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

TECHNICAL ANALYSIS 8/10/2012

EURUSD Pivot: 1.303 Our preference: Short positions below 1.303 with targets @ 1.294 & 1.2875 in extension. Alternative scenario: Above 1.303 look for further upside with 1.3085 & 1.3135 as targets. Comment: the RSI is bearish and calls for further downside. Key levels 1.3135 1.3085 1.303 1.299 last 1.294 1.2875 1.2835

GBPUSD Pivot: 1.6175 Our preference: Short positions below 1.6175 with targets @ 1.6065 & 1.603 in extension. Alternative scenario: Above 1.6175 look for further upside with 1.6215 & 1.6245 as targets. Comment: the RSI is bearish and calls for further decline. Key levels 1.6245 1.6215 1.6175 1.6109 last 1.6065 1.603 1.6015

USDJPY Pivot: 78.4 Our preference: Long positions above 78.4 with targets @ 78.85 & 79.2 in extension. Alternative scenario: Below 78.4 look for further downside with 78.3 & 78.05 as targets. Comment: a support base at 78.4 has formed and has allowed for a temporary stabilisation. Key levels 79.4 79.2 78.85 78.548 last 78.4 78.3 78.05

EURJPY Pivot: 101.8 Our preference: Long positions above 101.8 with targets @ 102.85 & 103.2 in extension. Alternative scenario: Below 101.8 look for further downside with 101.2 & 100.95 as targets. Comment: intraday technical indicators are mixed and call for caution. Key levels 103.6 103.2 102.85 102.056 last 101.8 101.2 100.95

GOLD Pivot: 1782.00 Our Preference: SHORT positions below 1782 with 1763 & 1759 as next targets. Alternative scenario: The upside breakout of 1782 will open the way to 1788 & 1795. Comment: the RSI is bearish and calls for further decline. Trend: ST Ltd upside; MT Bullish Key levels Comment 1795*** Previous high 1788** Horizontal resistance 1782** Intraday pivot point 1772.08 Last 1763** Intraday support 1759** Intraday support 1750** Intraday support

NZDUSD Pivot: 0.8225 Our preference: Short positions below 0.8225 with targets @ 0.815 & 0.8135 in extension. Alternative scenario: Above 0.8225 look for further upside with 0.8265 & 0.8285 as targets. Comment: as long as 0.8225 is resistance, likely decline to 0.815. Key levels 0.8285 0.8265 0.8225 0.8182 last 0.815 0.8135 0.8125

AUDUSD Pivot: 1.0235 Our preference: Short positions below 1.0235 with targets @ 1.012 & 1.008 in extension. Alternative scenario: Above 1.0235 look for further upside with 1.0275 & 1.032 as targets. Comment: as long as 1.0235 is resistance, likely decline to 1.012. Key levels 1.032 1.0275 1.0235 1.01679 last 1.012 1.008 1.0065

TECHNICAL ANALYSIS 5/10/2012

EURUSD Pivot: 1.2955 Our preference: Long positions above 1.2955 with targets @ 1.304 & 1.3075 in extension. Alternative scenario: Below 1.2955 look for further downside with 1.2925 & 1.2875 as targets. Comment: technically, the RSI is above its neutrality area at 50. Key levels 1.3085 1.3075 1.304 1.3017 last 1.2955 1.2925 1.2875

GBPUSD Pivot: 1.6125 Our preference: Long positions above 1.6125 with targets @ 1.6215 & 1.6245 in extension. Alternative scenario: Below 1.6125 look for further downside with 1.61 & 1.6065 as targets. Comment: the RSI is bullish and calls for further upside. Key levels 1.6270 1.6245 1.6215 1.6194 last 1.6125 1.61 1.6065

USDJPY Pivot: 78.3 Our preference: Long positions above 78.3 with targets @ 78.7 & 78.85 in extension. Alternative scenario: Below 78.3 look for further downside with 78.2 & 78.05 as targets. Comment: the RSI broke above a declining trend line. Key levels 78.95 78.85 78.7 78.546 last 78.3 78.2 78.05

EURJPY Pivot: 101.6 Our preference: Long positions above 101.6 with targets @ 102.55 & 102.85 in extension. Alternative scenario: Below 101.6 look for further downside with 101.2 & 100.95 as targets. Comment: intraday technical indicators are mixed and call for caution. Key levels 103.05 102.85 102.55 101.898 last 101.6 101.2 100.95

GOLD ivot: 1782.00 Our Preference: LONG positions above 1782 with 1800 & 1810 in sight. Alternative scenario: The downside penetration of 1782 will call for 1770 & 1763. Comment: the RSI broke above a declining trend line. Trend: ST Ltd upside; MT Bullish Key levels Comment 1823* Fib projection 1810** Fib projection 1800*** Horizontal resistance 1795.08 Last 1782** Intraday pivot point 1770** Intraday support 1763** Previous low

NZDUSD Pivot: 0.818 Our preference: Long positions above 0.818 with targets @ 0.8245 & 0.8265 in extension. Alternative scenario: Below 0.818 look for further downside with 0.815 & 0.813 as targets. Comment: the RSI is above its neutrality area at 50%. Key levels 0.8285 0.8265 0.8245 0.8219 last 0.818 0.815 0.813

AUDUSD Pivot: 1.02 Our preference: Long positions above 1.02 with targets @ 1.029 & 1.032 in extension. Alternative scenario: Below 1.02 look for further downside with 1.018 & 1.015 as targets. Comment: the RSI advocates for further advance. Key levels 1.035 1.032 1.029 1.0256 last 1.02 1.018 1.015

TECHNICAL ANALYSIS 4/10/2012

EURUSD Pivot: 1.2875 Our preference: Long positions above 1.2875 with targets @ 1.2965 & 1.2985 in extension. Alternative scenario: Below 1.2875 look for further downside with 1.284 & 1.28 as targets. Comment: the RSI is bullish and calls for further upside. Key levels 1.303 1.2985 1.2965 1.29244 last 1.2875 1.284 1.28

GBPUSD Pivot: 1.613 Our preference: Short positions below 1.613 with targets @ 1.604 & 1.6015 in extension. Alternative scenario: Above 1.613 look for further upside with 1.6165 & 1.6185 as targets. Comment: as long as 1.613 is resistance, look for choppy price action with a bearish bias. Key levels 1.6185 1.6165 1.613 1.6095 last 1.604 1.6015 1.5980

USDJPY Pivot: 78.35 Our preference: Long positions above 78.35 with targets @ 78.85 & 79 in extension. Alternative scenario: Below 78.35 look for further downside with 78.2 & 78 as targets. Comment: the RSI is bullish and calls for further advance. Key levels 79.2 79 78.85 78.679 last 78.35 78.2 78

Pivot: 100.85 Our preference: Long positions above 100.85 with targets @ 101.65 & 102.1 in extension. Alternative scenario: Below 100.85 look for further downside with 100.65 & 100.4 as targets. Comment: the RSI is above its neutrality area at 50%. Key levels 102.35 102.1 101.65 101.349 last 100.85 100.65 100.4

GOLD Pivot: 1770.00 Our Preference: LONG positions above 1770 with 1783 & 1791 in sight. Alternative scenario: The downside penetration of 1770 will call for a slide towards 1763 & 1759. Comment: the RSI is mixed with a bullish bias. Trend: ST Ltd upside; MT Bullish Key levels Comment 1800*** Intraday resistance 1791** Intraday resistance 1783* Intraday resistance 1780.9 Last 1770** Intraday pivot point 1763** Previous low 1759** Intraday support

NZDUSD Pivot: 0.8265 Our preference: Short positions below 0.8265 with targets @ 0.8175 & 0.815 in extension. Alternative scenario: Above 0.8265 look for further upside with 0.8315 & 0.8335 as targets. Comment: a break below 0.8175 would trigger a drop towards 0.815. Key levels 0.8335 0.8315 0.8265 0.8195 last 0.8175 0.815 0.813

AUDUSD Pivot: 1.0235 Our preference: Short positions below 1.0235 with targets @ 1.017 & 1.015 in extension. Alternative scenario: Above 1.0235 look for further upside with 1.029 & 1.035 as targets. Comment: the RSI is badly directed. Key levels 1.035 1.029 1.0235 1.01928 last 1.017 1.015 1.009

TECHNICAL ANALYSIS 3/10/2012

EURUSD Pivot: 1.2875 Our preference: Long positions above 1.2875 with targets @ 1.2985 & 1.303 in extension. Alternative scenario: Below 1.2875 look for further downside with 1.284 & 1.28 as targets. Comment: a support base at 1.2875 has formed and has allowed for a temporary stabilisation. Key levels 1.3045 1.303 1.2985 1.29034 last 1.2875 1.284 1.28

GBPUSD Pivot: 1.6165 Our preference: Short positions below 1.6165 with targets @ 1.607 & 1.604 in extension. Alternative scenario: Above 1.6165 look for further upside with 1.621 & 1.6245 as targets. Comment: the RSI is badly directed. Key levels 1.6245 1.621 1.6165 1.6129 last 1.607 1.604 1.6015

USDJPY Pivot: 78 Our preference: Long positions above 78 with targets @ 78.5 & 78.65 in extension. Alternative scenario: Below 78 look for further downside with 77.9 & 77.7 as targets. Comment: the RSI is bullish and calls for further upside. Key levels 78.75 78.65 78.5 78.22 last 78 77.9 77.7

EURJPY Pivot: 100.4 Our preference: Long positions above 100.4 with targets @ 101.25 & 101.65 in extension. Alternative scenario: Below 100.4 look for further downside with 100.2 & 99.75 as targets. Comment: the next resistances are at 101.25 and then at 101.65. Key levels 102.05 101.65 101.25 100.91 last 100.4 100.2 99.75

SILVER Pivot: 35.05 Our Preference: SHORT positions below 35.05 with 34.15 & 33.9 as next targets. Alternative scenario: The upside breakout of 35.05 will open the way to 35.4 & 35.6. Comment: the RSI is capped by a bearish trend line. Trend: ST Ltd upside; MT Bullish Key levels Comment 35.6** Intraday resistance 35.4* Intraday resistance 35.05** Intraday pivot point 34.515 Last 34.15** Intraday support 33.9** Intraday support 33.7** Intraday support

GOLD Pivot: 1770.00 Our Preference: LONG positions above 1770 with 1783 & 1791 as next targets. Alternative scenario: The downside breakout of 1770 will open the way to 1763 & 1759. Comment: the RSI is mixed and calls for caution. Trend: ST Ltd upside; MT Bullish Key levels Comment 1800* Intraday resistance 1791*** Horizontal resistance 1783** Intraday resistance 1772.65 Last 1770** Intraday pivot point 1763** Previous low 1759** Intraday support

NZDUSD Pivot: 0.8295 Our preference: Short positions below 0.8295 with targets @ 0.822 & 0.8185 in extension. Alternative scenario: Above 0.8295 look for further upside with 0.8335 & 0.8355 as targets. Comment: the RSI has broken down its 30 level. Key levels 0.8355 0.8335 0.8295 0.82399 last 0.822 0.8185 0.8165 ____________

_Pivot: 1.0315 Our preference: Short positions below 1.0315 with targets @ 1.017 & 1.015 in extension. Alternative scenario: Above 1.0315 look for further upside with 1.035 & 1.0405 as targets. Comment: the RSI has broken down its 30 level. Key levels 1.0405 1.035 1.0315 1.02264 last 1.017 1.015 1.009___________

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

TECHNICAL ANALYSIS 1/10/2012

EURUSD Pivot: 1.29 Our preference: Short positions below 1.29 with targets @ 1.277 & 1.275 in extension. Alternative scenario: Above 1.29 look for further upside with 1.2925 & 1.296 as targets. Comment: the RSI is bearish and calls for further downside. Key levels 1.296 1.2925 1.29 1.28168 last 1.277 1.275 1.27

GBPUSD Pivot: 1.621 Our preference: Short positions below 1.621 with targets @ 1.6105 & 1.609 in extension. Alternative scenario: Above 1.621 look for further upside with 1.6245 & 1.628 as targets. Comment: the RSI is bearish and calls for further decline. Key levels 1.628 1.6245 1.621 1.6124 last 1.6105 1.609 1.607

USDJPY Pivot: 77.6 Our preference: Long positions above 77.6 with targets @ 78.1 & 78.2 in extension. Alternative scenario: Below 77.6 look for further downside with 77.35 & 77.1 as targets. Comment: the next resistances are at 78.1 and then at 78.2. Key levels 78.3 78.2 78.1 77.909 last 77.6 77.35 77.1

EURJPY Pivot: 100.35 Our preference: Short positions below 100.35 with targets @ 99.65 & 99.5 in extension. Alternative scenario: Above 100.35 look for further upside with 100.65 & 101 as targets. Comment: the RSI is bearish and calls for further downside. Key levels 101 100.65 100.35 99.843 last 99.65 99.5 99.3

SILVER Pivot: 34.55 Our Preference: SHORT positions below 34.55 with targets @ 34.05 & 33.9. Alternative scenario: The upside breakout of 34.55 will open the way to 34.85 & 35.18. Comment: the RSI calls for a new downleg. Trend: ST Ltd upside; MT Bullish Key levels Comment 35.18** Intraday resistance 34.85** Intraday resistance 34.55** Intraday pivot point 34.225 Last 34.05** Intraday support 33.9** Intraday support 33.65** Intraday support

GOLD Pivot: 1776.00 Our Preference: SHORT positions below 1776 with 1759 & 1752 in sight. Alternative scenario: The upside penetration of 1776 will call for 1783 & 1787. Comment: the RSI is mixed with a bearish bias. Trend: ST Ltd upside; MT Bullish Key levels Comment 1787* Fib projection 1783** Previous high 1776** Intraday pivot point 1764.07 Last 1759** Intraday support 1752** Intraday support 1738** 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: the RSI is badly directed. Key levels 0.838 0.8355 0.8325 0.82745 last 0.825 0.822 0.8185

AUDUSD Pivot: 1.038 Our preference: Short positions below 1.038 with targets @ 1.031 & 1.027 in extension. Alternative scenario: Above 1.038 look for further upside with 1.0405 & 1.043 as targets. Comment: the RSI is bearish and calls for further downside. Key levels 1.043 1.0405 1.038 1.034 last 1.031 1.027 1.025