USD/CHF                    1/3/2013

1 week Trend:   (=)  1 month Trend:  (=)
USD/CHF intraday: the upside prevails.
Pivot: 0.931

Our preference: Long positions above 0.931 with targets @ 0.939 & 0.9425 in extension.

Alternative scenario: Below 0.931 look for further downside with 0.928 & 0.926 as targets.

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

Key levels
0.945
0.9425
0.939
0.93516 last
0.931
0.928
0.926

USD/JPY                    1/3/2013   
1 week Trend:  (=)  1 month Trend:   (=)
USD/JPY intraday: the upside prevails.
Pivot: 92.4

Our preference: Long positions above 92.4 with targets @ 92.8 & 93.1 in extension.

Alternative scenario: Below 92.4 look for further downside with 92 & 91.55 as targets.

Comment: the pair is rebounding on its support and should post further advance, the RSI is well directed.

Key levels
93.6
93.1
92.8
92.636 last
92.4
92
91.55

GBP/USD                    1/3/2013

1 week Trend:   (=)  1 month Trend:  (=)
GBP/USD intraday: the bias remains bullish.
Pivot: 1.5145

Our preference: Long positions above 1.5145 with targets @ 1.522 & 1.528 in extension.

Alternative scenario: Below 1.5145 look for further downside with 1.511 & 1.507 as targets.

Comment: the pair stands above its support, the RSI is supported by a rising trend line.

Key levels
1.532
1.528
1.522
1.5169 last
1.5145
1.511
1.507

EUR/USD                    1/3/2013

1 week Trend:  (=)  1 month Trend:  (=)
EUR/USD intraday: caution.
Pivot: 1.3095

Our preference: Short positions below 1.3095 with targets @ 1.3035 & 1.301 in extension.

Alternative scenario: Above 1.3095 look for further upside with 1.3165 & 1.3205 as targets.

Comment: the pair is rebounding and is challenging its resistance, caution.

Key levels
1.3205
1.3165
1.3095
1.30918 last
1.3035
1.301
1.299

NZD/USD                    1/3/2013

1 week Trend:  (=)  1 month Trend:   (=)
NZD/USD intraday: key resistance at 0.829.
Pivot: 0.829

Our preference: Short positions below 0.829 with targets @ 0.822 & 0.8205 in extension.

Alternative scenario: Above 0.829 look for further upside with 0.8325 & 0.8355 as targets.

Comment: the upward potential is likely to be limited by the resistance at 0.829.

Key levels
0.8355
0.8325
0.829
0.8271 last
0.822
0.8205
0.8185

Technical Analysis – Time MetaTrader4