.

Our preference: Short positions below 1.007 with targets @ 0.999 & 0.997 in extension.
Alternative scenario: Above 1.007 look for further upside with 1.0125 & 1.0155 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.007.

EUR/CHF intraday: under pressure.

Pivot: 1.3525
Our preference: Short positions below 1.3525 with targets @ 1.344 & 1.34 in extension.
Alternative scenario: Above 1.3525 look for further upside with 1.3575 & 1.36 as targets.
Comment: the pair stands below its new resistance and is approaching its previous low.

EUR/JPY intraday: consolidation.
Pivot: 113.75
Our preference: Short @ 113.68 with targets @ 113 & 112.5 in extension.
Alternative scenario: Above 113.75 look for further upside with 114 & 114.5 as targets.
Comment: the pair has broken below its support and remains under pressure as the RSI is capped by a declining trend line.


EUR/GBP intraday: under pressure.

Pivot: 0.869
Our preference: Short positions below 0.869 with targets @ 0.8615 & 0.858 in extension.
Alternative scenario: Above 0.869 look for further upside with 0.8735 & 0.8765 as targets.
Comment: the pair is under pressure and is challenging its previous low.

GBP/JPY intraday: testing the channel support.Pivot: 130.6
Our preference: Long @ 130.75 with targets @ 131.65 & 132.2 in extension.
Alternative scenario: Below 130.6 look for further downside with 130.25 & 129.65 as targets.
Comment: the pair is challenging its bullish channel lower boundary.

GOLD‏ (Spot) intraday: bullish bias above 1365

Pivot: 1365.00 Our Preference: LONG positions above 1365 with 1400 & 1410 as next targets. Alternative scenario: The downside penetration of 1365 will call for 1347 & 1335. Comment: the price remains on the upside and is challenging a resistance at 1400. The RSI is mixed and calls for caution.

Crude Oil‏ (Dec 10) intraday: the bias remains bullish.

Pivot: 85.95
Our Preference: LONG positions above 85.95 with 87.5 & 88.25 as next targets.
Alternative scenario: The downside breakout of 85.95 will open the way to 85.05 & 84.3.
Comment: the price stands in a short-term bullish channel.

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