TECHNICAL ANALYSIS 30/11/2012

eurusd Pivot: 1.2960. Our preference: LONG positions @ 1.297 with 1.301 & 1.3035 as next targets. Alternative scenario: The downside penetration of 1.296 will call for a slide towards 1.2935 & 1.291. Comment: the pair remains on the upside and is challenging its resistance. Trend: ST Ltd Downside; MT Range Key levels Comment 1.306** Intraday resistance 1.3035** Intraday resistance 1.301*** Intraday resistance 1.2995 Last 1.296** Intraday pivot point 1.2935*** Intraday support 1.291*** Intraday support

gbpusd Pivot: 1.6020. Our preference: LONG positions @ 1.603 with 1.605 & 1.6065 as next targets. Alternative scenario: The downside penetration of 1.602 will call for 1.599 & 1.5955. Comment: the pair is on the upside and is challenging its resistance. Trend: ST Ltd Downside; MT Range Key levels Comment 1.608** Intraday resistance 1.6065*** Intraday resistance 1.605** Intraday resistance 1.6044 Last 1.602*** Intraday pivot point 1.599** Intraday support 1.5955*** Intraday support

usdjpy Pivot: 82.00. Our preference: LONG positions above 82 with targets @ 82.6 & 82.85. Alternative scenario: The downside breakout of 82 will open the way to 81.65 & 81.4. Comment: the pair remains on the upside and is challenging its new resistance. Trend: ST Ltd Upside; MT Range Key levels Comment 83.3** Intraday resistance 82.85*** Intraday resistance 82.6*** Intraday resistance 82.35 Last 82*** Intraday pivot point 81.65*** Intraday support 81.4** Intraday support __________________

eurjpy Pivot: 106.6 Our preference: Long @ 106.67 with targets @ 107.3 & 107.6 in extension. Alternative scenario: Below 106.6 look for further downside with 106.1 & 105.8 as targets. Comment: the pair is on the upside and is challenging its previous high. Key levels 107.95 107.6 107.3 107.089 last 106.6 106.1 105.8

gold Pivot: 1722.00 Our preference: LONG positions above 1722 with 1736 & 1745 in sight. Alternative scenario: The downside penetration of 1722 will call for 1717 & 1706. Comment: the RSI is mixed with a bullish bias. Trend: ST Bullish; MT Ltd upside Key levels Comment 1752** Intraday resistance 1745** Intraday resistance 1736** Fib retracement (61.8%) 1729.5 Last 1722** Intraday pivot point 1717** Previous low 1706*** Intraday support

nzdusd Pivot: 0.821 Our preference: Long positions above 0.821 with targets @ 0.827 & 0.829 in extension. Alternative scenario: Below 0.821 look for further downside with 0.8185 & 0.8165 as targets. Comment: a support base at 0.821 has formed and has allowed for a temporary stabilisation. Key levels 0.8305 0.829 0.827 0.8225 last 0.821 0.8185 0.8165

audusd Pivot: 1.0445 Our preference: Short positions below 1.0445 with targets @ 1.0395 & 1.0365 in extension. Alternative scenario: Above 1.0445 look for further upside with 1.0465 & 1.049 as targets. Comment: as long as 1.0445 is resistance, likely decline to 1.0395. Key levels 1.049 1.0465 1.0445 1.04305 last 1.0395 1.0365 1.0335

TECHNICAL ANALYSIS 29/11/2012

eurusd Pivot: 1.2915 Our preference: Long positions above 1.2915 with targets @ 1.297 & 1.3 in extension. Alternative scenario: Below 1.2915 look for further downside with 1.288 & 1.2835 as targets. Comment: the next resistances are at 1.297 and then at 1.3. Key levels 1.3035 1.3 1.297 1.29498 last 1.2915 1.288 1.2835

gbpusd Pivot: 1.599 Our preference: Long positions above 1.599 with targets @ 1.603 & 1.605 in extension. Alternative scenario: Below 1.599 look for further downside with 1.5955 & 1.592 as targets. Comment: technically, the RSI is above its neutrality area at 50. Key levels 1.6065 1.605 1.603 1.6013 last 1.599 1.5955 1.592

usdjpy Pivot: 81.9 Our preference: Long positions above 81.9 with targets @ 82.3 & 82.6 in extension. Alternative scenario: Below 81.9 look for further downside with 81.65 & 81.4 as targets. Comment: the RSI lacks downward momentum. Key levels 82.85 82.6 82.3 82.082 last 81.9 81.65 81.4 _______

eurjpy Pivot: 105.8 Our preference: Long positions above 105.8 with targets @ 107.15 & 107.55 in extension. Alternative scenario: Below 105.8 look for further downside with 105.2 & 104.5 as targets. Comment: the RSI is bullish and calls for further upside. Key levels 107.9 107.55 107.15 106.313 last 105.8 105.2 104.5

gold Pivot: 1730.00 Our preference: SHORT positions below 1730 with 1706 & 1690 in sight. Alternative scenario: The upside breakout of 1730 will open the way to 1737 & 1745. Comment: the immediate trend remains down and the momentum is strong. Trend: ST Bullish; MT Ltd upside Key levels Comment 1745** Intraday resistance 1737** Intraday resistance 1730** Intraday pivot point 1720.2 Last 1706*** Previous low 1690** Fib retracement (78.6%) 1673** Intraday support

nzdusd Pivot: 0.821 Our preference: Long positions above 0.821 with targets @ 0.825 & 0.8275 in extension. Alternative scenario: Below 0.821 look for further downside with 0.8185 & 0.8165 as targets. Comment: the RSI is bullish and calls for further upside. Key levels 0.829 0.8275 0.825 0.8242 last 0.821 0.8185 0.8165

audusd Pivot: 1.042 Our preference: Long positions above 1.042 with targets @ 1.049 & 1.052 in extension. Alternative scenario: Below 1.042 look for further downside with 1.0395 & 1.037 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Key levels 1.056 1.052 1.049 1.0463 last 1.042 1.0395 1.037

TECHNICAL ANALYSIS 28/11/2012

eurusd Pivot: 1.2975 Our preference: Short positions below 1.2975 with targets @ 1.2895 & 1.2865 in extension. Alternative scenario: Above 1.2975 look for further upside with 1.2995 & 1.3015 as targets. Comment: technically, the RSI is below its neutrality area at 50. Key levels 1.3015 1.2995 1.2975 1.2932 last 1.2895 1.2865 1.2835

gbpusd Pivot: 1.6 Our preference: Long positions above 1.6 with targets @ 1.605 & 1.608 in extension. Alternative scenario: Below 1.6 look for further downside with 1.5975 & 1.595 as targets. Comment: a support base at 1.6 has formed and has allowed for a temporary stabilisation. Key levels 1.612 1.608 1.605 1.601 last 1.6 1.5975 1.595

usdjpy Pivot: 82.25 Our preference: Short positions below 82.25 with targets @ 81.55 & 81.25 in extension. Alternative scenario: Above 82.25 look for further upside with 82.6 & 82.85 as targets. Comment: the RSI is bearish and calls for further decline. Key levels 82.85 82.6 82.25 81.857 last 81.55 81.25 80.9

eurjpy Pivot: 106.55 Our preference: Short positions below 106.55 with targets @ 105.7 & 105 in extension. Alternative scenario: Above 106.55 look for further upside with 107.15 & 107.9 as targets. Comment: the RSI is bearish and calls for further decline. Key levels 107.9 107.15 106.55 105.83 last 105.7 105 104.05

gold Pivot: 1735.00 Our preference: LONG positions above 1735 with 1754 & 1765 in sight. Alternative scenario: The downside breakout of 1735 will open the way to 1728 & 1722. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Trend: ST Bullish; MT Ltd upside Key levels Comment 1773** Intraday resistance 1765** Intraday resistance 1754** Intraday resistance 1741.3 Last 1735** Intraday pivot point 1728** Intraday support 1722** Intraday support

nzdusd Pivot: 0.822 Our preference: Short positions below 0.822 with targets @ 0.8185 & 0.8165 in extension. Alternative scenario: Above 0.822 look for further upside with 0.825 & 0.8265 as targets. Comment: the pair is breaking below its support and should face further weakness. Key levels 0.8265 0.825 0.822 0.8209 last 0.8185 0.8165 0.813

audusd Pivot: 1.049 Our preference: Short positions below 1.049 with targets @ 1.0415 & 1.0395 in extension. Alternative scenario: Above 1.049 look for further upside with 1.052 & 1.054 as targets. Comment: the RSI lacks upward momentum. Key levels 1.054 1.052 1.049 1.04499 last 1.0415 1.0395 1.037

TECHNICAL ANALYSIS 27/11/2012

eurusd Pivot: 1.294 Our preference: Long positions above 1.294 with targets @ 1.3015 & 1.3035 in extension. Alternative scenario: Below 1.294 look for further downside with 1.2895 & 1.2865 as targets. Comment: the RSI is around its neutrality area at 50% Key levels 1.307 1.3035 1.3015 1.29769 last 1.294 1.2895 1.2865 _______

gbpusd Pivot: 1.6 Our preference: Long positions above 1.6 with targets @ 1.605 & 1.608 in extension. Alternative scenario: Below 1.6 look for further downside with 1.5975 & 1.595 as targets. Comment: the next resistances are at 1.605 and then at 1.608. Key levels 1.612 1.608 1.605 1.6031 last 1.6 1.5975 1.595

usdjpy Pivot: 82.2 Our preference: Short positions below 82.2 with targets @ 81.75 & 81.55 in extension. Alternative scenario: Above 82.2 look for further upside with 82.4 & 82.6 as targets. Comment: as long as the resistance at 82.2 is not surpassed, the risk of the break below 81.75 remains high. Key levels 82.6 82.4 82.2 81.966 last 81.75 81.55 81.3

eurjpy Pivot: 105.7 Our preference: Long positions above 105.7 with targets @ 107.3 & 107.9 in extension. Alternative scenario: Below 105.7 look for further downside with 105 & 104.5 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Key levels 108.65 107.9 107.3 106.417 last 105.7 105 104.5

gold Pivot: 1735.00 Our preference: LONG positions above 1735 with 1757 & 1765 in sight. Alternative scenario: The downside penetration of 1735 will call for 1728 & 1722. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Trend: ST Bullish; MT Ltd upside Key levels Comment 1773** Intraday resistance 1765** Intraday resistance 1757** Intraday resistance 1749.49 Last 1735** Intraday pivot point 1728** Intraday support 1722** Intraday support

nzdusd Pivot: 0.82 Our preference: Long positions above 0.82 with targets @ 0.825 & 0.8265 in extension. Alternative scenario: Below 0.82 look for further downside with 0.8165 & 0.813 as targets. Comment: the RSI broke above a bearish trend line. Key levels 0.829 0.8265 0.825 0.8218 last 0.82 0.8165 0.813

audusd Pivot: 1.0435 Our preference: Long positions above 1.0435 with targets @ 1.052 & 1.054 in extension. Alternative scenario: Below 1.0435 look for further downside with 1.0415 & 1.039 as targets. Comment: technically, the RSI is above its neutrality area at 50. Key levels 1.058 1.054 1.052 1.0476 last 1.0435 1.0415 1.039

TECHNICAL ANALYSIS 26/11/2012

EURUSD Pivot: 1.2895 Our preference: Long positions above 1.2895 with targets @ 1.3015 & 1.3035 in extension. Alternative scenario: Below 1.2895 look for further downside with 1.2865 & 1.284 as targets. Comment: technically, the RSI is above its neutrality area at 50. Key levels 1.308 1.3035 1.3015 1.29597 last 1.2895 1.2865 1.284

GBPUSD Pivot: 1.5975 Our preference: Long positions above 1.5975 with targets @ 1.608 & 1.612 in extension. Alternative scenario: Below 1.5975 look for further downside with 1.5925 & 1.5895 as targets. Comment: the RSI lacks downward momentum. Key levels 1.614 1.612 1.608 1.6027 last 1.5975 1.5925 1.5895

USDJPY Pivot: 82.6 Our preference: Short positions below 82.6 with targets @ 82 & 81.75 in extension. Alternative scenario: Above 82.6 look for further upside with 82.85 & 83 as targets. Comment: the RSI is badly directed. Key levels 83 82.85 82.6 82.26 last 82 81.75 81.55

EURJPY Pivot: 105.7 Our preference: Long positions above 105.7 with targets @ 107.3 & 107.9 in extension. Alternative scenario: Below 105.7 look for further downside with 105 & 104.5 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Key levels 108.65 107.9 107.3 106.56 last 105.7 105 104.5

GOLD Pivot: 1735.00 Our preference: LONG positions above 1735 with 1755 & 1765 in sight. Alternative scenario: The downside penetration of 1735 will call for 1728 & 1722. Comment: the RSI is supported by a rising trend line. Trend: ST Bullish; MT Ltd upside Key levels Comment 1773** Intraday resistance 1765** Intraday resistance 1755** Intraday resistance 1747.7 Last 1735** Intraday pivot point 1728** Intraday support 1722** Intraday support

NZDUSD Pivot: 0.82 Our preference: Long positions above 0.82 with targets @ 0.8265 & 0.829 in extension. Alternative scenario: Below 0.82 look for further downside with 0.8165 & 0.813 as targets. Comment: the next resistances are at 0.8265 and then at 0.829. Key levels 0.831 0.829 0.8265 0.8237 last 0.82 0.8165 0.813

AUDUSD Pivot: 1.0415 Our preference: Long positions above 1.0415 with targets @ 1.049 & 1.052 in extension. Alternative scenario: Below 1.0415 look for further downside with 1.037 & 1.035 as targets. Comment: the next resistances are at 1.049 and then at 1.052. Key levels 1.054 1.052 1.049 1.0455 last 1.0415 1.037 1.035

TECHNICAL ANALYSIS 23/11/2012

eurusd Pivot: 1.2840. Our preference: LONG positions @ 1.285 with targets @ 1.29 & 1.292. Alternative scenario: The downside penetration of 1.284 will call for a slide towards 1.*** & 1.2795. Comment: the pair remains on the upside and is challenging its previous high. Trend: ST Ltd Downside; MT Range Key levels Comment 1.295** Intraday resistance 1.292** Intraday resistance 1.29*** Intraday resistance 1.2887 Last 1.284** Intraday pivot point 1.****** Intraday support 1.2795*** Intraday support

gbpusd Pivot: 1.5955. Our preference: SHORT positions below 1.5955 with 1.5915 & 1.5895 as next targets. Alternative scenario: The upside penetration of 1.5955 will call for 1.598 & 1.6. Comment: the pair is rebounding but stands below its resistance. Trend: ST Ltd Downside; MT Range Key levels Comment 1.6** Intraday resistance 1.598*** Intraday resistance 1.5955** Intraday pivot point 1.595 Last 1.5915*** Intraday support 1.5895** Intraday support 1.588*** Intraday support

usdjpy Pivot: 82.60. Our preference: SHORT positions below 82.6 with 82.1 & 81.75 in sight. Alternative scenario: The upside breakout of 82.6 will open the way to 82.85 & 83. Comment: the pair is breaking below its support and remains under pressure. Trend: ST Ltd Upside; MT Range Key levels Comment 83** Intraday resistance 82.85*** Intraday resistance 82.6*** Intraday pivot point 82.25 Last 82.1** Intraday support 81.75** Intraday support 81.55*** Intraday support

eurjpy Pivot: 105.6 Our preference: Long @ 105.68 with targets @ 106.6 & 107.3 in extension. Alternative scenario: Below 105.6 look for further downside with 104.95 & 104.5 as targets. Comment: a support base at 105.6 has formed and has allowed for a temporary stabilisation. Key levels 107.9 107.3 106.6 106 last 105.6 104.95 104.5

gold Pivot: 1722.00 Our preference: LONG positions above 1722 with 1735 & 1743 in sight. Alternative scenario: The downside penetration of 1722 will call for a slide towards 1718 & 1711. Comment: the RSI calls for a bounce. Trend: ST Bullish; MT Ltd upside Key levels Comment 1749** Fib retracement (61.8%) 1743** Intraday resistance 1735** Previous high 1731 Last 1722** Intraday pivot point 1718** Intraday support 1711** Intraday support

nzdusd Pivot: 0.814 Our preference: Long positions above 0.814 with targets @ 0.8205 & 0.8225 in extension. Alternative scenario: Below 0.814 look for further downside with 0.8105 & 0.8075 as targets. Comment: the RSI calls for a new upleg. Key levels 0.825 0.8225 0.8205 0.81722 last 0.814 0.8105 0.8075

audusd Pivot: 1.037 Our preference: Long positions above 1.037 with targets @ 1.0425 & 1.0445 in extension. Alternative scenario: Below 1.037 look for further downside with 1.035 & 1.0335 as targets. Comment: the RSI is bullish and calls for further upside. Key levels 1.046 1.0445 1.0425 1.0406 last 1.037 1.035 1.0335

TECHNICAL ANALYSIS 20/11/2012

eurusd Pivot: 1.276 Our preference: Long positions above 1.276 with targets @ 1.2825 & 1.2875 in extension. Alternative scenario: Below 1.276 look for further downside with 1.272 & 1.269 as targets. Comment: the next resistances are at 1.2825 and then at 1.2875. Key levels 1.292 1.2875 1.2825 1.28034 last 1.276 1.272 1.269

gbpusd Pivot: 1.589 Our preference: Long positions above 1.589 with targets @ 1.5925 & 1.595 in extension. Alternative scenario: Below 1.589 look for further downside with 1.5875 & 1.5855 as targets. Comment: the RSI has just broken above a former negative trendline. Key levels 1.5965 1.595 1.5925 1.5913 last 1.589 1.5875 1.5855

usdjpy Pivot: 80.85 Our preference: Long positions above 80.85 with targets @ 81.6 & 81.9 in extension. Alternative scenario: Below 80.85 look for further downside with 80.65 & 80.3 as targets. Comment: the next resistances are at 81.6 and then at 81.9. Key levels 82.25 81.9 81.6 81.256 last 80.85 80.65 80.3

eurjpy Pivot: 103.75 Our preference: Long positions above 103.75 with targets @ 104.4 & 104.6 in extension. Alternative scenario: Below 103.75 look for further downside with 103.45 & 103 as targets. Comment: technically, the RSI is above its neutrality area at 50. Key levels 105.2 104.6 104.4 104.02 last 103.75 103.45 103

gold Pivot: 1727.30 Our preference: LONG positions above 1727.3 with targets @ 1738 & 1749. Alternative scenario: The downside breakout of 1727.3 will open the way to 1720 & 1711. Comment: the RSI calls for a rebound. Trend: ST Bullish; MT Ltd upside Key levels Comment 1755** Intraday resistance 1749** Fib retracement (61.8%) 1738** Horizontal resistance 1734.48 Last 1727.3** Intraday pivot point 1720** Intraday support 1711*** Intraday support

nzdusd Pivot: 0.815 Our preference: Long positions above 0.815 with targets @ 0.8205 & 0.8225 in extension. Alternative scenario: Below 0.815 look for further downside with 0.813 & 0.81 as targets. Comment: the next resistances are at 0.8205 and then at 0.8225. Key levels 0.824 0.8225 0.8205 0.81844 last 0.815 0.813 0.81

audusd Pivot: 1.039 Our preference: Long positions above 1.039 with targets @ 1.0445 & 1.0465 in extension. Alternative scenario: Below 1.039 look for further downside with 1.0355 & 1.0305 as targets. Comment: technically, the RSI is above its neutrality area at 50. Key levels 1.048 1.0465 1.0445 1.0412 last 1.039 1.0355 1.0305

TECHNICAL ANALYSIS 19/11/2012

eurusd Pivot: 1.272 Our preference: Long positions above 1.272 with targets @ 1.28 & 1.2825 in extension. Alternative scenario: Below 1.272 look for further downside with 1.269 & 1.267 as targets. Comment: the RSI calls for a new upleg. Key levels 1.2875 1.2825 1.28 1.27655 last 1.272 1.269 1.267

gbpusd Pivot: 1.5875 Our preference: Long positions above 1.5875 with targets @ 1.595 & 1.5965 in extension. Alternative scenario: Below 1.5875 look for further downside with 1.5855 & 1.5835 as targets. Comment: the RSI is bullish and calls for further advance. Key levels 1.6 1.5965 1.595 1.5917 last 1.5875 1.5855 1.5835

usdjpy Pivot: 80.85 Our preference: Long positions above 80.85 with targets @ 81.7 & 81.9 in extension. Alternative scenario: Below 80.85 look for further downside with 80.65 & 80.3 as targets. Comment: a support base at 80.85 has formed and has allowed for a temporary stabilisation. Key levels 82.25 81.9 81.7 81.247 last 80.85 80.65 80.3

eurjpy Pivot: 103 Our preference: Long positions above 103 with targets @ 104.4 & 104.6 in extension. Alternative scenario: Below 103 look for further downside with 102.4 & 101.9 as targets. Comment: the RSI is supported by a bullish trend line. Key levels 105 104.6 104.4 103.705 last 103 102.4 101.9

gold Pivot: 1711.00 Our preference: LONG positions above 1711 with 1733 & 1738 as next targets. Alternative scenario: The downside penetration of 1711 will call for 1705 & 1697. Comment: the RSI is supported by a bullish trend line. Trend: ST Bullish; MT Ltd upside Key levels Comment 1746** Intraday resistance 1738** Intraday resistance 1733** Previous high 1722.3 Last 1711*** Intraday pivot point 1705** Previous low 1697** Fib retracement (61.8%)

nzdusd Pivot: 0.81 Our preference: Long positions above 0.81 with targets @ 0.815 & 0.8185 in extension. Alternative scenario: Below 0.81 look for further downside with 0.8075 & 0.805 as targets. Comment: the RSI is bullish and calls for further upside. Key levels 0.8205 0.8185 0.815 0.8136 last 0.81 0.8075 0.805

audusd Pivot: 1.0325 Our preference: Long positions above 1.0325 with targets @ 1.0395 & 1.042 in extension. Alternative scenario: Below 1.0325 look for further downside with 1.028 & 1.023 as targets. Comment: the RSI is bullish and calls for further advance. Key levels 1.0445 1.042 1.0395 1.03754 last 1.0325 1.028 1.023