TECHNICAL ANALYSIS 9/10/2012

EURUSD

Pivot: 1.301
Our preference: Short positions below 1.301 with targets @ 1.2935 & 1.2875 in extension.
Alternative scenario: Above 1.301 look for further upside with 1.304 & 1.307 as targets.
Comment: as long as 1.301 is resistance, likely decline to 1.2935.
Key levels
1.307
1.304
1.301
1.29832 last
1.2935
1.2875
1.2835

GBPUSD

Pivot: 1.6065
Our preference: Short positions below 1.6065 with targets @ 1.6015 & 1.5985 in extension.
Alternative scenario: Above 1.6065 look for further upside with 1.61 & 1.6125 as targets.
Comment: as long as 1.6065 is resistance, look for choppy price action with a bearish bias.
Key levels
1.6125
1.61
1.6065
1.604 last
1.6015
1.5985
1.5955

USDJPY

Pivot: 78.45
Our preference: Short positions below 78.45 with targets @ 78.05 & 77.85 in extension.
Alternative scenario: Above 78.45 look for further upside with 78.65 & 78.85 as targets.
Comment: the upward potential is likely to be limited by the resistance at 78.45.
Key levels
78.85
78.65
78.45
78.36 last
78.05
77.85
77.75

EURJPY

Pivot: 101.85
Our preference: Short positions below 101.85 with targets @ 101.2 & 100.95 in extension.
Alternative scenario: Above 101.85 look for further upside with 102.3 & 102.85 as targets.
Comment: intraday technical indicators are mixed and call for caution.
Key levels
102.85
102.3
101.85
101.81 last
101.2
100.95
100.65

GOLD

Pivot: 1766.00
Our Preference: LONG positions above 1766 with 1782 & 1788 as next targets.
Alternative scenario: The downside breakout of 1766 will open the way to 1763 & 1759.
Comment: the RSI is supported by a rising trend line.
Trend: ST Ltd upside; MT Bullish
Key levels Comment
1796** Intraday resistance
1788** Intraday resistance
1782** Intraday resistance
1779.1 Last
1766** Intraday pivot point
1763** Intraday support
1759** Intraday support

NZDUSD

Pivot: 0.82
Our preference: Long positions above 0.82 with targets @ 0.8265 & 0.8285 in extension.
Alternative scenario: Below 0.82 look for further downside with 0.818 & 0.815 as targets.
Comment: the RSI is well directed.
Key levels
0.83
0.8285
0.8265
0.8227 last
0.82
0.818
0.815

AUDUSD

Pivot: 1.018
Our preference: Long positions above 1.018 with targets @ 1.0275 & 1.032 in extension.
Alternative scenario: Below 1.018 look for further downside with 1.015 & 1.012 as targets.
Comment: the RSI is bullish and calls for further advance.
Key levels
1.035
1.032
1.0275
1.0236 last
1.018
1.015
1.012