TECHNICAL ANALYSIS 31/10/2012

eurusd Pivot: 1.292 Our preference: Long positions above 1.292 with targets @ 1.299 & 1.302 in extension. Alternative scenario: Below 1.292 look for further downside with 1.288 & 1.286 as targets. Comment: the RSI is around its neutrality area at 50% Key levels 1.305 1.302 1.299 1.29584 last 1.292 1.288 1.286

gbpusd Pivot: 1.605 Our preference: Long positions above 1.605 with targets @ 1.609 & 1.611 in extension. Alternative scenario: Below 1.605 look for further downside with 1.6035 & 1.6015 as targets. Comment: the next resistances are at 1.609 and then at 1.611. Key levels 1.614 1.611 1.609 1.608 last 1.605 1.6035 1.6015

usdjpy Pivot: 79.75 Our preference: Short positions below 79.75 with targets @ 79.3 & 79.2 in extension. Alternative scenario: Above 79.75 look for further upside with 79.9 & 80.1 as targets. Comment: as long as 79.75 is resistance, likely decline to 79.3. Key levels 80.1 79.9 79.75 79.58 last 79.3 79.2 78.95 _____

eurjpy Pivot: 102.85 Our preference: Long positions above 102.85 with targets @ 103.65 & 104 in extension. Alternative scenario: Below 102.85 look for further downside with 102.55 & 102.25 as targets. Comment: the RSI is around its neutrality area at 50% Key levels 104.4 104 103.65 103.13 last 102.85 102.55 102.25

gold Pivot: 1718.00 Our preference: SHORT positions below 1718 with targets @ 1706 & 1698. Alternative scenario: The upside penetration of 1718 will call for a rebound towards 1730 & 1735. Comment: as long as 1718 is resistance, look for choppy price action with a bearish bias. Trend: ST Consolidation; MT Ltd upside Key levels Comment 1735** Fib retracement (38.2%) 1730** Intraday resistance 1718* Intraday pivot point 1711.53 Last 1706** Intraday support 1698** Intraday support 1687** Intraday support

nzdusd Pivot: 0.8235 Our preference: Short positions below 0.8235 with targets @ 0.818 & 0.815 in extension. Alternative scenario: Above 0.8235 look for further upside with 0.8255 & 0.827 as targets. Comment: as long as 0.8235 is resistance, look for choppy price action with a bearish bias. Key levels 0.827 0.8255 0.8235 0.8216 last 0.818 0.815 0.8125

audusd Pivot: 1.034 Our preference: Long positions above 1.034 with targets @ 1.0395 & 1.0415 in extension. Alternative scenario: Below 1.034 look for further downside with 1.032 & 1.03 as targets. Comment: the next resistances are at 1.0395 and then at 1.0415. Key levels 1.043 1.0415 1.0395 1.03771 last 1.034 1.032 1.03

TECHNICAL ANALYSIS 25/10/2012

 eurusd


Pivot: 1.2945
Our preference: Long positions above 1.2945 with targets @ 1.301 & 1.3045 in extension.
Alternative scenario: Below 1.2945 look for further downside with 1.292 & 1.289 as targets.
Comment: the RSI calls for a bounce.
Key levels
1.3075
1.3045
1.301
1.29806 last
1.2945
1.292
1.289

gbpusd

pivot: 1.5985
Our preference: Long positions above 1.5985 with targets @ 1.6065 & 1.61 in extension.
Alternative scenario: Below 1.5985 look for further downside with 1.595 & 1.591 as targets.
Comment: the next resistances are at 1.6065 and then at 1.61.
Key levels
1.612
1.61
1.6065
1.6042 last
1.5985
1.595
1.591

 usdjpy


Pivot: 79.65
Our preference: Long positions above 79.65 with targets @ 80 & 80.1 in extension.
Alternative scenario: Below 79.65 look for further downside with 79.4 & 79.1 as targets.
Comment: the next resistances are at 80 and then at 80.1.
Key levels
80.35
80.1
80
79.927 last
79.65
79.4
79.1

 eurJPY

Pivot: 103.25
Our preference: Long positions above 103.25 with targets @ 104.1 & 104.45 in extension.
Alternative scenario: Below 103.25 look for further downside with 102.9 & 102.65 as targets.
Comment: the RSI is bullish and calls for further upside.
Key levels
104.75
104.45
104.1
103.766 last
103.25
102.9
102.65

 gold

Pivot: 1714.00
Our Preference: SHORT positions below 1714 with 1698 & 1688 as next targets.
Alternative scenario: The upside penetration of 1714 will call for 1723 & 1730.
Comment: as long as 1714 is resistance, look for choppy price action with a bearish bias.
Trend: ST Consolidation; MT Ltd upside
Key levels Comment
1730** Intraday resistance
1723* Intraday resistance
1714** Intraday pivot point
1706.56 Last
1698** Previous low
1688** Intraday support
1676*** Intraday support

 nzdusd

Pivot: 0.8175
Our preference: Long positions above 0.8175 with targets @ 0.824 & 0.8265 in extension.
Alternative scenario: Below 0.8175 look for further downside with 0.8155 & 0.8135 as targets.
Comment: the next resistances are at 0.824 and then at 0.8265.
Key levels
0.8285
0.8265
0.824
0.8224 last
0.8175
0.8155
0.8135

audusd

Pivot: 1.0325
Our preference: Long positions above 1.0325 with targets @ 1.039 & 1.0405 in extension.
Alternative scenario: Below 1.0325 look for further downside with 1.0295 & 1.027 as targets.
Comment: the RSI lacks downward momentum.
Key levels
1.0425
1.0405
1.039
1.03614 last
1.0325
1.0295
1.027

TECHNICAL ANALYSIS 24/10/2012

 eurusd
Pivot: 1.301
Our preference: Short positions below 1.301 with targets @ 1.2955 & 1.2935 in extension.
Alternative scenario: Above 1.301 look for further upside with 1.3045 & 1.308 as targets.
Comment: as long as the resistance at 1.301 is not surpassed, the risk of the break below 1.2955 remains high.
Key levels
1.308
1.3045
1.301
1.29838 last
1.2955
1.2935
1.2915

gbpusd

Pivot: 1.599
Our preference: Short positions below 1.599 with targets @ 1.591 & 1.588 in extension.
Alternative scenario: Above 1.599 look for further upside with 1.604 & 1.6065 as targets.
Comment: as long as 1.599 is resistance, likely decline to 1.591.
Key levels
1.6065
1.604
1.599
1.5941 last
1.591
1.588
1.582

eurjpy

Pivot: 104.2
Our preference: Short positions below 104.2 with targets @ 103.1 & 102.65 in extension.
Alternative scenario: Above 104.2 look for further upside with 104.65 & 105.2 as targets.
Comment: as long as 104.2 is resistance, expect a return to 103.1.
Key levels
105.2
104.65
104.2
103.61 last
103.1
102.65
102.3

gold

Pivot: 1714.00
Our Preference: SHORT positions below 1714 with 1699 & 1688 in sight.
Alternative scenario: The upside penetration of 1714 will call for a rebound towards 1730 & 1738.
Comment: as long as 1714 is resistance, look for choppy price action with a bearish bias.
Trend: ST Consolidation; MT Ltd upside
Key levels Comment
1738** Intraday resistance
1730** Intraday resistance
1714** Intraday pivot point
1711.15 Last
1699* Intraday support
1688** Intraday support
1676** Intraday support

nzdusd

Pivot: 0.815
Our preference: Short positions below 0.815 with targets @ 0.8075 & 0.804 in extension.
Alternative scenario: Above 0.815 look for further upside with 0.819 & 0.8205 as targets.
Comment: the upward potential is likely to be limited by the resistance at 0.815.
Key levels
0.8205
0.819
0.815
0.81283 last
0.8075
0.804
0.8025

audusd

Pivot: 1.026
Our preference: Long positions above 1.026 with targets @ 1.034 & 1.037 in extension.
Alternative scenario: Below 1.026 look for further downside with 1.023 & 1.0215 as targets.
Comment: the RSI is well directed.
Key levels
1.0405
1.037
1.034
1.03138 last
1.026
1.023
1.0215

TECHNICAL ANALYSIS 23/10/2012

EURUSD Pivot: 1.3035 Our preference: Long positions above 1.3035 with targets @ 1.308 & 1.312 in extension. Alternative scenario: Below 1.3035 look for further downside with 1.3015 & 1.299 as targets. Comment: a support base at 1.3035 has formed and has allowed for a temporary stabilisation. Key levels 1.314 1.312 1.308 1.30541 last 1.3035 1.3015 1.299 ______

GBPUSD Pivot: 1.599 Our preference: Long positions above 1.599 with targets @ 1.6065 & 1.609 in extension. Alternative scenario: Below 1.599 look for further downside with 1.597 & 1.594 as targets. Comment: a support base at 1.599 has formed and has allowed for a temporary stabilisation. Key levels 1.612 1.609 1.6065 1.6014 last 1.599 1.597 1.594

USDJPY Pivot: 79.65 Our preference: Long positions above 79.65 with targets @ 80.1 & 80.35 in extension. Alternative scenario: Below 79.65 look for further downside with 79.4 & 79.1 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Key levels 80.6 80.35 80.1 79.8 last 79.65 79.4 79.1 ____

EURJPY Pivot: 103.8 Our preference: Long positions above 103.8 with targets @ 104.65 & 105.2 in extension. Alternative scenario: Below 103.8 look for further downside with 103.6 & 103.1 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Key levels 105.8 105.2 104.65 104.19 last 103.8 103.6 103.1

GOLD Pivot: 1713.00 Our Preference: LONG positions above 1713 with targets @ 1731 & 1747. Alternative scenario: The downside breakout of 1713 will open the way to 1707 & 1688. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Trend: ST Consolidation; MT Ltd upside Key levels Comment 1753*** Horizontal resistance 1747** Intraday resistance 1731** Intraday resistance 1725.54 Last 1713** Intraday pivot point 1707** Intraday support 1688* Intraday support

NZDUSD Pivot: 0.821 Our preference: Short positions below 0.821 with targets @ 0.8135 & 0.8105 in extension. Alternative scenario: Above 0.821 look for further upside with 0.8235 & 0.8265 as targets. Comment: the RSI lacks upward momentum. Key levels 0.8265 0.8235 0.821 0.81672 last 0.8135 0.8105 0.8075

AUDUSD Pivot: 1.035 Our preference: Short positions below 1.035 with targets @ 1.0295 & 1.025 in extension. Alternative scenario: Above 1.035 look for further upside with 1.037 & 1.041 as targets. Comment: as long as the resistance at 1.035 is not surpassed, the risk of the break below 1.0295 remains high. Key levels 1.041 1.037 1.035 1.03164 last 1.0295 1.025 1.0215

TECHNICAL ANALYSIS 22/10/2012

EURUSD Pivot: 1.306 Our preference: Short positions below 1.306 with targets @ 1.299 & 1.2955 in extension. Alternative scenario: Above 1.306 look for further upside with 1.3075 & 1.312 as targets. Comment: the upward potential is likely to be limited by the resistance at 1.306. Key levels 1.312 1.3075 1.306 1.30443 last 1.299 1.2955 1.293

GBPUSD Pivot: 1.604 Our preference: Short positions below 1.604 with targets @ 1.597 & 1.594 in extension. Alternative scenario: Above 1.604 look for further upside with 1.6065 & 1.609 as targets. Comment: as long as the resistance at 1.604 is not surpassed, the risk of the break below 1.597 remains high. Key levels 1.609 1.6065 1.604 1.6015 last 1.597 1.594 1.589

USDJPY Pivot: 79.1 Our preference: Long positions above 79.1 with targets @ 79.5 & 79.7 in extension. Alternative scenario: Below 79.1 look for further downside with 78.95 & 78.8 as targets. Comment: the pair stands above its intermediary support at 79.10 and remains within a bullish channel. Key levels 79.9 79.7 79.5 79.337 last 79.1 78.95 78.8

EURJPY Pivot: 103.1 Our preference: Long positions above 103.1 with targets @ 103.8 & 104 in extension. Alternative scenario: Below 103.1 look for further downside with 102.75 & 102.3 as targets. Comment: the RSI calls for a new upleg. Key levels 104.35 104 103.8 103.47 last 103.1 102.75 102.3

GOLD Pivot: 1731.00 Our Preference: SHORT positions below 1731 with 1707 & 1688 as next targets. Alternative scenario: The upside breakout of 1731 will open the way to 1747 & 1753. Comment: the RSI lacks upward momentum. Trend: ST Consolidation; MT Ltd upside Key levels Comment 1753** Previous high 1747** Intraday resistance 1731** Intraday pivot point 1723.87 Last 1707** Intraday support 1688* Intraday support 1677** Intraday support

NZDUSD Pivot: 0.821 Our preference: Short positions below 0.821 with targets @ 0.8135 & 0.8105 in extension. Alternative scenario: Above 0.821 look for further upside with 0.8235 & 0.8265 as targets. Comment: as long as 0.821 is resistance, expect a return to 0.8135. Key levels 0.8265 0.8235 0.821 0.81753 last 0.8135 0.8105 0.8075

AUDUSD Pivot: 1.035 Our preference: Short positions below 1.035 with targets @ 1.029 & 1.025 in extension. Alternative scenario: Above 1.035 look for further upside with 1.037 & 1.041 as targets. Comment: as long as the resistance at 1.035 is not surpassed, the risk of the break below 1.029 remains high. Key levels 1.041 1.037 1.035 1.0319 last 1.029 1.025 1.0215

TECHNICAL ANALYSIS 19/10/2012

EURUSD Pivot: 1.3105 Our preference: Short positions below 1.3105 with targets @ 1.304 & 1.3015 in extension. Alternative scenario: Above 1.3105 look for further upside with 1.314 & 1.317 as targets. Comment: the RSI is capped by a bearish trend line. Key levels 1.317 1.314 1.3105 1.30718 last 1.304 1.3015 1.299

GBPUSD Pivot: 1.609 Our preference: Short positions below 1.609 with targets @ 1.602 & 1.5995 in extension. Alternative scenario: Above 1.609 look for further upside with 1.6105 & 1.6125 as targets. Comment: as long as 1.609 is resistance, look for choppy price action with a bearish bias. Key levels 1.6125 1.6105 1.609 1.606 last 1.602 1.5995 1.5970

USDJPY Pivot: 79.05 Our preference: Long positions above 79.05 with targets @ 79.5 & 79.7 in extension. Alternative scenario: Below 79.05 look for further downside with 78.95 & 78.8 as targets. Comment: the pair stands above its intermediary support at 79.05 and remains within a bullish channel. Key levels 79.9 79.7 79.5 79.35 last 79.05 78.95 78.8 _____

EURJPY Pivot: 103.1 Our preference: Long positions above 103.1 with targets @ 104 & 104.35 in extension. Alternative scenario: Below 103.1 look for further downside with 102.75 & 102.3 as targets. Comment: the RSI has just broken above a bearish trend line. Key levels 104.65 104.35 104 103.667 last 103.1 102.75 102.3

TECHNICAL ANALYSIS 18/10/2012

EURUSD Pivot: 1.3080. Our Preference: LONG positions above 1.308 with targets @ 1.314 & 1.317. Alternative scenario: The downside penetration of 1.308 will call for a slide towards 1.304 & 1.3015. Comment: the pair has struck against its previous high and is facing a pull back on its new support, caution. Trend: ST Ltd Upside; MT Range Key levels Comment 1.321** Intraday resistance 1.317** Intraday resistance 1.314*** Intraday resistance 1.3092 Last 1.308** Intraday pivot point 1.304** Intraday support 1.3015*** Intraday support

GBPUSD Pivot: 1.6115. Our Preference: LONG positions above 1.6115 with 1.6155 & 1.618 in sight. Alternative scenario: The downside penetration of 1.6115 will call for a slide towards 1.609 & 1.607. Comment: the pair is pulling back on its new support, caution. Trend: ST Ltd Upside; MT Range Key levels Comment 1.6195** Intraday resistance 1.618*** Intraday resistance 1.6155** Intraday resistance 1.6124 Last 1.6115** Intraday pivot point 1.609*** Intraday support 1.607** Intraday support

USDJPY Pivot: 78.90. Our Preference: LONG positions above 78.9 with 79.2 & 79.4 as next targets. Alternative scenario: The downside penetration of 78.9 will call for a slide towards 78.8 & 78.6. Comment: the pair stands above its new support and remains within a bullish channel. Trend: ST Ltd Downside; MT Range Key levels Comment 79.5** Intraday resistance 79.4** Intraday resistance 79.2*** Intraday resistance 79.14 Last 78.9** Intraday pivot point 78.8** Intraday support 78.6*** Intraday support

EURJPY Pivot: 103.1 Our preference: Long positions above 103.1 with targets @ 104 & 104.35 in extension. Alternative scenario: Below 103.1 look for further downside with 102.75 & 102.3 as targets. Comment: the pair remains supported by a rising trend line but the RSI lacks upward momentum. Key levels 104.65 104.35 104 103.643 last 103.1 102.75 102.3

GOLD Pivot: 1753.00 Our Preference: SHORT positions below 1753 with targets @ 1742.5 & 1738. Alternative scenario: The upside penetration of 1753 will call for 1757 & 1766. Comment: as long as 1753 is resistance, look for choppy price action with a bearish bias. Trend: ST Ltd upside; MT Bullish Key levels Comment 1766** Intraday resistance 1757** Intraday resistance 1753** Intraday pivot point 1748.78 Last 1742.5* Intraday support 1738* Intraday support 1729** Intraday support

NZDUSD Pivot: 0.818 Our preference: Long positions above 0.818 with targets @ 0.824 & 0.8265 in extension. Alternative scenario: Below 0.818 look for further downside with 0.8155 & 0.8105 as targets. Comment: the break above 0.818 is a positive signal that has opened a path to 0.824. Key levels 0.8285 0.8265 0.824 0.82066 last 0.818 0.8155 0.8105

AUDUSD Pivot: 1.0325 Our preference: Long positions above 1.0325 with targets @ 1.0405 & 1.0435 in extension. Alternative scenario: Below 1.0325 look for further downside with 1.029 & 1.025 as targets. Comment: the next resistances are at 1.0405 and then at 1.0435. Key levels 1.0475 1.0435 1.0405 1.03765 last 1.0325 1.029 1.025

TECHNICAL ANALYSIS 17/10/2012

URUSD Pivot: 1.304 Our preference: Long positions above 1.304 with targets @ 1.312 & 1.314 in extension. Alternative scenario: Below 1.304 look for further downside with 1.3015 & 1.299 as targets. Comment: the next resistances are at 1.312 and then at 1.314. Key levels 1.317 1.314 1.312 1.30969 last 1.304 1.3015 1.299 ________

GBPUSD Pivot: 1.609 Our preference: Long positions above 1.609 with targets @ 1.614 & 1.6155 in extension. Alternative scenario: Below 1.609 look for further downside with 1.607 & 1.6055 as targets. Comment: the pair stands above its new support and remains on the upside. Key levels 1.617 1.6155 1.614 1.6126 last 1.609 1.607 1.6055

USDJPY Pivot: 78.6 Our preference: Long positions above 78.6 with targets @ 79 & 79.15 in extension. Alternative scenario: Below 78.6 look for further downside with 78.45 & 78.25 as targets. Comment: intraday technical indicators are mixed and call for caution. Key levels 79.25 79.15 79 78.658 last 78.6 78.45 78.25

EURJPY Pivot: 102.55 Our preference: Long positions above 102.55 with targets @ 103.6 & 104 in extension. Alternative scenario: Below 102.55 look for further downside with 102.3 & 101.9 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Key levels 104.4 104 103.6 103.022 last 102.55 102.3 101.9

GOLD Pivot: 1738.00 Our Preference: LONG positions above 1738 with 1757 & 1766 as next targets. Alternative scenario: The downside penetration of 1738 will call for a slide towards 1729 & 1724. Comment: the RSI is supported by a rising trend line. Trend: ST Ltd upside; MT Bullish Key levels Comment 1771** Intraday resistance 1766** Intraday resistance 1757** Intraday resistance 1752.26 Last 1738* Intraday pivot point 1729** Intraday support 1724** Intraday support

NZDUSD Pivot: 0.814 Our preference: Long positions above 0.814 with targets @ 0.82 & 0.822 in extension. Alternative scenario: Below 0.814 look for further downside with 0.81 & 0.8075 as targets. Comment: the RSI lacks downward momentum. Key levels 0.824 0.822 0.82 0.8176 last 0.814 0.81 0.8075

AUDUSD Pivot: 1.0275 Our preference: Long positions above 1.0275 with targets @ 1.0335 & 1.035 in extension. Alternative scenario: Below 1.0275 look for further downside with 1.025 & 1.0235 as targets. Comment: the next resistances are at 1.0335 and then at 1.035. Key levels 1.038 1.035 1.0335 1.03106 last 1.0275 1.025 1.0235