TECHNICAL ANALYSIS 15/11/2012

eurusd Pivot: 1.2705 Our preference: Long positions above 1.2705 with targets @ 1.2775 & 1.279 in extension. Alternative scenario: Below 1.2705 look for further downside with 1.2675 & 1.2655 as targets. Comment: the RSI is mixed to bullish. Key levels 1.2825 1.279 1.2775 1.27385 last 1.2705 1.2675 1.2655

gbpusd Pivot: 1.588 Our preference: Short positions below 1.588 with targets @ 1.583 & 1.5815 in extension. Alternative scenario: Above 1.588 look for further upside with 1.5915 & 1.5965 as targets. Comment: as long as the resistance at 1.588 is not surpassed, the risk of the break below 1.583 remains high. Key levels 1.5965 1.5915 1.588 1.5852 last 1.583 1.5815 1.5775

gold Pivot: 1717.00 Our preference: LONG positions @ 1720 with targets @ 1738 & 1746. Alternative scenario: The downside penetration of 1717 will call for 1711 & 1702. Comment: intraday support around 1717 Trend: ST Bullish; MT Ltd upside Key levels Comment 1756** Intraday resistance 1746** Intraday resistance 1738** Previous high 1726.2 Last 1717** Intraday pivot point 1711** Intraday support 1702** Intraday support

nzdusd Pivot: 0.815 Our preference: Short positions below 0.815 with targets @ 0.8075 & 0.8035 in extension. Alternative scenario: Above 0.815 look for further upside with 0.8205 & 0.825 as targets. Comment: as long as 0.815 is resistance, look for choppy price action with a bearish bias. Key levels 0.825 0.8205 0.815 0.81226 last 0.8075 0.8035 0.8

audusd Pivot: 1.0395 Our preference: Short @ 1.0381 with targets @ 1.0345 & 1.0325 in extension. Alternative scenario: Above 1.0395 look for further upside with 1.0425 & 1.046 as targets. Comment: the upward potential is likely to be limited by the resistance at 1.0395. Key levels 1.046 1.0425 1.0395 1.0381 last 1.0345 1.0325 1.03

usdjpy Pivot: 80.15 Our preference: Long positions above 80.15 with targets @ 80.65 & 80.8 in extension. Alternative scenario: Below 80.15 look for further downside with 80 & 79.75 as targets. Comment: the immediate trend remains up and the momentum is strong. Key levels 80.9 80.8 80.65 80.45 last 80.15 80 79.75

eurjpy Pivot: 102.2 Our preference: Long positions above 102.2 with targets @ 103 & 103.4 in extension. Alternative scenario: Below 102.2 look for further downside with 101.75 & 101.35 as targets. Comment: the RSI calls for a new upleg. Key levels 103.8 103.4 103 102.641 last 102.2 101.75 101.35