NZD/USD                   16/8/2013

1 week Trend:   (=)  1 month Trend:  (=)
NZD/USD intraday: supported by a rising trend line.
Pivot: 0.8

Our preference: Long positions above 0.8 with targets @ 0.8115 & 0.8135 in extension.

Alternative scenario: Below 0.8 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.

Key levels
0.817
0.8135
0.8115
0.8088 last
0.8
0.793
0.788

EUR/USD                   16/8/2013

1 week Trend:  (=)  1 month Trend:  (=)
EUR/USD intraday: the upside prevails.
Pivot: 1.3315

Our preference: Long positions above 1.3315 with targets @ 1.337 & 1.34 in extension.

Alternative scenario: Below 1.3315 look for further downside with 1.327 & 1.3235 as targets.

Comment: the pair is facing a pull back on its support.

Key levels
1.343
1.34
1.337
1.3332 last
1.3315
1.327
1.3235

EUR/GBP                   16/8/2013

1 week Trend:  (=)  1 month Trend:  (=)
EUR/GBP intraday: key resistance at 0.8545.
Pivot: 0.8545

Our preference: Short positions below 0.8545 with targets @ 0.85 & 0.848 in extension.

Alternative scenario: Above 0.8545 look for further upside with 0.8565 & 0.858 as targets.

Comment: the pair has struck against its resistance and remains under pressure.

Key levels
0.858
0.8565
0.8545
0.85254 last
0.85
0.848
0.8465

Gold                           16/8/2013

1 week Trend:  (=)  1 month Trend:   (=)
GOLD‏ (Spot) intraday: further advance.
Pivot: 1342.00

Our preference: LONG positions above 1342 with 1375 & 1394 in sight.

Alternative scenario: The downside penetration of 1342 will call for 1318 & 1305.

Comment: the break above 1342 is a positive signal that has opened a path to 1375.

Trend: ST Ltd downside; MT Bearish

Key levels Comment

1421*** Intraday resistance
1394** Intraday resistance
1375** Intraday resistance
1361.9 Last
1342** Intraday pivot point
1318** Intraday support
1305** Intraday support

Dow Jones                   16/8/2013
 

1 week Trend:   (=)  1 month Trend:  (=)
Dow Jones‏ (Sep 13) intraday: under pressure.
Pivot: 15260

Our preference: SHORT positions below 15260 with 15035 & 15000 as next targets.

Alternative scenario: The upside penetration of 15260 will call for 15360 & 15470.

Comment: the RSI is badly directed.

Trend: ST Bullish; MT Bullish

Key levels Comment

15470** Intraday resistance
15360** Intraday resistance
15260** Intraday pivot point
15076 Last
15035*** Intraday support
15000** Intraday support
14950** Intraday support

Technical Analysis – Time MetaTrader4