USD/CHF                    5/7/2013

1 week Trend:   (=)  1 month Trend:  (=)
USD/CHF intraday: further advance.
Pivot: 0.9515

Our preference: Long positions above 0.9515 with targets @ 0.9625 & 0.9675 in extension.

Alternative scenario: Below 0.9515 look for further downside with 0.9485 & 0.9455 as targets.

Comment: the pair remains on the upside and is breaking above its resistance.

Key levels
0.971
0.9675
0.9625
0.9592 last
0.9515
0.9485
0.9455

GBP/USD                    5/7/2013 

1 week Trend:  (=)  1 month Trend:  (=)
GBP/USD intraday: the downside prevails.
Pivot: 1.513

Our preference: Short positions below 1.513 with targets @ 1.4955 & 1.4915 in extension.

Alternative scenario: Above 1.513 look for further upside with 1.517 & 1.522 as targets.

Comment: the pair remains on the downside and is breaking below its previous low.

Key levels
1.522
1.517
1.513
1.4975 last
1.4955
1.4915
1.486

EUR/USD                    5/7/2013
 

1 week Trend:  (=)  1 month Trend:  (=)
EUR/USD intraday: the downside prevails.
Pivot: 1.294

Our preference: Short positions below 1.294 with targets @ 1.284 & 1.2795 in extension.

Alternative scenario: Above 1.294 look for further upside with 1.298 & 1.304 as targets.

Comment: the pair remains on the downside and is breaking below its previous low.

Key levels
1.304
1.298
1.294
1.28714 last
1.284
1.2795
1.2765

Gold                            5/7/2013

1 week Trend:   (=)  1 month Trend:  (=)
GOLD‏ (Spot) intraday: the downside prevails.
Pivot: 1259.00

Our preference: SHORT positions below 1259 with targets @ 1223.5 & 1213.

Alternative scenario: The upside penetration of 1259 will call for 1271 & 1288.

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

Trend: ST Ltd downside; MT Bearish

Key levels Comment

1288** Intraday resistance
1271** Intraday resistance
1259** Intraday pivot point
1234.47 Last
1223.5** Fib retracement (50%)
1213** Fib retracement (61.8%)
1187** Intraday support

Technical Analysis – Time MetaTrader4