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