TECHNICAL ANALYSIS 2/10/2012

EURUSD Pivot: 1.294 Our preference: Short positions below 1.294 with targets @ 1.284 & 1.28 in extension. Alternative scenario: Above 1.294 look for further upside with 1.297 & 1.2985 as targets. Comment: the bearish channel resistance maintains downward pressure. Key levels 1.2985 1.297 1.294 1.29015 last 1.284 1.28 1.275

GBPUSD Pivot: 1.616 Our preference: Short positions below 1.616 with targets @ 1.6105 & 1.607 in extension. Alternative scenario: Above 1.616 look for further upside with 1.621 & 1.6245 as targets. Comment: as long as 1.616 is resistance, look for choppy price action with a bearish bias. Key levels 1.6245 1.621 1.616 1.6135 last 1.6105 1.607 1.6025

USDJPY Pivot: 77.7 Our preference: Long positions above 77.7 with targets @ 78.2 & 78.35 in extension. Alternative scenario: Below 77.7 look for further downside with 77.35 & 77.1 as targets. Comment: the RSI broke above a declining trend line. Key levels 78.5 78.35 78.2 78.05 last 77.7 77.35 77.1

EURJPY Pivot: 100.2 Our preference: Long positions above 100.2 with targets @ 101 & 101.25 in extension. Alternative scenario: Below 100.2 look for further downside with 99.75 & 99.5 as targets. Comment: the RSI is bullish and calls for further advance. Key levels 101.65 101.25 101 100.704 last 100.2 99.75 99.5

SILVER Pivot: 34.25 Our Preference: LONG positions above 34.25 with targets @ 35.18 & 35.4. Alternative scenario: The downside penetration of 34.25 will call for 34.05 & 33.9. Comment: the RSI calls for a rebound. Trend: ST Ltd upside; MT Bullish Key levels Comment 35.85** Intraday resistance 35.4** Intraday resistance 35.18** Intraday resistance 34.775 Last 34.25** Intraday pivot point 34.05** Intraday support 33.9** Intraday support

GOLD Pivot: 1766.00 Our Preference: LONG positions above 1766 with targets @ 1791 & 1800. Alternative scenario: The downside penetration of 1766 will call for a slide towards 1759 & 1752. Comment: the RSI is supported by a rising trend line. Trend: ST Ltd upside; MT Bullish Key levels Comment 1810* Intraday resistance 1800*** Horizontal resistance 1791** Intraday resistance 1777.53 Last 1766** Intraday pivot point 1759** Intraday support 1752** Intraday support

NZDUSD Pivot: 0.8325 Our preference: Short positions below 0.8325 with targets @ 0.825 & 0.822 in extension. Alternative scenario: Above 0.8325 look for further upside with 0.8355 & 0.838 as targets. Comment: as long as 0.8325 is resistance, look for choppy price action with a bearish bias. Key levels 0.838 0.8355 0.8325 0.82841 last 0.825 0.822 0.8185

AUDUSD Pivot: 1.035 Our preference: Long positions above 1.035 with targets @ 1.0405 & 1.043 in extension. Alternative scenario: Below 1.035 look for further downside with 1.0325 & 1.027 as targets. Comment: the RSI lacks downward momentum. Key levels 1.0465 1.043 1.0405 1.03687 last 1.035 1.0325 1.027