GBP/USD                   20/8/2013

1 week Trend:   (=)  1 month Trend:  (=)
GBP/USD intraday: the bias remains bullish.
Pivot: 1.5605

Our preference: Long positions above 1.5605 with targets @ 1.5685 & 1.572 in extension.

Alternative scenario: Below 1.5605 look for further downside with 1.557 & 1.554 as targets.

Comment: the pair remains on the upside and is challenging its resistance, the RSI is well directed.

Key levels
1.575
1.572
1.5685
1.5672 last
1.5605
1.557
1.554

EUR/USD                   20/8/2013

1 week Trend:  (=)  1 month Trend:  (=)
EUR/USD intraday: rebound.
Pivot: 1.3305

Our preference: Long positions above 1.3305 with targets @ 1.34 & 1.3415 in extension.

Alternative scenario: Below 1.3305 look for further downside with 1.327 & 1.3235 as targets.

Comment: the pair has rebounded and is approaching its strong resistance.

Key levels
1.345
1.3415
1.34
1.3386 last
1.3305
1.327
1.3235

Gold                           20/8/2013

1 week Trend:  (=)  1 month Trend:  (=)
GOLD‏ (Spot) intraday: turning down.
Pivot: 1373.00

Our preference: SHORT positions below 1373 with 1347 & 1328 as next targets.

Alternative scenario: The upside breakout of 1373 will open the way to 1384 & 1394.

Comment: the RSI is bearish and calls for further downside.

Trend: ST Bullish; MT Ltd upside

Key levels Comment

1394** Intraday resistance
1384** Intraday resistance
1373** Intraday pivot point
1360.9 Last
1347** Intraday support
1328* Fib retracement (50%)
1318** Intraday support

Crude Oil (NYMEX)      20/8/2013
 

1 week Trend:  (=) 1 month Trend:   (=)

Crude Oil‏ (Oct 13) intraday: the downside prevails.
Pivot: 107.90

Our preference: SHORT positions below 107.9 with 105.3 & 104.3 as next targets.

Alternative scenario: The upside breakout of 107.9 will open the way to 109 & 110.

Comment: the RSI is bearish and calls for further downside.

Trend: ST Consolidation; MT Bullish

Key levels Comment

110* Intraday resistance
109** Intraday resistance
107.9*** Intraday pivot point
106.85 Last
105.3** Intraday support
104.3** Intraday support
103.1** Intraday support

Technical Analysis – Time MetaTrader4