Gold                      10/6/2013

1 week Trend:   (=) 1 month Trend:  (=)
Gold MT: towards 1265.
Pivot: 1550.

Our Preference: Bearish below 1550 with targets @ 1322 & 1265 in extension.

Alternative scenario: An upside breakout of 1550 would open the way towards 1620.

Comment: the descending 50-day moving average suggests that gold prices still have potential for a decline.

Trend: ST Bearish; MT Bearish, we have been bearish since 21 DEC 2012 (1667).

Key levels Comment

1656 Horizontal resistance
1620 Horizontal resistance
1550 Pivot point
1381 Last
1322 Horizontal support
1265 Horizontal support
1150 Fib retracement (61.8%)

EUR/JPY                   10/6/2013

1 week Trend:  (=)  1 month Trend:   (=)
EUR/JPY intraday: the bias remains bullish.
Pivot: 128.15

Our preference: Long @ 128.3 with targets @ 130 & 130.7 in extension.

Alternative scenario: Below 128.15 look for further downside with 127.5 & 126.9 as targets.

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

Key levels
131.4
130.7
130
129.64 last
128.15
127.5
126.9

NZD/USD                   10/6/2013

1 week Trend:   (=)  1 month Trend:  (=)
NZD/USD intraday: key resistance at 0.79.
Pivot: 0.79

Our preference: Short positions below 0.79 with targets @ 0.778 & 0.775 in extension.

Alternative scenario: Above 0.79 look for further upside with 0.7925 & 0.7975 as targets.

Comment: the break below 0.79 is a negative signal that has opened a path to 0.778.

Key levels
0.7975
0.7925
0.79
0.7846 last
0.778
0.775
0.77

EUR/USD                   10/6/2013

1 week Trend:  (=)  1 month Trend:  (=)
EUR/USD intraday: the bias remains bullish.
Pivot: 1.3180.

Our preference: LONG positions above 1.318 with 1.328 & 1.332 in sight.

Alternative scenario: The downside penetration of 1.318 will call for a slide towards 1.314 & 1.31.

Comment: the pair is facing a pull back on its support, the RSI calls for caution.

Trend: ST Ltd Downside; MT Range

Key levels Comment

1.3375** Intraday resistance
1.332** Intraday resistance
1.328*** Intraday resistance
1.3192 Last
1.318*** Intraday pivot point
1.314*** Intraday support
1.31*** Intraday support

Technical Analysis – Time MetaTrader4