NZD/USD                   12/8/2013

1 week Trend:   (=)  1 month Trend:  (=)
NZD/USD intraday: intraday support around 0.798.
Pivot: 0.798

Our preference: Long positions above 0.798 with targets @ 0.81 & 0.8135 in extension.

Alternative scenario: Below 0.798 look for further downside with 0.793 & 0.788 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited by the 0.798 strong support level.

Key levels
0.817
0.8135
0.81
0.8 last
0.798
0.793
0.788

EUR/USD                   12/8/2013 

1 week Trend:  (=)  1 month Trend:  (=)
EUR/USD intraday: under pressure.
Pivot: 1.3345

Our preference: Short positions below 1.3345 with targets @ 1.329 & 1.326 in extension.

Alternative scenario: Above 1.3345 look for further upside with 1.3365 & 1.339 as targets.

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

Key levels
1.339
1.3365
1.3345
1.33006 last
1.329
1.326
1.3225

EUR/GBP                   12/8/2013

1 week Trend:  (=)  1 month Trend:  (=)
EUR/GBP intraday: under pressure.
Pivot: 0.8625

Our preference: Short positions below 0.8625 with targets @ 0.8575 & 0.8555 in extension.

Alternative scenario: Above 0.8625 look for further upside with 0.8645 & 0.8675 as targets.

Comment: the pair stands below its resistance and remains under pressure.

Key levels
0.8675
0.8645
0.8625
0.85946 last
0.8575
0.8555
0.8535

Gold                           12/8/2013

1 week Trend:  (=)  1 month Trend:   (=)
GOLD‏ (Spot) intraday: the bias remains bullish.
Pivot: 1315.00

Our preference: LONG positions above 1315 with 1339 & 1345 in sight.

Alternative scenario: The downside penetration of 1315 will call for 1305 & 1297.

Comment: gold prices are supported by a rising trend line and the 50 moving aveage maintains upward pressure.

Trend: ST Ltd downside; MT Bearish

Key levels Comment

1349*** Horizontal resistance
1345** Intraday resistance
1339** Intraday resistance
1325.89 Last
1315*** Intraday pivot point
1305** Intraday support
1297** Intraday support

Technical Analysis – Time MetaTrader4