NZD/USD                   18/7/2013

1 week Trend:   (=)  1 month Trend:  (=)
NZD/USD intraday: bullish bias above 0.779.
Pivot: 0.779

Our preference: Long positions above 0.779 with targets @ 0.797 & 0.8 in extension.

Alternative scenario: Below 0.779 look for further downside with 0.773 & 0.768 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Key levels
0.805
0.8
0.797
0.7873 last
0.779
0.773
0.768

EUR/USD                   18/7/2013

1 week Trend:  (=)  1 month Trend:  (=)
EUR/USD intraday: intraday support around 1.309.
Pivot: 1.309

Our preference: Long positions above 1.309 with targets @ 1.3175 & 1.3205 in extension.

Alternative scenario: Below 1.309 look for further downside with 1.3045 & 1.2995 as targets.

Comment: a support base at 1.309 has formed and has allowed for a temporary stabilisation.

Key levels
1.325
1.3205
1.3175
1.31155 last
1.309
1.3045
1.2995

EUR/GBP                   18/7/2013

1 week Trend:  (=)  1 month Trend:   (=)
EUR/GBP intraday: break of a ST rising trendline support.
Pivot: 0.866

Our preference: Short positions below 0.866 with targets @ 0.8605 & 0.8575 in extension.

Alternative scenario: Above 0.866 look for further upside with 0.871 & 0.8725 as targets.

Comment: as long as the resistance at 0.866 is not surpassed, the risk of the break below 0.8605 remains high.

Key levels
0.8725
0.871
0.866
0.86209 last
0.8605
0.8575
0.8555

Gold                           18/7/2013

1 week Trend:   (=)  1 month Trend:  (=)
GOLD‏ (Spot) intraday: the downside prevails.
Pivot: 1300.00

Our preference: SHORT positions below 1300 with targets @ 1267 & 1247.

Alternative scenario: The upside breakout of 1300 will open the way to 1320 & 1338.

Comment: gold prices have broken below a rising trend line. As long as the resistance at 1300 is not surpassed, the risk of the break below 1267 remains high.

Trend: ST Ltd downside; MT Bearish

Key levels Comment

1338** Fib retracement (61.8%)
1320** Intraday resistance
1300*** Intraday pivot point
1280.3 Last
1267** Intraday support
1247** Intraday support
1226** Fib retracement (61.8%)

Technical Analysis – Time MetaTrader4