USD/CAD                   23/7/2013

1 week Trend:   (=)  1 month Trend:  (=)
USD/CAD intraday: under pressure.
Pivot: 1.0365

Our preference: Short positions below 1.0365 with targets @ 1.025 & 1.0215 in extension.

Alternative scenario: Above 1.0365 look for further upside with 1.0395 & 1.044 as targets.

Comment: as long as 1.0365 is resistance, likely decline to 1.025.

Key levels
1.044
1.0395
1.0365
1.03434 last
1.025
1.0215
1.013

GBP/JPY                   23/7/2013

1 week Trend:  (=)  1 month Trend:  (=)
GBP/JPY intraday: bullish bias above 152.
Pivot: 152

Our preference: Long positions above 152 with targets @ 153.75 & 154.2 in extension.

Alternative scenario: Below 152 look for further downside with 151.1 & 150.4 as targets.

Comment: the RSI is mixed with a bullish bias.

Key levels
155
154.2
153.75
153.258 last
152
151.1
150.4

EUR/GBP                   23/7/2013

1 week Trend:  (=)  1 month Trend:  (=)
EUR/GBP intraday: the downside prevails.
Pivot: 0.8615

Our preference: Short positions below 0.8615 with targets @ 0.8575 & 0.8555 in extension.

Alternative scenario: Above 0.8615 look for further upside with 0.8645 & 0.8675 as targets.

Comment: the pair is trading within a bearish channel.

Key levels
0.8675
0.8645
0.8615
0.85828 last
0.8575
0.8555
0.8525

EUR/USD                   23/7/2013

1 week Trend:  (=)  1 month Trend:   (=)
EUR/USD intraday: bullish bias above 1.316.
Pivot: 1.316

Our preference: Long positions above 1.316 with targets @ 1.325 & 1.33 in extension.

Alternative scenario: Below 1.316 look for further downside with 1.31 & 1.3065 as targets.

Comment: the break above 1.316 is a positive signal that has opened a path to 1.325.

Key levels
1.337
1.33
1.325
1.31686 last
1.316
1.31
1.3065

Gold                           23/7/2013

1 week Trend:   (=)  1 month Trend:  (=)
GOLD‏ (Spot) intraday: further advance.
Pivot: 1318.00

Our preference: LONG positions above 1318 with 1339 & 1360 in sight.

Alternative scenario: The downside breakout of 1318 will open the way to 1298 & 1288.

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

Trend: ST Ltd upside; MT Bullish

Key levels Comment

1376** Horizontal resistance
1360** Horizontal resistance
1339** Horizontal resistance
1328.41 Last
1318** Intraday pivot point
1298** Intraday support
1288** Intraday support

Technical Analysis – Time MetaTrader4