TDFX Newsletter

MARKET NEWS: Daily Technical Levels Friday, September 10, 2010 - 9:00 AM EUR / USD GBP / USD USD / CHF USD / JPY Gold Crude Oil EUR/USD intraday: bullish bias above 1.2625 Pivot: 1.2625. Our Preference: LONG positions @ 1.2635 with 1.274 & 1.2765 in sight. Alternative scenario: The downside breakout of 1.2625 will open the way to 1.2605 & 1.2588. Comment: the pair is expected to bounce off the 1.2625 congestion area while intraday technical indicators are posting reversal signs. Next >> GBP/USD intraday: intraday support around 1.5385 Pivot: 1.5385. Our Preference: LONG positions @ 1.5395 with targets @ 1.548 & 1.5535. Alternative scenario: The downside penetration of 1.5385 will call for 1.535 & 1.533. Comment: intraday technical indicators are showing reversal signs. << Previous - Next >> USD/CHF intraday: capped by a negative trend line. Pivot: 1.022 Our preference: Short positions below 1.022 with targets @ 1.01 & 1.006 in extension. Alternative scenario: Above 1.022 look for further upside with 1.024 & 1.0265 as targets. Comment: the RSI calls for a slump. << Previous - Next >> USD/JPY intraday: under pressure. Pivot: 84.30. Our Preference: SHORT positions @ 84.2 with targets @ 83.5 & 83.35. Alternative scenario: The upside penetration of 84.3 will call for a rebound towards 84.5 & 84.65. Comment: intraday technical indicators are turning down.. << Previous - Next >> GOLD (Spot) intraday: the bias remains bullish. Pivot: 1240.00 Our Preference: LONG positions above 1240 with 1253 & 1265 in sight. Alternative scenario: The downside penetration of 1240 will call for a slide towards 1230 & 1217. Comment: the price is posting a rebound on its support. Trend: ST Ltd upside; MT Bullish << Previous - Next >> Crude Oil (Oct 10) intraday: further advance. Pivot: 73.95 Our Preference: LONG positions above 73.95 with targets @ 75.6 & 76.5. Alternative scenario: The downside breakout of 73.95 will open the way to 72.5 & 71.5. Comment: the contract is posting a rebound on its support. The RSI is mixed Trend: ST Range; MT Range << Previous - Back to the top

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