TECHNICAL ANALYSIS 31/12/2012

Pivot: 1.3235. Our preference: SHORT positions @ 1.3225 with 1.317 & 1.3145 in sight. Alternative scenario: The upside breakout of 1.3235 will open the way to 1.326 & 1.3285. Comment: the pair has struck against its resistance and remains under pressure. Trend: ST Ltd Upside; MT Range Key levels Comment 1.3285** Intraday resistance 1.326** Intraday resistance 1.3235*** Intraday pivot point 1.3198 Last 1.317*** Intraday support 1.3145*** Intraday support 1.312** Intraday support

gbpusd Pivot: 1.6110. Our preference: LONG positions above 1.611 with targets @ 1.62 & 1.6235. Alternative scenario: The downside penetration of 1.611 will call for 1.606 & 1.6. Comment: the pair is on the upside and is approaching its resistance. Trend: ST Ltd Upside; MT Range Key levels Comment 1.626** Intraday resistance 1.6235** Intraday resistance 1.62** Intraday resistance 1.6153 Last 1.611** Intraday pivot point 1.606** Intraday support 1.6** Intraday support

usdjpy Pivot: 86.35. Our preference: SHORT positions below 86.35 with targets @ 85.65 & 85.45. Alternative scenario: The upside breakout of 86.35 will open the way to 86.6 & 87. Comment: the pair has rebounded on its support, caution. Trend: ST Ltd Upside; MT Range Key levels Comment 87* Intraday resistance 86.6** Intraday resistance 86.35** Intraday pivot point 86.08 Last 85.65*** Intraday support 85.45** Intraday support 85.15** Intraday support

eurjpy Pivot: 114 Our preference: Short @ 113.93 with targets @ 113.3 & 112.95 in extension. Alternative scenario: Above 114 look for further upside with 114.3 & 114.7 as targets. Comment: the pair is posting a rebound but stands below its resistance. Key levels 114.7 114.3 114 113.706 last 113.3 112.95 112.5

gold Pivot: 1652.00 Our preference: LONG positions above 1652 with 1669 & 1679 in sight. Alternative scenario: The downside breakout of 1652 will open the way to 1645 & 1635. Comment: a support base at 1652 has formed and has allowed for a temporary stabilisation. Trend: ST Ltd downside; MT Range Key levels Comment 1690** Fib retracement (61.8%) 1679** Fib retracement (50%) 1669** Fib retracement (38.2%) 1662.99 Last 1652*** Intraday pivot point 1645* Intraday support 1635** Intraday supporT

nzdusd Pivot: 0.8205 Our preference: Long positions above 0.8205 with targets @ 0.825 & 0.829 in extension. Alternative scenario: Below 0.8205 look for further downside with 0.819 & 0.8175 as targets. Comment: the RSI calls for a new upleg. Key levels 0.831 0.829 0.825 0.82331 last 0.8205 0.819 0.8175

audusd Pivot: 1.0365 Our preference: Long positions above 1.0365 with targets @ 1.042 & 1.0445 in extension. Alternative scenario: Below 1.0365 look for further downside with 1.0345 & 1.033 as targets. Comment: the RSI is mixed to bullish. Key levels 1.046 1.0445 1.042 1.03825 last 1.0365 1.0345 1.033

TECHNICAL ANALYSIS 28/12/2012

eurusd Pivot: 1.3215. Our preference: LONG positions @ 1.3225 with targets @ 1.326 & 1.3285. Alternative scenario: The downside breakout of 1.3215 will open the way to 1.32 & 1.317. Comment: the pair is rebounding and stands above its support. Trend: ST Ltd Upside; MT Range Key levels Comment 1.331** Intraday resistance 1.3285** Intraday resistance 1.326*** Intraday resistance 1.3237 Last 1.3215** Intraday pivot point 1.32*** Intraday support 1.317*** Intraday support

gbpusd Pivot: 1.6120. Our preference: SHORT positions below 1.612 with targets @ 1.606 & 1.6. Alternative scenario: The upside breakout of 1.612 will open the way to 1.6155 & 1.62. Comment: the pair is rebounding and is challenging its resistance, caution. Trend: ST Ltd Upside; MT Range Key levels Comment 1.62*** Intraday resistance 1.6155* Intraday resistance 1.612** Intraday pivot point 1.6115 Last 1.606** Intraday support 1.6** Intraday support 1.596** Intraday support

usdjpy Pivot: 85.85. Our preference: LONG positions above 85.85 with 86.8 & 87 in sight. Alternative scenario: The downside penetration of 85.85 will call for a slide towards 85.65 & 85.45. Comment: the pair has broken above its previous high and should post further advance. Trend: ST Ltd Upside; MT Range Key levels Comment 87.55* Fib projection 87* Fib projection 86.8* Intraday resistance 86.45 Last 85.85** Intraday pivot point 85.65** Intraday support 85.45** Intraday support

eurjpy Pivot: 113.7 Our preference: Long @ 113.78 with targets @ 115.15 & 115.5 in extension. Alternative scenario: Below 113.7 look for further downside with 113.3 & 112.95 as targets. Comment: the RSI is bullish and calls for further advance. Key levels 116 115.5 115.15 114.478 last 113.7 113.3 112.95

gold Pivot: 1652.00 Our preference: LONG positions above 1652 with targets @ 1669 & 1679. Alternative scenario: The downside breakout of 1652 will open the way to 1645 & 1635. Comment: a support base at 1652 has formed and has allowed for a temporary stabilisation. Trend: ST Ltd downside; MT Range Key levels Comment 1690** Fib retracement (61.8%) 1679** Fib retracement (50%) 1669** Fib retracement (38.2%) 1661.58 Last 1652*** Intraday pivot point 1645* Intraday support 1635** Intraday support

audusd Pivot: 1.039 Our preference: Short positions below 1.039 with targets @ 1.033 & 1.03 in extension. Alternative scenario: Above 1.039 look for further upside with 1.042 & 1.0445 as targets. Comment: as long as 1.039 is resistance, look for choppy price action with a bearish bias. Key levels 1.0445 1.042 1.039 1.0376 last 1.033 1.03 1.0285

nzdusd Pivot: 0.823 Our preference: Short positions below 0.823 with targets @ 0.815 & 0.812 in extension. Alternative scenario: Above 0.823 look for further upside with 0.825 & 0.829 as targets. Comment: as long as 0.823 is resistance, look for choppy price action with a bearish bias. Key levels 0.829 0.825 0.823 0.82056 last 0.815 0.812 0.81

TECHNICAL ANALYSIS 27/12/2012

eurusd Pivot: 1.3200. Our preference: LONG positions @ 1.321 with targets @ 1.325 & 1.327. Alternative scenario: The downside breakout of 1.32 will open the way to 1.317 & 1.314. Comment: the pair remains on the upside as the RSI is supported by a rising trend line. Trend: ST Ltd Upside; MT Range Key levels Comment 1.33*** Intraday resistance 1.327* Intraday resistance 1.325*** Intraday resistance 1.3229 Last 1.32** Intraday pivot point 1.317*** Intraday support 1.314*** Intraday support

gbpusd Pivot: 1.6170. Our preference: SHORT positions @ 1.616 with 1.608 & 1.604 in sight. Alternative scenario: The upside penetration of 1.617 will call for a rebound towards 1.621 & 1.624. Comment: the pair stands below its new resistance and remains under pressure.. Trend: ST Ltd Upside; MT Range Key levels Comment 1.624*** Fib retracement (61.8%) 1.621* Fib retracement (50%) 1.617** Intraday pivot point 1.6132 Last 1.608** Intraday support 1.604** Intraday support 1.6** Intraday support

usdjpy Pivot: 85.30. Our preference: LONG positions above 85.3 with 86 & 86.3 as next targets. Alternative scenario: The downside penetration of 85.3 will call for 85 & 84.85. Comment: the pair has broken above its previous high and should post further advance. Trend: ST Ltd Upside; MT Range Key levels Comment 86.45** Fib projection 86.3** Fib projection 86* Intraday resistance 85.8 Last 85.3** Intraday pivot point 85** Intraday support 84.85** Intraday support

eurjpy Pivot: 112.95 Our preference: Long positions above 112.95 with targets @ 113.95 & 114.4 in extension. Alternative scenario: Below 112.95 look for further downside with 112.55 & 112 as targets. Comment: the next resistances are at 113.95 and then at 114.4. Key levels 114.65 114.4 113.95 113.527 last 112.95 112.55 112

gold Pivot: 1652.00 Our preference: LONG positions above 1652 with 1669 & 1679 as next targets. Alternative scenario: The downside penetration of 1652 will call for 1645 & 1635. Comment: a support base at 1652 has formed and has allowed for a temporary stabilisation. Trend: ST Ltd downside; MT Range Key levels Comment 1690** Fib retracement (61.8%) 1679** Fib retracement (50%) 1669* Fib retracement (38.2%) 1656.2 Last 1652*** Intraday pivot point 1645* Intraday support 1635** Intraday support

nzdusd Pivot: 0.818 Our preference: Long positions above 0.818 with targets @ 0.823 & 0.825 in extension. Alternative scenario: Below 0.818 look for further downside with 0.815 & 0.812 as targets. Comment: technically, the RSI is above its neutrality area at 50. Key levels 0.829 0.825 0.823 0.81976 last 0.818 0.815 0.812

audusd Pivot: 1.039 Our preference: Short positions below 1.039 with targets @ 1.033 & 1.03 in extension. Alternative scenario: Above 1.039 look for further upside with 1.042 & 1.0445 as targets. Comment: as long as 1.039 is resistance, look for choppy price action with a bearish bias. Key levels 1.0445 1.042 1.039 1.03574 last 1.033 1.03 1.0285

TECHNICAL ANALYSIS 26/12/2012

eurusd Pivot: 1.323 Our preference: Short positions below 1.323 with targets @ 1.314 & 1.31 in extension. Alternative scenario: Above 1.323 look for further upside with 1.327 & 1.33 as targets. Comment: as long as 1.323 is resistance, likely decline to 1.314. Key levels 1.33 1.327 1.323 1.3182 last 1.314 1.31 1.3065

gbpusd Pivot: 1.617 Our preference: Short positions below 1.617 with targets @ 1.608 & 1.604 in extension. Alternative scenario: Above 1.617 look for further upside with 1.621 & 1.624 as targets. Comment: as long as 1.617 is resistance, look for choppy price action with a bearish bias. Key levels 1.624 1.621 1.617 1.6124 last 1.608 1.604 1.6

usdjpy Pivot: 84.85 Our preference: Long positions above 84.85 with targets @ 85.35 & 85.7 in extension. Alternative scenario: Below 84.85 look for further downside with 84.65 & 84.4 as targets. Comment: the next resistances are at 85.35 and then at 85.7. Key levels 86 85.7 85.35 85.244 last 84.85 84.65 84.4

eurjpy Pivot: 111.9 Our preference: Long positions above 111.9 with targets @ 112.45 & 112.75 in extension. Alternative scenario: Below 111.9 look for further downside with 111.6 & 111.25 as targets. Comment: the next resistances are at 112.45 and then at 112.75. Key levels 112.95 112.75 112.45 112.392 last 111.9 111.6 111.25

gold Pivot: 1652.00 Our preference: LONG positions above 1652 with targets @ 1669 & 1679. Alternative scenario: The downside penetration of 1652 will call for a slide towards 1645 & 1635. Comment: intraday technical indicators are mixed and call for caution. Trend: ST Ltd downside; MT Range Key levels Comment 1690** Fib retracement (61.8%) 1679** Fib retracement (50%) 1669* Fib retracement (38.2%) 1654.71 Last 1652*** Intraday pivot point 1645* Intraday support 1635** Intraday support

nzdusd Pivot: 0.824 Our preference: Short positions below 0.824 with targets @ 0.8195 & 0.817 in extension. Alternative scenario: Above 0.824 look for further upside with 0.8265 & 0.829 as targets. Comment: a break below 0.8195 would trigger a drop towards 0.817. Key levels 0.829 0.8265 0.824 0.821 last 0.8195 0.817 0.815

audusd Pivot: 1.039 Our preference: Short positions below 1.039 with targets @ 1.033 & 1.03 in extension. Alternative scenario: Above 1.039 look for further upside with 1.042 & 1.0445 as targets. Comment: as long as 1.039 is resistance, likely decline to 1.033. Key levels 1.0445 1.042 1.039 1.0361 last 1.033 1.03 1.0285

TECHNICAL ANALYSIS 24/12/2012

eurusd Pivot: 1.3230. Our preference: SHORT positions below 1.323 with 1.314 & 1.31 in sight. Alternative scenario: The upside breakout of 1.323 will open the way to 1.327 & 1.33. Comment: the RSI lacks upward momentum. Trend: ST Ltd Upside; MT Range Key levels Comment 1.33*** Intraday resistance 1.327* Intraday resistance 1.323*** Intraday pivot point 1.318 Last 1.314** Fib retracement (38.2%) 1.31** Fib retracement (50%) 1.3065* Intraday support

gbpusd Pivot: 1.6190. Our preference: SHORT positions below 1.619 with 1.613 & 1.6105 as next targets. Alternative scenario: The upside breakout of 1.619 will open the way to 1.622 & 1.624. Comment: the break below 1.619 is a negative signal that has opened a path to 1.613. Trend: ST Ltd Upside; MT Range Key levels Comment 1.624*** Fib retracement (61.8%) 1.622* Fib retracement (50%) 1.619*** Intraday pivot point 1.617 Last 1.613* Intraday support 1.6105** Intraday support 1.608** Intraday support

usdjpy Pivot: 84.20. Our preference: LONG positions above 84.2 with targets @ 84.6 & 84.9. Alternative scenario: The downside penetration of 84.2 will call for 83.85 & 83.6. Comment: the break above 84.2 is a positive signal that has opened a path to 84.9. Trend: ST Ltd Upside; MT Range Key levels Comment 85.1** Fib projection 84.9** Fib projection 84.6* Intraday resistance 84.36 Last 84.2*** Intraday pivot point 83.85** Intraday support 83.6** Intraday support __________________

eurjpy Pivot: 111.45 Our preference: Short positions below 111.45 with targets @ 110.65 & 110.3 in extension. Alternative scenario: Above 111.45 look for further upside with 111.8 & 112.15 as targets. Comment: as long as 111.45 is resistance, look for choppy price action with a bearish bias. Key levels 112.15 111.8 111.45 111.226 last 110.65 110.3 109.9

gold Pivot: 1661.00 Our preference: SHORT positions below 1661 with 1635 & 1625 as next targets. Alternative scenario: The upside breakout of 1661 will open the way to 1676 & 1686. Comment: as long as 1661 is resistance, look for choppy price action with a bearish bias. Trend: ST Ltd downside; MT Range Key levels Comment 1686** Intraday resistance 1676** Intraday resistance 1661*** Intraday pivot point 1659.8 Last 1635** Intraday support 1625** Intraday support 1610** Intraday support

nzdusd Pivot: 0.826 Our preference: Short positions below 0.826 with targets @ 0.8195 & 0.817 in extension. Alternative scenario: Above 0.826 look for further upside with 0.829 & 0.831 as targets. Comment: as long as 0.826 is resistance, look for choppy price action with a bearish bias. Key levels 0.831 0.829 0.826 0.8226 last 0.8195 0.817 0.815

audusd Pivot: 1.0425 Our preference: Short positions below 1.0425 with targets @ 1.0385 & 1.037 in extension. Alternative scenario: Above 1.0425 look for further upside with 1.0445 & 1.046 as targets. Comment: a break below 1.0385 would trigger a drop towards 1.037. Key levels 1.046 1.0445 1.0425 1.04121 last 1.0385 1.037 1.0355

TECHNICAL ANALYSIS 21/12/2012

eurusd Pivot: 1.3185. Our preference: LONG positions @ 1.3195 with 1.323 & 1.327 as next targets. Alternative scenario: The downside breakout of 1.3185 will open the way to 1.314 & 1.31. Comment: the pair is rebounding on its support and should post further advance as the RSI is well directed. Trend: ST Ltd Upside; MT Range Key levels Comment 1.33*** Intraday resistance 1.327** Intraday resistance 1.323*** Intraday resistance 1.3205 Last 1.3185*** Intraday pivot point 1.314*** Intraday support 1.31*** Intraday support

gbpusd Pivot: 1.6240. Our preference: LONG positions above 1.624 with 1.627 & 1.63 as next targets. Alternative scenario: The downside penetration of 1.624 will call for 1.621 & 1.619. Comment: the pair stands above its support and should post a rebound. Trend: ST Ltd Upside; MT Range Key levels Comment 1.634** Intraday resistance 1.63*** Intraday resistance 1.627*** Intraday resistance 1.6248 Last 1.624*** Intraday pivot point 1.621** Intraday support 1.619*** Intraday support

usdjpy Pivot: 83.85. Our preference: LONG positions above 83.85 with 84.2 & 84.55 as next targets. Alternative scenario: The downside penetration of 83.85 will call for a slide towards 83.6 & 83.3. Comment: the pair is rebounding on its support. Trend: ST Ltd Upside; MT Range Key levels Comment 84.7** Intraday resistance 84.55** Intraday resistance 84.2*** Intraday resistance 84.09 Last 83.85** Intraday pivot point 83.6*** Intraday support 83.3*** Intraday support

Eurjpy Pivot: 111.45 Our preference: Short @ 111.38 with targets @ 110.3 & 109.9 in extension. Alternative scenario: Above 111.45 look for further upside with 111.8 & 112.15 as targets. Comment: the pair is rebounding but stands below its resistance. Key levels 112.15 111.8 111.45 110.944 last 110.3 109.9 109.45

gold pivot: 1661.00 Our preference: SHORT positions below 1661 with targets @ 1635 & 1625. Alternative scenario: The upside penetration of 1661 will call for a rebound towards 1676 & 1686. Comment: as long as 1661 is resistance, look for choppy price action with a bearish bias. Trend: ST Bullish; MT Bullish Key levels Comment 1686** Intraday resistance 1676** Intraday resistance 1661*** Intraday pivot point 1644.9 Last 1635** Intraday support 1625** Intraday support 1610** Intraday support

nzdusd Pivot: 0.834 Our preference: Short positions below 0.834 with targets @ 0.8285 & 0.826 in extension. Alternative scenario: Above 0.834 look for further upside with 0.8365 & 0.8395 as targets. Comment: the RSI is mixed to bearish. Key levels 0.8395 0.8365 0.834 0.83024 last 0.8285 0.826 0.823

audusd Pivot: 1.048 Our preference: Short positions below 1.048 with targets @ 1.043 & 1.041 in extension. Alternative scenario: Above 1.048 look for further upside with 1.0505 & 1.0525 as targets. Comment: as long as 1.048 is resistance, look for choppy price action with a bearish bias. Key levels 1.0525 1.0505 1.048 1.04505 last 1.043 1.041 1.04

TECHNICAL ANALYSIS 20/12/2012

eurusd Pivot: 1.3185. Our preference: LONG positions @ 1.3195 with targets @ 1.3255 & 1.33. Alternative scenario: The downside penetration of 1.3185 will call for 1.314 & 1.31. Comment: the pair stands above its new support and should post a rebound. Trend: ST Ltd Upside; MT Range Key levels Comment 1.332** Intraday resistance 1.33*** Intraday resistance 1.3255*** Intraday resistance 1.3212 Last 1.3185*** Intraday pivot point 1.314** Intraday support 1.31*** Intraday support

gbpusd Pivot: 1.6240. Our preference: LONG positions @ 1.625 with 1.628 & 1.63 as next targets. Alternative scenario: The downside penetration of 1.624 will call for 1.621 & 1.619. Comment: the pair stands above its support and remains on the upside. Trend: ST Ltd Upside; MT Range Key levels Comment 1.634** Intraday resistance 1.63*** Intraday resistance 1.628** Intraday resistance 1.6251 Last 1.624** Intraday pivot point 1.621** Intraday support 1.619*** Intraday support

usdjpy Pivot: 83.90. Our preference: LONG positions above 83.9 with targets @ 84.2 & 84.55. Alternative scenario: The downside penetration of 83.9 will call for 83.6 & 83.3. Comment: the pair is challenging a bullish channel lower boundary. Trend: ST Ltd Upside; MT Range Key levels Comment 84.7** Intraday resistance 84.55** Intraday resistance 84.2*** Intraday resistance 84.02 Last 83.9** Intraday pivot point 83.6*** Intraday support 83.3*** Intraday support

gold Pivot: 1687.00 Our preference: SHORT positions below 1687 with 1660 & 1651 in sight. Alternative scenario: The upside breakout of 1687 will open the way to 1703 & 1710. Comment: a break below 1660 would trigger a drop towards 1651. Trend: ST Bullish; MT Bullish Key levels Comment 1710** Intraday resistance 1703** Intraday resistance 1687*** Intraday pivot point 1667.8 Last 1660*** Intraday support 1651** Intraday support 1645** Intraday support

nzdusd Pivot: 0.8395 Our preference: Short positions below 0.8395 with targets @ 0.832 & 0.83 in extension. Alternative scenario: Above 0.8395 look for further upside with 0.8425 & 0.844 as targets. Comment: the pair stands below its resistance and remains under pressure. Key levels 0.844 0.8425 0.8395 0.83578 last 0.832 0.83 0.828

TECHNICAL ANALYSIS 18/12/2012

eurusd Pivot: 1.3140. Our preference: LONG positions @ 1.315 with 1.3185 & 1.321 in sight. Alternative scenario: The downside breakout of 1.314 will open the way to 1.3125 & 1.31. Comment: the pair remains on the upside and is approaching its previous high. Trend: ST Ltd Downside; MT Range Key levels Comment 1.3255** Intraday resistance 1.321** Intraday resistance 1.3185*** Intraday resistance 1.3172 Last 1.314*** Intraday pivot point 1.3125** Intraday support 1.31*** Intraday support __________________

gbpusd Pivot: 1.6190. Our preference: LONG positions above 1.619 with 1.622 & 1.624 in sight. Alternative scenario: The downside penetration of 1.619 will call for a slide towards 1.6175 & 1.615. Comment: the pair has rebounded on its new support and is approaching its previous high. Trend: ST Ltd Downside; MT Range Key levels Comment 1.6255** Intraday resistance 1.624** Intraday resistance 1.622*** Intraday resistance 1.6214 Last 1.619** Intraday pivot point 1.6175** Intraday support 1.615*** Intraday support

usdjpy Pivot: 84.20. Our preference: SHORT positions below 84.2 with targets @ 83.6 & 83.4. Alternative scenario: The upside penetration of 84.2 will call for 84.4 & 84.7. Comment: the pair is rebounding but stands below its previous high. Trend: ST Consolidation; MT Bullish Key levels Comment 84.7** Intraday resistance 84.4** Intraday resistance 84.2*** Intraday pivot point 84 Last 83.6*** Intraday support 83.4** Intraday support 83.2*** Intraday support

eurjpy Pivot: 110.3 Our preference: Long positions above 110.3 with targets @ 110.9 & 111.5 in extension. Alternative scenario: Below 110.3 look for further downside with 109.85 & 109.4 as targets. Comment: the pair has validated a bullish flag and remains on the upside. Key levels 111.85 111.5 110.9 110.66 last 110.3 109.85 109.4

gold Pivot: 1686.00 Our preference: LONG positions above 1686 with 1712 & 1722 as next targets. Alternative scenario: The downside penetration of 1686 will call for 1678 & 1672. Comment: the RSI broke above a bearish trend line. Trend: ST Bullish; MT Bullish Key levels Comment 1731** Intraday resistance 1722** Previous high 1712** Intraday resistance 1702.2 Last 1686** Intraday pivot point 1678** Intraday support 1672** Horizontal support

audusd Pivot: 1.0565 Our preference: Short positions below 1.0565 with targets @ 1.0505 & 1.048 in extension. Alternative scenario: Above 1.0565 look for further upside with 1.0585 & 1.06 as targets. Comment: as long as 1.0565 is resistance, look for choppy price action with a bearish bias. Key levels 1.06 1.0585 1.0565 1.05349 last 1.0505 1.048 1.0455