FXPRO : Daily Technical Analysis - Pre US Open - 2nd May 2013

PRE US OPEN, DAILY TECHNICAL ANALYSIS, 02 MAY 2013

EUR/USD

GBP/USD

USD/JPY

AUD/USD

GOLD

CRUDE OIL

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: THE BIAS REMAINS BULLISH. Pivot: 1.314 Most Likely Scenario: Long positions above 1.314 with targets @ 1.32 & 1.324 in extension. Alternative scenario: Below 1.314 look for further downside with 1.311 & 1.305 as targets. Comment: the pair is facing a pull back on its support. NEXT »

GBP/USD INTRADAY: THE BIAS REMAINS BULLISH. Pivot: 1.5515 Most Likely Scenario: Long positions above 1.5515 with targets @ 1.5605 & 1.5675 in extension. Alternative scenario: Below 1.5515 look for further downside with 1.547 & 1.5445 as targets. Comment: the pair is rebounding on its bullish channel lower boundary as the RSI is reversing up. « PREVIOUS | NEXT »

USD/JPY INTRADAY: UNDER PRESSURE. Pivot: 97.75 Most Likely Scenario: Short positions below 97.75 with targets @ 96.95 & 96.55 in extension. Alternative scenario: Above 97.75 look for further upside with 98.2 & 98.5 as targets. Comment: the pair stands below its new resistance and remains on the downside, the RSI is badly directed. « PREVIOUS | NEXT »

AUD/USD INTRADAY: THE DOWNSIDE PREVAILS. Pivot: 1.026 Most Likely Scenario: Short positions below 1.026 with targets @ 1.0195 & 1.0165 in extension. Alternative scenario: Above 1.026 look for further upside with 1.0285 & 1.03 as targets. Comment: the break below 1.026 is a bearish signal calling for further weakness. « PREVIOUS | NEXT »

GOLD (SPOT) INTRADAY: THE DOWNSIDE PREVAILS. Pivot: 1485.00 Most Likely Scenario: SHORT positions below 1485 with 1418 & 1404 in sight. Alternative scenario: The upside breakout of 1485 will open the way to 1507 & 1539. Comment: the RSI is capped by a bearish trend line and the 50-period moving average is heading down. The downside prevails, as long as 1485 isn't penetrated. « PREVIOUS | NEXT »

CRUDE OIL (JUN 13) INTRADAY: THE DOWNSIDE PREVAILS. Pivot: 92.45 Most Likely Scenario: SHORT positions below 92.45 with targets @ 89.45 & 87.8. Alternative scenario: The upside breakout of 92.45 will open the way to 93.7 & 94.65. Comment: the RSI is mixed with a bearish bias. « PREVIOUS | BACK TO TOP »

Legal: FxPro Financial Services Ltd is authorised and regulated by CySEC (licence no. 078/07) Email: info@FxPro.com Web: www.FxPro.com Address: Karyatidon 1, Ypsonas 4180, Cyprus 24/5 International Customer Support Tel: +357 25 969 222 Fax: +357 25 969 269 Disclaimer: This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. Past performance is not a guarantee of or prediction of future performance. FxPro does not take into account your personal investment objectives or financial situation. FxPro makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by an employee of FxPro, a third party or otherwise. This material has not been prepared in accordance with legal requirements promoting the independence of investment research and it is not subject to any prohibition on dealing ahead of the dissemination of investment research. All expressions of opinion are subject to change without notice. Any opinions made may be personal to the author and may not reflect the opinions of FxPro. This communication must not be reproduced or further distributed without prior permission of FxPro. Risk Warning: CFDs, which are leveraged products, incur a high level of risk and can result in the loss of all your invested capital. Therefore, CFDs may not be suitable for all investors. You should not risk more than you are prepared to lose. Before deciding to trade, please ensure you understand the risks involved and take into account your level of experience. Seek independent advice if necessary.

Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities. Visit Us www.deryworldscorp.web.id Visit Us www.deryworldscorp.asia