TECHNICAL ANALYSIS 11/01/2013

eurusd Pivot: 1.3170. Our preference: LONG positions above 1.317 with 1.328 & 1.3295 as next targets. Alternative scenario: The downside penetration of 1.317 will call for a slide towards 1.313 & 1.309. Comment: the pair remains on the upside and is challenging a strong MT resistance area, the RSI stands above its neutral area. Trend: ST Ltd Upside; MT Range Key levels Comment 1.3305** Intraday resistance 1.3295*** Intraday resistance 1.328*** Intraday resistance 1.3259 Last 1.317*** Intraday pivot point 1.313*** Intraday support 1.309*** Intraday support

gbpusd Pivot: 1.6080. Our preference: LONG positions above 1.608 with 1.6175 & 1.62 as next targets. Alternative scenario: The downside breakout of 1.608 will open the way to 1.6055 & 1.603. Comment: the pair remains on the upside and is challenging its resistance, the bias remains therefore bullish even if a pull back should not be ruled out. Trend: ST Ltd Upside; MT Range Key levels Comment 1.6225** Intraday resistance 1.62*** Intraday resistance 1.6175*** Intraday resistance 1.6145 Last 1.608*** Intraday pivot point 1.6055** Intraday support 1.603*** Intraday support

usdjpy Pivot: 88.20. Our preference: LONG positions above 88.2 with targets @ 89.35 & 89.5. Alternative scenario: The downside breakout of 88.2 will open the way to 87.9 & 87.7. Comment: the pair has broken above its previous high and remains on the upside, the RSI stands above its neutral area and remains well directed. Trend: ST Ltd Upside; MT Range Key levels Comment 89.8** Intraday resistance 89.5** Intraday resistance 89.35*** Intraday resistance 89.04 Last 88.2*** Intraday pivot point 87.9*** Intraday support 87.7*** Intraday support

eurjpy Pivot: 116.65 Our preference: Long @ 116.73 with targets @ 118.6 & 119.1 in extension. Alternative scenario: Below 116.65 look for further downside with 116 & 115.5 as targets. Comment: the pair has broken above its previous high and should post further advance as the RSI stands above its neutral area and remains on the upside. Key levels 119.6 119.1 118.6 118.126 last 116.65 116 115.5

gold Pivot: 1658.00 Our preference: LONG positions above 1658 with targets @ 1680 & 1695. Alternative scenario: The downside penetration of 1658 will call for 1652 & 1643. Comment: gold prices are supported by a rising trend line. The 50 simple moving average is heading up. The upside prevails as long as 1658 isn't broken. Trend: ST Ltd downside; MT Range Key levels Comment 1711*** Channel resistance 1695** Intraday resistance 1680** Intraday resistance 1673.02 Last 1658** Intraday pivot point 1652*** Intraday support 1643** Intraday support

nzdusd Pivot: 0.8375 Our preference: Long positions above 0.8375 with targets @ 0.8475 & 0.849 in extension. Alternative scenario: Below 0.8375 look for further downside with 0.8345 & 0.831 as targets. Comment: the pair keeps trading within a bullish channel and stands above its new support, the RSI lacks downward momentum. Key levels 0.8535 0.849 0.8475 0.84235 last 0.8375 0.8345 0.831

audusd Pivot: 1.0535 Our preference: Long positions above 1.0535 with targets @ 1.06 & 1.062 in extension. Alternative scenario: Below 1.0535 look for further downside with 1.049 & 1.0475 as targets. Comment: the pair is facing a pull back on its new support (former resistance that became a support) ahead of further advance. Key levels 1.065 1.062 1.06 1.05794 last 1.0535 1.049 1.0475

TECHNICAL ANALYSIS 10/01/2013

eurusd Pivot: 1.3090. Our preference: SHORT positions @ 1.308 with targets @ 1.303 & 1.299. Alternative scenario: The upside penetration of 1.309 will call for a rebound towards 1.314 & 1.317. Comment: the pair remains under pressure and is capped by an intraday declining trend line, the RSI stands below its neutral area and is still badly directed. Trend: ST Ltd Upside; MT Range Key levels Comment 1.317** Intraday resistance 1.314*** Intraday resistance 1.309*** Intraday pivot point 1.3045 Last 1.303*** Intraday support 1.299*** Intraday support 1.297** Intraday support

gbpusd Pivot: 1.6040. Our preference: SHORT positions @ 1.603 with 1.599 & 1.597 as next targets. Alternative scenario: The upside breakout of 1.604 will open the way to 1.6075 & 1.609. Comment: the pair stands below its resistance and remains within a bearish channel, the RSI stands below its neutral area. Trend: ST Ltd Upside; MT Range Key levels Comment 1.609** Intraday resistance 1.6075*** Intraday resistance 1.604*** Intraday pivot point 1.6011 Last 1.599*** Intraday support 1.597** Intraday support 1.595** Intraday support

usdjpy Pivot: 87.55. Our preference: LONG positions above 87.55 with targets @ 88.35 & 88.5. Alternative scenario: The downside penetration of 87.55 will call for 87.15 & 86.8. Comment: the pair has broken above a declining trend line and remains on the upside, the RSI stands above its neutral area and remains well directed. Trend: ST Ltd Upside; MT Range Key levels Comment 88.85** Intraday resistance 88.5** Intraday resistance 88.35*** Intraday resistance 88.14 Last 87.55*** Intraday pivot point 87.15*** Intraday support 86.8*** Intraday support

eurjpy Pivot: 114.4 Our preference: Long @ 114.47 with targets @ 115.2 & 115.55 in extension. Alternative scenario: Below 114.4 look for further downside with 114 & 113.6 as targets. Comment: the pair has broken above a declining trend line and is approaching its next intraday resistance, the RSI stands above its neutral area and remains well directed. Key levels 115.95 115.55 115.2 115.016 last 114.4 114 113.6

gold Pivot: 1652.00 Our preference: LONG positions above 1652 with targets @ 1668 & 1674. Alternative scenario: The downside penetration of 1652 will call for a slide towards 1643 & 1635. Comment: the price is bouncing off its support area around 1652. The RSI is above its neutrality area at 50. A new up leg seems more likely towards 1668 (61.8% retracement). Trend: ST Ltd downside; MT Range Key levels Comment 1680* Intraday resistance 1674* Intraday resistance 1668** Fib retracement (61.8%) 1659.6 Last 1652*** Intraday pivot point 1643** Intraday support 1635* Intraday support

nzdusd Pivot: 0.8345 Our preference: Long positions above 0.8345 with targets @ 0.842 & 0.845 in extension. Alternative scenario: Below 0.8345 look for further downside with 0.831 & 0.8275 as targets. Comment: the pair remains on the upside and is approaching a MT resistance, the RSI stands above its neutral area and remains well directed. Key levels 0.8475 0.845 0.842 0.8401 last 0.8345 0.831 0.8275

audusd Pivot: 1.049 Our preference: Long positions above 1.049 with targets @ 1.0565 & 1.0585 in extension. Alternative scenario: Below 1.049 look for further downside with 1.0475 & 1.0455 as targets. Comment: the pair remains on the upside and is challenging the upper boundary of a bullish channel. Key levels 1.062 1.0585 1.0565 1.05484 last 1.049 1.0475 1.0455

TECHNICAL ANALYSIS 09/01/2013

eurusd Pivot: 1.3140. Our preference: SHORT positions @ 1.313 with targets @ 1.3055 & 1.303. Alternative scenario: The upside breakout of 1.314 will open the way to 1.317 & 1.3215. Comment: the pair is posting a rebound on an intermediary intraday support but stands below a strong resistance, the RSI stands above its neutral area but lacks upward momentum. Trend: ST Ltd Upside; MT Range Key levels Comment 1.3215** Intraday resistance 1.317*** Intraday resistance 1.314*** Intraday pivot point 1.3085 Last 1.3055*** Intraday support 1.303** Intraday support 1.299*** Intraday support __________________

gbpusd Pivot: 1.6090. Our preference: SHORT positions @ 1.608 with 1.602 & 1.6 in sight. Alternative scenario: The upside penetration of 1.609 will call for 1.613 & 1.6175. Comment: the pair has broken below a rising trend line and remains under pressure, challenging its support, the RSI stands below its neutral area. Trend: ST Ltd Upside; MT Range Key levels Comment 1.6175** Intraday resistance 1.613*** Intraday resistance 1.609** Intraday pivot point 1.6054 Last 1.602*** Intraday support 1.6*** Intraday support 1.597** Intraday support

usdjpy Pivot: 86.80. Our preference: LONG positions above 86.8 with 87.8 & 88.05 in sight. Alternative scenario: The downside penetration of 86.8 will call for a slide towards 86.5 & 86.15. Comment: the pair has broken above a declining trend line and remains on the upside, the RSI stands above its neutral area and remains well directed. Trend: ST Ltd Upside; MT Range Key levels Comment 88.35*** Intraday resistance 88.05** Intraday resistance 87.8*** Intraday resistance 87.38 Last 86.8*** Intraday pivot point 86.5*** Intraday support 86.15** Intraday support

nzdusd Pivot: 0.8345 Our preference: Long positions above 0.8345 with targets @ 0.84 & 0.842 in extension. Alternative scenario: Below 0.8345 look for further downside with 0.831 & 0.8275 as targets. Comment: the pair remains on the upside and is challenging its previous high, the RSI stands above its neutral area and remains well directed. Key levels 0.845 0.842 0.84 0.83879 last 0.8345 0.831 0.8275

gold Pivot: 1652.00 Our preference: LONG positions above 1652 with targets @ 1668 & 1674. Alternative scenario: The downside penetration of 1652 will call for a slide towards 1643 & 1635. Comment: the price and the RSI are supported by rising trend lines. Trend: ST Ltd downside; MT Range Key levels Comment 1680* Intraday resistance 1674* Intraday resistance 1668** Fib retracement (61.8%) 1662.8 Last 1652*** Intraday pivot point 1643** Intraday support 1635* Intraday support

audusd Pivot: 1.047 Our preference: Long positions above 1.047 with targets @ 1.0515 & 1.053 in extension. Alternative scenario: Below 1.047 look for further downside with 1.0455 & 1.0435 as targets. Comment: the pair remains on the upside and is challenging its strong resistance, the RSI stands above its neutral area and is well directed. Key levels 1.055 1.053 1.0515 1.05086 last 1.047 1.0455 1.0435

TECHNICAL ANALYSIS 07/01/2013

eurusd Pivot: 1.3030. Our preference: LONG positions above 1.303 with 1.309 & 1.3125 in sight. Alternative scenario: The downside penetration of 1.303 will call for 1.299 & 1.2935. Comment: the pair is facing a pull back on its new support, the RSI stands above its oversold area and lacks downward momentum, caution. Trend: ST Ltd Upside; MT Range Key levels Comment 1.317*** Intraday resistance 1.3125** Intraday resistance 1.309*** Intraday resistance 1.3036 Last 1.303** Intraday pivot point 1.299*** Intraday support 1.2935** Intraday support __________________

gbpusd Pivot: 1.6110. Our preference: SHORT positions below 1.611 with 1.6 & 1.598 in sight. Alternative scenario: The upside penetration of 1.611 will call for a rebound towards 1.614 & 1.6175. Comment: the pair remains under pressure and is approaching its previous intraday low, the RSI is badly directed but stands above its oversold area. Trend: ST Ltd Upside; MT Range Key levels Comment 1.6175** Intraday resistance 1.614*** Intraday resistance 1.611** Intraday pivot point 1.6023 Last 1.6*** Intraday support 1.598** Intraday support 1.596** Intraday support

usdjpy Pivot: 87.55. Our preference: LONG positions above 87.55 with 88.35 & 88.6 as next targets. Alternative scenario: The downside penetration of 87.55 will call for a slide towards 87.35 & 87.1. Comment: the pair has struck against its previous intraday high and is facing a pull back on its new support, the RSI is on the downside and is approaching its oversold area. Trend: ST Ltd Upside; MT Range Key levels Comment 89* Intraday resistance 88.6** Intraday resistance 88.35** Intraday resistance 87.76 Last 87.55** Intraday pivot point 87.35** Intraday support 87.1*** Intraday support

eurjpy Pivot: 115.1 Our preference: Short @ 115.03 with targets @ 114.2 & 113.6 in extension. Alternative scenario: Above 115.1 look for further upside with 115.6 & 116 as targets. Comment: the pair has broken below a bearish flag lower boundary and remains under pressure. The RSI remains badly directed and advocates for further weakness as it stands above its oversold area. Key levels 116 115.6 115.1 114.46 last 114.2 113.6 113.25

gold Pivot: 1648.00 Our preference: LONG positions above 1648 with targets @ 1668 & 1674. Alternative scenario: The downside penetration of 1648 will call for 1640 & 1625. Comment: the 20 and the 50 moving averages are turning up. The RSI is bullish and calls for further upside. Further recovery seems more likely. Trend: ST Ltd downside; MT Range Key levels Comment 1682** Horizontal resistance 1674** Horizontal resistance 1668** Fib retracement (61.8%) 1659.98 Last 1648*** Intraday pivot point 1640** Intraday support 1625* Intraday support

nzdusd Pivot: 0.825 Our preference: Long positions above 0.825 with targets @ 0.832 & 0.835 in extension. Alternative scenario: Below 0.825 look for further downside with 0.8205 & 0.8155 as targets. Comment: the pair has struck against its intraday resistance and is facing a pull back on its new support, the RSI stands around its neutral area. Key levels 0.8395 0.835 0.832 0.829 last 0.825 0.8205 0.8155

TECHNICAL ANALYSIS 04/01/2013

eurusd Pivot: 1.3125. Our preference: SHORT positions @ 1.3115 with 1.3015 & 1.297 in sight. Alternative scenario: The upside breakout of 1.3125 will open the way to 1.317 & 1.3235. Comment: the pair has broken below a strong intraday support and remains capped by a declining trend line, the RSI is rebounding but stands below its neutral area. Trend: ST Ltd Upside; MT Range Key levels Comment 1.3235** Intraday resistance 1.317*** Intraday resistance 1.3125*** Intraday pivot point 1.3039 Last 1.3015*** Intraday support 1.297** Intraday support 1.2935** Intraday support

gbpusd Pivot: 1.6140. Our preference: SHORT positions @ 1.613 with 1.606 & 1.604 as next targets. Alternative scenario: The upside penetration of 1.614 will call for 1.6175 & 1.62. Comment: the pair stands below its new resistance and is challenging a nice support (previous low), a rebound should not be ruled ahead of further weakness as the RSI remains badly directed. Trend: ST Ltd Upside; MT Range Key levels Comment 1.62*** Intraday resistance 1.6175** Intraday resistance 1.614*** Intraday pivot point 1.6076 Last 1.606** Intraday support 1.604** Intraday support 1.6*** Intraday support

usdjpy Pivot: 87.10. Our preference: LONG positions @ 87.2 with 88.15 & 88.6 in sight. Alternative scenario: The downside penetration of 87.1 will call for 86.75 & 86.5. Comment: the pair has broken above a new resistance and remains on the upside within a bullish channel, the RSI remains well directed and below its overbought area. Trend: ST Ltd Upside; MT Range Key levels Comment 89* Intraday resistance 88.6** Intraday resistance 88.15** Intraday resistance 87.73 Last 87.1** Intraday pivot point 86.75*** Intraday support 86.5** Intraday support

eurjpy Pivot: 113.6 Our preference: Long @ 113.67 with targets @ 114.75 & 115.2 in extension. Alternative scenario: Below 113.6 look for further downside with 113.25 & 112.9 as targets. Comment: the pair has rebounded on a strong intraday support and has broken above a bearish channel upper boundary. Further advance is expected as the RSI stands above its neutral area. Key levels 115.6 115.2 114.75 114.43 last 113.6 113.25 112.9

gold Pivot: 1665.00 Our preference: SHORT positions below 1665 with 1635 & 1625 in sight. Alternative scenario: The upside penetration of 1665 will call for a rebound towards 1675 & 1682. Comment: the 50 moving average is heading down and the RSI is below its neutrality area at 50. As long as 1665 is resistance, look for choppy price action with a bearish bias. Trend: ST Ltd downside; MT Range Key levels Comment 1682** Intraday resistance 1675** Fib retracement (61.8%) 1665** Intraday pivot point 1653.34 Last 1635** Previous low 1625*** Horizontal support 1610** Intraday support

nzdusd Pivot: 0.83 Our preference: Short positions below 0.83 with targets @ 0.8205 & 0.8155 in extension. Alternative scenario: Above 0.83 look for further upside with 0.835 & 0.839 as targets. Comment: the break below 0.83 is a negative signal that has opened a path to 0.8205. Key levels 0.839 0.835 0.83 0.8245 last 0.8205 0.8155 0.8105

audusd Pivot: 1.047 Our preference: Short positions below 1.047 with targets @ 1.042 & 1.0405 in extension. Alternative scenario: Above 1.047 look for further upside with 1.05 & 1.053 as targets. Comment: After breaking below a rising trend line, the RSI is posting a potential bullish divergence. Those mixed signals are calling for caution. Key levels 1.053 1.05 1.047 1.04455 last 1.042 1.0405 1.0385

TECHNICAL ANALYSIS 03/01/2013

eurusd Pivot: 1.3190. Our preference: SHORT positions @ 1.318 with targets @ 1.312 & 1.3095. Alternative scenario: The upside penetration of 1.319 will call for 1.3235 & 1.326. Comment: the pair has broken below a strong intraday support which now acts as a resistance, further weakness is likely as the RSI is badly directed but stands above its oversold area. Trend: ST Ltd Upside; MT Range Key levels Comment 1.326** Intraday resistance 1.3235*** Intraday resistance 1.319*** Intraday pivot point 1.3138 Last 1.312*** Intraday support 1.3095** Intraday support 1.306*** Intraday support

gbpusd Pivot: 1.6280. Our preference: SHORT positions @ 1.627 with targets @ 1.618 & 1.6145. Alternative scenario: The upside penetration of 1.628 will call for a rebound towards 1.631 & 1.638. Comment: the pair has broken below a rising trend line and remains under pressure while challenging its new support. The RSI stands below its neutral area. Trend: ST Ltd Upside; MT Range Key levels Comment 1.638*** Intraday resistance 1.631** Intraday resistance 1.628** Intraday pivot point 1.6223 Last 1.618** Intraday support 1.6145*** Intraday support 1.61*** Intraday support

usdjpy Pivot: 86.75. Our preference: LONG positions @ 86.85 with targets @ 87.4 & 87.7. Alternative scenario: The downside breakout of 86.75 will open the way to 86.5 & 86.1. Comment: the pair is supported by a rising trend line and is challenging its previous high. Upward momentum remains intact as the RSI is turning up and stands above its neutral area. Trend: ST Ltd Upside; MT Range Key levels Comment 88.1* Intraday resistance 87.7** Intraday resistance 87.4** Intraday resistance 87.26 Last 86.75** Intraday pivot point 86.5*** Intraday support 86.1** Intraday support

eurjpy Pivot: 115.2 Our preference: Short @ 115.13 with targets @ 114.15 & 113.7 in extension. Alternative scenario: Above 115.2 look for further upside with 115.6 & 116 as targets. Comment: the pair has struck against its new resistance (overlap) and remains under pressure as the RSI remains badly directed (but stands above its oversold area). Key levels 116 115.6 115.2 114.63 last 114.15 113.7 113.25

gold Pivot: 1680.00 Our preference: LONG positions above 1680 with 1694 & 1702 in sight. Alternative scenario: The downside penetration of 1680 will call for a slide towards 1668 & 1659. Comment: the 1680 level should act as support on any weakness. The RSI has just landed on its neutrality area at 50%. Further upside seems more likely, as long as 1680 is support. Trend: ST Ltd downside; MT Range Key levels Comment 1709** Fib retracement (61.8%) 1702** Intraday resistance 1694** Fib retracement (50%) 1686.8 Last 1680** Intraday pivot point 1668** Intraday support 1659* Intraday support

nzdusd Pivot: 0.829 Our preference: Long positions above 0.829 with targets @ 0.8395 & 0.845 in extension. Alternative scenario: Below 0.829 look for further downside with 0.8245 & 0.8205 as targets. Comment: the RSI has just broken above a declining trend line: this calls for further upside. Key levels 0.8475 0.845 0.8395 0.83252 last 0.829 0.8245 0.8205

audusd Pivot: 1.0455 Our preference: Long positions above 1.0455 with targets @ 1.0525 & 1.056 in extension. Alternative scenario: Below 1.0455 look for further downside with 1.042 & 1.0405 as targets. Comment: the RSI is supported by a rising trend line: this calls for further upside. Key levels 1.058 1.056 1.0525 1.0486 last 1.0455 1.042 1.0405

TECHNICAL ANALYSIS 02/01/2013

EURUSD Pivot: 1.32 Our preference: Long positions above 1.32 with targets @ 1.331 & 1.3365 in extension. Alternative scenario: Below 1.32 look for further downside with 1.317 & 1.3145 as targets. Comment: the RSI calls for a new upleg. Key levels 1.3415 1.3365 1.331 1.32876 last 1.32 1.317 1.3145 _______

GBPUSD Pivot: 1.6225 Our preference: Long positions above 1.6225 with targets @ 1.64 & 1.6475 in extension. Alternative scenario: Below 1.6225 look for further downside with 1.618 & 1.611 as targets. Comment: the RSI calls for a new upleg. Key levels 1.65 1.6475 1.64 1.6347 last 1.6225 1.618 1.611

USDJPY Pivot: 86.75 Our preference: Long positions above 86.75 with targets @ 87.5 & 87.7 in extension. Alternative scenario: Below 86.75 look for further downside with 86.5 & 86.1 as targets. Comment: the next resistances are at 87.5 and then at 87.7. Key levels 88.1 87.7 87.5 87.242 last 86.75 86.5 86.1 ____

EURJPY Pivot: 114.5 Our preference: Long positions above 114.5 with targets @ 116.5 & 117 in extension. Alternative scenario: Below 114.5 look for further downside with 114.15 & 113.7 as targets. Comment: the RSI calls for a new upleg. Key levels 117.4 117 116.5 115.707 last 114.5 114.15 113.7

GOLD Pivot: 1665.00 Our preference: LONG positions above 1665 with targets @ 1679 & 1685. Alternative scenario: The downside penetration of 1665 will call for a slide towards 1659 & 1652. Comment: the RSI advocates for further advance. Trend: ST Ltd downside; MT Range Key levels Comment 1690** Fib retracement (61.8%) 1685** Fib retracement (50%) 1679** Fib retracement (38.2%) 1677 Last 1665*** Intraday pivot point 1659* Intraday support 1652** Intraday support

NZDUSD Pivot: 0.8275 Our preference: Long positions above 0.8275 with targets @ 0.84 & 0.845 in extension. Alternative scenario: Below 0.8275 look for further downside with 0.823 & 0.819 as targets. Comment: the next resistances are at 0.84 and then at 0.845. Key levels 0.8475 0.845 0.84 0.8362 last 0.8275 0.823 0.819

AUDUSD Pivot: 1.0405 Our preference: Long positions above 1.0405 with targets @ 1.05 & 1.052 in extension. Alternative scenario: Below 1.0405 look for further downside with 1.038 & 1.0365 as targets. Comment: the next resistances are at 1.05 and then at 1.052. Key levels 1.056 1.052 1.05 1.0471 last 1.0405 1.038 1.0365