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May 24, 2013 -- Updated November 19, 2012 21:56 HKT

Update: Crude Oil, Gold, EUR/USD, GBP/USD, USD/CAD, USD/JPY, AUD/USD, USD/CHF


report@livetradingnews.com
Posted on: Nov 19th, 2012

Update: Crude Oil, Gold, EUR/USD, GBP/USD, USD/CAD, USD/JPY, AUD/USD, USD/CHF

Economist and Hedge Fund Manager Shayne Heffernan of www.livetradingnews.com takes a look at Crude Oil, Gold, EUR/USD, GBP/USD, USD/CAD, USD/JPY, AUD/USD, USD/CHF

Pivot: 87.20
Our preference: LONG positions above 87.2 with 88.3 & 89.2 in sight.
Alternative scenario: The downside penetration of 87.2 will call for a slide towards 86 & 85.1.
Comment: the immediate trend remains up and the momentum is strong.

Opinion published is an intraday view. Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

 

GOLD (Spot) intraday: bounce.

Pivot: 1711.00
Our preference: LONG positions above 1711 with 1733 & 1738 in sight.
Alternative scenario: The downside penetration of 1711 will call for 1705 & 1697.
Comment: the RSI is mixed with a bullish bias.

Opinion published is an intraday view. Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

EUR/USD intraday: continuation of the rebound.

Pivot: 1.274
Our preference: Long positions above 1.274 with targets @ 1.2785 & 1.28 in extension.
Alternative scenario: Below 1.274 look for further downside with 1.272 & 1.269 as targets.
Comment: the pair remains on the upside and is challenging its resistance.

Opinion published is an intraday view. Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

GBP/USD intraday: the upside prevails.

Pivot: 1.5875
Our preference: Long positions above 1.5875 with targets @ 1.5925 & 1.595 in extension.
Alternative scenario: Below 1.5875 look for further downside with 1.5855 & 1.5835 as targets.
Comment: the pair has struck against its resistance and is facing a pull back on its support.

Opinion published is an intraday view. Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

USD/CAD intraday: the downside prevails.

Pivot: 1.003
Our preference: Short positions below 1.003 with targets @ 0.9975 & 0.9955 in extension.
Alternative scenario: Above 1.003 look for further upside with 1.0045 & 1.0055 as targets.
Comment: the RSI is badly directed.

Opinion published is an intraday view. Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

USD/JPY intraday: bullish bias above 80.85.

Pivot: 80.85
Our preference: Long positions above 80.85 with targets @ 81.6 & 81.9 in extension.
Alternative scenario: Below 80.85 look for further downside with 80.65 & 80.3 as targets.
Comment: a support base at 80.85 has formed and has allowed for a temporary stabilisation.

Opinion published is an intraday view. Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

AUD/USD intraday: further advance.

Pivot: 1.034
Our preference: Long positions above 1.034 with targets @ 1.04 & 1.042 in extension.
Alternative scenario: Below 1.034 look for further downside with 1.0305 & 1.028 as targets.
Comment: the RSI is bullish and calls for further advance.

Opinion published is an intraday view. Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

USD/CHF intraday: under pressure.

Pivot: 0.946
Our preference: Short positions below 0.946 with targets @ 0.941 & 0.9385 in extension.
Alternative scenario: Above 0.946 look for further upside with 0.949 & 0.9515 as targets.
Comment: the pair has broken below its support and remains under pressure.

Opinion published is an intraday view. Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced.

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Linda Johnson,
Business Development Director – Private Client Group,
Heffernan Capital Management
Sales@Heffcap.com

Singapore

3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699

 

 











 

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Heffernan Capital Management
Linda Johnson,
Business Development Director – Private Client Group,
Sales@Heffcap.com

Singapore

3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699

 

Posted by on Nov 19th, 2012and filed underEconomic News, Foreign Exchange, Latest News.You can follow any responses to this entry through theRSS 2.0Both comments and pings are currently closed.
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