TradingCentral analyses 08.11.2013 02:52 GMT+1

TradingCentral analyses

EUR/USD    GBP/USD    USD/CHF    USD/JPY    USD/CAD    AUD/USD   

08.11.2013 02:52 GMT+1 - EUR/USD intraday: key resistance at 1.346.

Pivot: 1.346
Our preference: Short positions below 1.346 with targets @ 1.3295 & 1.3225 in extension.
Alternative scenario: Above 1.346 look for further upside with 1.3525 & 1.3565 as targets.
Comment: as long as 1.346 is resistance, look for choppy price action with a bearish bias.

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08.11.2013 02:54 GMT+1 - GBP/USD intraday: the bias remains bullish.

Pivot: 1.601
Our preference: Long positions above 1.601 with targets @ 1.6115 & 1.6165 in extension.
Alternative scenario: Below 1.601 look for further downside with 1.598 & 1.5935 as targets.
Comment: the RSI broke above a bearish trend line.

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08.11.2013 03:00 GMT+1 - USD/CHF intraday: intraday support around 0.914.

Pivot: 0.914
Our preference: Long positions above 0.914 with targets @ 0.9235 & 0.9275 in extension.
Alternative scenario: Below 0.914 look for further downside with 0.909 & 0.907 as targets.
Comment: a support base at 0.914 has formed and has allowed for a temporary stabilisation.

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08.11.2013 02:58 GMT+1 - USD/JPY intraday: key ST resistance at 98.55.

Pivot: 98.55
Our preference: Short positions below 98.55 with targets @ 97.45 & 97.15 in extension.
Alternative scenario: Above 98.55 look for further upside with 98.85 & 99.4 as targets.
Comment: as long as the resistance at 98.55 is not surpassed, the risk of the break below 97.45 remains high.

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08.11.2013 03:10 GMT+1 - USD/CAD intraday: the bias remains bullish.

Pivot: 1.0395
Our preference: Long positions above 1.0395 with targets @ 1.0495 & 1.054 in extension.
Alternative scenario: Below 1.0395 look for further downside with 1.036 & 1.031 as targets.
Comment: technically, the RSI is above its neutrality area at 50.

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08.11.2013 03:02 GMT+1 - AUD/USD intraday: under pressure.

Pivot: 0.9505
Our preference: Short positions below 0.9505 with targets @ 0.9425 & 0.9385 in extension.
Alternative scenario: Above 0.9505 look for further upside with 0.954 & 0.9575 as targets.
Comment: a break below 0.9425 would trigger a drop towards 0.9385.

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