Gold                       4/7/2013
 

1 week Trend:   (=) 1 month Trend:  (=)
GOLD‏ (Spot) intraday: bullish bias above 1233
Pivot: 1233.00

Our preference: LONG positions above 1233 with 1271 & 1288 as next targets.

Alternative scenario: The downside breakout of 1233 will open the way to 1223.5 & 1213.

Comment: the RSI is mixed to bullish.

Trend: ST Ltd downside; MT Bearish

Key levels Comment

1300** Intraday resistance
1288** Intraday resistance
1271** Intraday resistance
1250.14 Last
1233*** Intraday pivot point
1223.5** Fib retracement (50%)
1213** Fib retracement (61.8%)

USD/CHF               4/7/2013

1 week Trend:  (=) 1 month Trend:   (=)
USD/CHF intraday: intraday support around 0.9455.
Pivot: 0.9455

Our preference: Long positions above 0.9455 with targets @ 0.95 & 0.954 in extension.

Alternative scenario: Below 0.9455 look for further downside with 0.943 & 0.94 as targets.

Comment: the pair is rebounding on its support as the RSI is well directed.

Key levels
0.958
0.954
0.95
0.94822 last
0.9455
0.943
0.94

USD/JPY                    4/7/2013
 

1 week Trend:   (=)  1 month Trend:  (=)
USD/JPY intraday: key ST resistance at 100.35.
Pivot: 100.35

Our preference: Short positions below 100.35 with targets @ 99.1 & 98.7 in extension.

Alternative scenario: Above 100.35 look for further upside with 100.8 & 101.2 as targets.

Comment: the pair has broken below a rising trend line and remains under pressure.

Key levels
101.2
100.8
100.35
99.66 last
99.1
98.7
98.15

EUR/USD               4/7/2013
 

1 week Trend:  (=) 1 month Trend:  (=)
EUR/USD intraday: the bias remains bullish.
Pivot: 1.296

Our preference: Long positions above 1.296 with targets @ 1.304 & 1.3075 in extension.

Alternative scenario: Below 1.296 look for further downside with 1.292 & 1.2875 as targets.

Comment: the pair is facing a pull back ahead of a rebound.

Key levels
1.31
1.3075
1.304
1.29969 last
1.296
1.292
1.2875

Technical Analysis – Time MetaTrader4