Forex Daily Information

THIS INFORMATION IS ONLY FOR GOOGLE GROUP MEMBERS SHARING ONLY!! QUOTES FROM GO MARKETS DAILY - 30 SEPTEMBER, 2011 http://freefxmembership.herobo.com   AUD/USD intraday: the downside prevails. Pivot: 0.9815 Our preference: Short positions below 0.9815 with targets @ 0.97 & 0.9625 in extension. Alternative scenario: Above 0.9815 look for further upside with 0.9985 & 1.0075 as targets. Comment: technically, the RSI is below its neutrality area at 50.

EUR/USD intraday: under pressure. Pivot: 1.369 Our preference: Short positions below 1.369 with targets @ 1.3515 & 1.3475 in extension. Alternative scenario: Above 1.369 look for further upside with 1.375 & 1.38 as targets. Comment: the pair is posting a rebound but stands below its resistance.

GBP/USD intraday: turning down. Pivot: 1.5675 Our preference: Short positions below 1.5675 with targets @ 1.5575 & 1.5530 in extension. Alternative scenario: Above 1.5675 look for further upside with 1.5715 & 1.5750 as targets. Comment: the RSI has struck against a major resistance around 70% and is reversing down.

USD/JPY intraday: caution. Pivot: 76.9 Our preference: Short positions below 76.9 with targets @ 76.4 & 76.25 in extension. Alternative scenario: Above 76.9 look for further upside with 77.1 & 77.3 as targets. Comment: the RSI has struck against a major resistance around 70% and is reversing down.

EUR/JPY intraday: consolidation. Pivot: 104.95 Our preference: Short positions below 104.95 with targets @ 103.7 & 103.3 in extension. Alternative scenario: Above 104.95 look for further upside with 105.4 & 105.9 as targets. Comment: the RSI has struck against a major resistance around 70% and is reversing down.

GOLD (Spot) intraday: under pressure. Pivot: 1640.00 Our Preference: SHORT positions below 1640 with 1585 & 1560 as next targets. Alternative scenario: The upside breakout of 1640 will open the way to 1670 & 1690. Comment: the index currently faces a challenging resistance area at 1640.

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