TECHNICAL ANALYSIS 17/12/2012

eurusd Pivot: 1.3125. Our preference: LONG positions above 1.3125 with targets @ 1.3185 & 1.321. Alternative scenario: The downside penetration of 1.3125 will call for 1.31 & 1.3065. Comment: the pair has broken above its resistance and remains on the upside. Trend: ST Ltd Downside; MT Range Key levels Comment 1.3255** Intraday resistance 1.321** Intraday resistance 1.3185*** Intraday resistance 1.3153 Last 1.3125** Intraday pivot point 1.31** Intraday support 1.3065*** Intraday support

gbpusd Pivot: 1.6135. Our preference: LONG positions above 1.6135 with 1.6195 & 1.6215 in sight. Alternative scenario: The downside breakout of 1.6135 will open the way to 1.6105 & 1.608. Comment: the pair has broken above a declining trend line and should post further advance. Trend: ST Ltd Downside; MT Range Key levels Comment 1.6255** Intraday resistance 1.6215** Intraday resistance 1.6195*** Intraday resistance 1.6185 Last 1.6135** Intraday pivot point 1.6105*** Intraday support 1.608*** Intraday support

gold Pivot: 1700.00 Our preference: SHORT positions below 1700 with 1689 & 1684 as next targets. Alternative scenario: The upside penetration of 1700 will call for a rebound towards 1712 & 1722. Comment: as long as the resistance at 1700 is not surpassed, the risk of the break below 1689 remains high. Trend: ST Bullish; MT Bullish Key levels Comment 1722** Intraday resistance 1712** Intraday resistance 1700*** Intraday pivot point 1691.48 Last 1689* Previous low 1684*** Horizontal support 1678* Intraday support

usdjpy Pivot: 83.70. Our preference: LONG positions above 83.7 with 84.2 & 84.4 as next targets. Alternative scenario: The downside penetration of 83.7 will call for a slide towards 83.4 & 83.2. Comment: the pair remains on the upside and should post further advance. Trend: ST Consolidation; MT Bullish Key levels Comment 84.7** Intraday resistance 84.4** Intraday resistance 84.2*** Intraday resistance 84 Last 83.7** Intraday pivot point 83.4** Intraday support 83.2*** Intraday support

eurjpy Pivot: 109.4 Our preference: Long @ 109.47 with targets @ 110.9 & 111.5 in extension. Alternative scenario: Below 109.4 look for further downside with 108.95 & 108.55 as targets. Comment: the pair has broken above its resistance and should post further advance. Key levels 111.85 111.5 110.9 110.58 last 109.4 108.95 108.55

audusd Pivot: 1.0565 Our preference: Short positions below 1.0565 with targets @ 1.0505 & 1.048 in extension. Alternative scenario: Above 1.0565 look for further upside with 1.0585 & 1.06 as targets. Comment: the pair is breaking below its support and should face further weakness as the RSI is badly directed. Key levels 1.06 1.0585 1.0565 1.0529 last 1.0505 1.048 1.0455

TECHNICAL ANALYSIS 10/12/2012

eurusd Pivot: 1.293 Our preference: Short positions below 1.293 with targets @ 1.288 & 1.2835 in extension. Alternative scenario: Above 1.293 look for further upside with 1.295 & 1.297 as targets. Comment: a break below 1.288 would trigger a drop towards 1.2835. Key levels 1.297 1.295 1.293 1.2897 last 1.288 1.2835 1.***

gbpusd Pivot: 1.605 Our preference: Short positions below 1.605 with targets @ 1.5985 & 1.596 in extension. Alternative scenario: Above 1.605 look for further upside with 1.608 & 1.6115 as targets. Comment: as long as 1.605 is resistance, likely decline to 1.5985. Key levels 1.6115 1.608 1.605 1.6024 last 1.5985 1.596 1.592

usdjpy Pivot: 82.6 Our preference: Short positions below 82.6 with targets @ 82.15 & 82 in extension. Alternative scenario: Above 82.6 look for further upside with 82.85 & 83 as targets. Comment: as long as 82.6 is resistance, look for choppy price action with a bearish bias. Key levels 83 82.85 82.6 82.47 last 82.15 82 81.7 _____

eurjpy Pivot: 106.8 Our preference: Short positions below 106.8 with targets @ 105.95 & 105.25 in extension. Alternative scenario: Above 106.8 look for further upside with 107.1 & 107.45 as targets. Comment: as long as 106.8 is resistance, look for choppy price action with a bearish bias. Key levels 107.45 107.1 106.8 106.367 last 105.95 105.25 104.8

gold Pivot: 1708.00 Our preference: SHORT positions below 1708 with 1684 & 1672 as next targets. Alternative scenario: The upside breakout of 1708 will open the way to 1722 & 1731. Comment: intraday technical indicators are mixed and call for caution. Trend: ST Bullish; MT Bullish Key levels Comment 1731** Intraday resistance 1722** Intraday resistance 1708*** Intraday pivot point 1705.6 Last 1684** Intraday support 1672** Previous low 1654* Fib projection

nzdusd Pivot: 0.8305 Our preference: Long positions above 0.8305 with targets @ 0.835 & 0.838 in extension. Alternative scenario: Below 0.8305 look for further downside with 0.8265 & 0.823 as targets. Comment: the next resistances are at 0.835 and then at 0.838. Key levels 0.84 0.838 0.835 0.83321 last 0.8305 0.8265 0.823

audusd Pivot: 1.052 Our preference: Short positions below 1.052 with targets @ 1.0435 & 1.041 in extension. Alternative scenario: Above 1.052 look for further upside with 1.0545 & 1.057 as targets. Comment: as long as 1.052 is resistance, likely decline to 1.0435. Key levels 1.057 1.0545 1.052 1.04734 last 1.0435 1.041 1.039

TECHNICAL ANALYSIS 07/12/2012

eurusd Pivot: 1.3010. Our preference: SHORT positions @ 1.3 with targets @ 1.2945 & 1.291. Alternative scenario: The upside penetration of 1.301 will call for a rebound towards 1.304 & 1.3055. Comment: the RSI is capped by a bearish trend line. Trend: ST Ltd Downside; MT Range Key levels Comment 1.3055** Fib retracement (61.8%) 1.304** Fib retracement (50%) 1.301*** Intraday pivot point 1.2961 Last 1.2945** Intraday support 1.291** Intraday support 1.288** Intraday support

gbpusd Pivot: 1.6080. Our preference: SHORT positions @ 1.607 with 1.6 & 1.5985 as next targets. Alternative scenario: The upside penetration of 1.608 will call for a rebound towards 1.6115 & 1.613. Comment: the break below the support at 1.608 triggered a downward acceleration to 1.5985. Trend: ST Ltd Downside; MT Range Key levels Comment 1.613* Intraday resistance 1.6115* Intraday resistance 1.608*** Intraday pivot point 1.6053 Last 1.6* Intraday support 1.5985* Intraday support 1.596* Intraday support

usdjpy Pivot: 82.30. Our preference: LONG positions @ 82.4 with targets @ 82.6 & 82.75. Alternative scenario: The downside breakout of 82.3 will open the way to 82.15 & 82. Comment: the RSI is bullish and calls for further upside. Trend: ST Consolidation; MT Bullish Key levels Comment 82.85** Intraday resistance 82.75* Intraday resistance 82.6** Intraday resistance 82.42 Last 82.3*** Intraday pivot point 82.15** Intraday support 82** Intraday support

eurjpy Pivot: 107.45 Our preference: Short positions below 107.45 with targets @ 106.4 & 105.95 in extension. Alternative scenario: Above 107.45 look for further upside with 107.95 & 108.3 as targets. Comment: as long as 107.45 is resistance, look for choppy price action with a bearish bias. Key levels 108.3 107.95 107.45 106.76 last 106.4 105.95 105.25

gold Pivot: 1708.00 Our preference: SHORT positions below 1708 with targets @ 1684 & 1672. Alternative scenario: The upside breakout of 1708 will open the way to 1722 & 1731. Comment: as long as 1708 is resistance, look for choppy price action with a bearish bias. Trend: ST Bullish; MT Bullish Key levels Comment 1731** Intraday resistance 1722** Intraday resistance 1708*** Intraday pivot point 1701.6 Last 1684** Intraday support 1672** Previous low 1654* Fib projection

nzdusd Pivot: 0.8305 Our preference: Long positions above 0.8305 with targets @ 0.835 & 0.838 in extension. Alternative scenario: Below 0.8305 look for further downside with 0.8265 & 0.823 as targets. Comment: a support base at 0.8305 has formed and has allowed for a temporary stabilisation. Key levels 0.84 0.838 0.835 0.8318 last 0.8305 0.8265 0.823

audusd Pivot: 1.052 Our preference: Short positions below 1.052 with targets @ 1.0435 & 1.041 in extension. Alternative scenario: Above 1.052 look for further upside with 1.0545 & 1.057 as targets. Comment: as long as 1.052 is resistance, likely decline to 1.0435. Key levels 1.057 1.0545 1.052 1.04765 last 1.0435 1.041 1.039

TECHNICAL ANALYSIS 06/12/2012

eurusd Pivot: 1.308 Our preference: Short positions below 1.308 with targets @ 1.303 & 1.3 in extension. Alternative scenario: Above 1.308 look for further upside with 1.31 & 1.3125 as targets. Comment: the pair has broken below its bullish channel support. Key levels 1.3125 1.31 1.308 1.30515 last 1.303 1.3 1.2975

gbpusd Pivot: 1.608 Our preference: Long positions above 1.608 with targets @ 1.613 & 1.617 in extension. Alternative scenario: Below 1.608 look for further downside with 1.6045 & 1.6025 as targets. Comment: a support base at 1.608 has formed and has allowed for a temporary stabilisation. Key levels 1.6215 1.617 1.613 1.6087 last 1.608 1.6045 1.6025

usdjpy Pivot: 82.25 Our preference: Long positions above 82.25 with targets @ 82.55 & 82.75 in extension. Alternative scenario: Below 82.25 look for further downside with 82 & 81.65 as targets. Comment: the next resistances are at 82.55 and then at 82.75. Key levels 82.85 82.75 82.55 82.49 last 82.25 82 81.65

eurjpy Pivot: 107.15 Our preference: Long positions above 107.15 with targets @ 107.95 & 108.3 in extension. Alternative scenario: Below 107.15 look for further downside with 106.8 & 106.4 as targets. Comment: the RSI lacks downward momentum. Key levels 108.65 108.3 107.95 107.711 last 107.15 106.8 106.4

gold Pivot: 1708.00 Our preference: SHORT positions below 1708 with 1684 & 1672 in sight. Alternative scenario: The upside breakout of 1708 will open the way to 1722 & 1731. Comment: as long as 1708 is resistance, look for choppy price action with a bearish bias. Trend: ST Bullish; MT Bullish Key levels Comment 1731** Intraday resistance 1722** Intraday resistance 1708*** Intraday pivot point 1690.9 Last 1684** Intraday support 1672** Previous low 1654* Fib projection

Pivot: 0.826 Our preference: Long positions above 0.826 with targets @ 0.8305 & 0.8335 in extension. Alternative scenario: Below 0.826 look for further downside with 0.823 & 0.82 as targets. Comment: the next resistances are at 0.8305 and then at 0.8335. Key levels 0.836 0.8335 0.8305 0.8288 last 0.826 0.823 0.82

audusd Pivot: 1.049 Our preference: Short positions below 1.049 with targets @ 1.043 & 1.041 in extension. Alternative scenario: Above 1.049 look for further upside with 1.052 & 1.0545 as targets. Comment: as long as 1.049 is resistance, likely decline to 1.043. Key levels 1.0545 1.052 1.049 1.04634 last 1.043 1.041 1.039

TECHNICAL ANALYSIS 05/12/2012

usdjpy Pivot: 81.90. Our preference: LONG positions above 81.9 with 82.35 & 82.55 as next targets. Alternative scenario: The downside breakout of 81.9 will open the way to 81.65 & 81.4. Comment: the RSI calls for a rebound. Trend: ST Ltd Upside; MT Range Key levels Comment 82.75** Intraday resistance 82.55* Intraday resistance 82.35** Intraday resistance 82.25 Last 81.9*** Intraday pivot point 81.65** Intraday support 81.4** Intraday support

eurjpy Pivot: 107.15 Our preference: Long positions above 107.15 with targets @ 108.15 & 108.3 in extension. Alternative scenario: Below 107.15 look for further downside with 106.8 & 106.4 as targets. Comment: the RSI calls for a new upleg. Key levels 108.65 108.3 108.15 107.826 last 107.15 106.8 106.4

gold Pivot: 1689.00 Our preference: LONG positions above 1689 with 1708 & 1722 in sight. Alternative scenario: The downside breakout of 1689 will open the way to 1684 & 1672. Comment: the RSI is well directed. Trend: ST Bullish; MT Bullish Key levels Comment 1731** Intraday resistance 1722** Intraday resistance 1708*** Intraday resistance 1701.8 Last 1689** Intraday pivot point 1684** Intraday support 1672** Previous low

Nzdusd Pivot: 0.822 Our preference: Long positions above 0.822 with targets @ 0.8265 & 0.8295 in extension. Alternative scenario: Below 0.822 look for further downside with 0.82 & 0.8185 as targets. Comment: technically, the RSI is above its neutrality area at 50. Key levels 0.8305 0.8295 0.8265 0.82523 last 0.822 0.82 0.8185

audusd Pivot: 1.045 Our preference: Long positions above 1.045 with targets @ 1.049 & 1.052 in extension. Alternative scenario: Below 1.045 look for further downside with 1.043 & 1.041 as targets. Comment: the break above 1.045 is a positive signal that has opened a path to 1.049. Key levels 1.0545 1.052 1.049 1.04745 last 1.045 1.043 1.041

TECHNICAL ANALYSIS 04/12/2012

eurusd Pivot: 1.3015. Our preference: LONG positions above 1.3015 with 1.308 & 1.311 in sight. Alternative scenario: The downside breakout of 1.3015 will open the way to 1.298 & 1.2955. Comment: the pair is trading in a bullish channel Trend: ST Ltd Downside; MT Range Key levels Comment 1.3135** Intraday resistance 1.311** Intraday resistance 1.308* Intraday resistance 1.3057 Last 1.3015*** Intraday pivot point 1.298** Fib retracement (50%) 1.2955** Fib retracement (61.8%)

gbpusd Pivot: 1.6060. Our preference: LONG positions @ 1.607 with 1.612 & 1.614 as next targets. Alternative scenario: The downside penetration of 1.606 will call for a slide towards 1.603 & 1.6015. Comment: the break above 1.606 is a positive signal that has opened a path to 1.612. Trend: ST Ltd Downside; MT Range Key levels Comment 1.617* Intraday resistance 1.614* Intraday resistance 1.612* Intraday resistance 1.6093 Last 1.606*** Intraday pivot point 1.603* Intraday support 1.6015*** Intraday support

usdjpy Pivot: 81.90. Our preference: LONG positions above 81.9 with 82.3 & 82.45 as next targets. Alternative scenario: The downside breakout of 81.9 will open the way to 81.65 & 81.4. Comment: the pair is expected to bounce off a rising trend line. Trend: ST Ltd Upside; MT Range Key levels Comment 82.7** Intraday resistance 82.45** Fib retracement (61.8%) 82.3** Intraday resistance 82.08 Last 81.9*** Intraday pivot point 81.65** Intraday support 81.4** Intraday support

eurjpy Pivot: 106.8 Our preference: Long positions above 106.8 with targets @ 107.65 & 107.95 in extension. Alternative scenario: Below 106.8 look for further downside with 106.4 & 106.1 as targets. Comment: the next resistances are at 107.65 and then at 107.95. Key levels 108.3 107.95 107.65 107.15 last 106.8 106.4 106.1

gold Pivot: 1714.00 Our preference: SHORT positions below 1714 with 1695 & 1689 as next targets. Alternative scenario: The upside penetration of 1714 will call for 1722 & 1731. Comment: as long as 1714 is resistance, look for choppy price action with a bearish bias. Trend: ST Bullish; MT Bullish Key levels Comment 1731** Intraday resistance 1722** Intraday resistance 1714** Intraday pivot point 1702 Last 1695** Intraday support 1689** Fib retracement (78.6%) 1672** Previous low __________________

nzdusd Pivot: 0.82 Our preference: Long positions above 0.82 with targets @ 0.823 & 0.825 in extension. Alternative scenario: Below 0.82 look for further downside with 0.8185 & 0.8165 as targets. Comment: the next resistances are at 0.823 and then at 0.825. Key levels 0.8265 0.825 0.823 0.82246 last 0.82 0.8185 0.8165

audusd Pivot: 1.0445 Our preference: Short positions below 1.0445 with targets @ 1.039 & 1.0365 in extension. Alternative scenario: Above 1.0445 look for further upside with 1.0465 & 1.049 as targets. Comment: intraday technical indicators are mixed and call for caution. Key levels 1.049 1.0465 1.0445 1.0431 last 1.039 1.0365 1.035

TECHNICAL ANALYSIS 03/12/2012

eurusd Pivot: 1.3070. Our preference: LONG positions above 1.307 with 1.3135 & 1.3165 as next targets. Alternative scenario: The downside penetration of 1.307 will call for a slide towards 1.303 & 1.3. Comment: the pair is trading in a bullish channel Trend: ST Ltd Downside; MT Range Key levels Comment 1.32** Fib projection 1.3165*** Horizontal resistance 1.3135* Intraday resistance 1.3106 Last 1.307*** Intraday pivot point 1.303** Fib retracement (38.2%) 1.3** Fib retracement (50%)

gbpusd Pivot: 1.6080. Our preference: LONG positions @ 1.609 with targets @ 1.614 & 1.617. Alternative scenario: The downside breakout of 1.608 will open the way to 1.6045 & 1.6025. Comment: a support base at 1.608 has formed and has allowed for a temporary stabilisation. Trend: ST Ltd Downside; MT Range Key levels Comment 1.6215* Intraday resistance 1.617* Intraday resistance 1.614* Intraday resistance 1.6104 Last 1.608*** Intraday pivot point 1.6045* Fib retracement (50%) 1.6025*** Fib retracement (61.8%)

eurusd Pivot: 1.299 Our preference: Long positions above 1.299 with targets @ 1.306 & 1.308 in extension. Alternative scenario: Below 1.299 look for further downside with 1.296 & 1.2935 as targets. Comment: the next resistances are at 1.306 and then at 1.308. Key levels 1.311 1.308 1.306 1.30406 last 1.299 1.296 1.2935 ________

gbpusd Pivot: 1.6015 Our preference: Long positions above 1.6015 with targets @ 1.6065 & 1.608 in extension. Alternative scenario: Below 1.6015 look for further downside with 1.5985 & 1.597 as targets. Comment: the next resistances are at 1.6065 and then at 1.608. Key levels 1.6105 1.608 1.6065 1.6039 last 1.6015 1.5985 1.597

usdjpy Pivot: 82.3 Our preference: Long positions above 82.3 with targets @ 82.85 & 83.1 in extension. Alternative scenario: Below 82.3 look for further downside with 82.2 & 82 as targets. Comment: a support base at 82.3 has formed and has allowed for a temporary stabilisation. Key levels 83.3 83.1 82.85 82.42 last 82.3 82.2 82

eurjpy Pivot: 106.8 Our preference: Long positions above 106.8 with targets @ 107.65 & 107.95 in extension. Alternative scenario: Below 106.8 look for further downside with 106.4 & 106.1 as targets. Comment: the next resistances are at 107.65 and then at 107.95. Key levels 108.3 107.95 107.65 107.466 last 106.8 106.4 106.1

gold Pivot: 1703.00 Our preference: LONG positions above 1703 with 1731 & 1736 as next targets. Alternative scenario: The downside penetration of 1703 will call for 1698 & 1694. Comment: the RSI advocates for further upside. Trend: ST Bullish; MT Ltd upside Key levels Comment 1745** Intraday resistance 1736** Intraday resistance 1731*** Horizontal resistance 1718.52 Last 1703*** Intraday pivot point 1698** Intraday support 1694** Intraday support

nzdusd Pivot: 0.821 Our preference: Short positions below 0.821 with targets @ 0.8165 & 0.8135 in extension. Alternative scenario: Above 0.821 look for further upside with 0.823 & 0.825 as targets. Comment: as long as 0.821 is resistance, look for choppy price action with a bearish bias. Key levels 0.825 0.823 0.821 0.81988 last 0.8165 0.8135 0.8105

audusd Pivot: 1.0445 Our preference: Short positions below 1.0445 with targets @ 1.039 & 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 1.039. Key levels 1.049 1.0465 1.0445 1.0413 last 1.039 1.0365 1.0335