GBP/USD                      22/03/2013  

1 week Trend:   (=)   1 month Trend:  (=)
GBP/USD intraday: the upside prevails.
Pivot: 1.514

Our preference: Long positions above 1.514 with targets @ 1.52 & 1.5235 in extension.

Alternative scenario: Below 1.514 look for further downside with 1.5105 & 1.5065 as targets.

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

Key levels
1.527
1.5235
1.52
1.5184 last
1.514
1.5105
1.5065

EUR/USD             22/03/2013
 

1 week Trend:  (=) 1 month Trend:  (=)

EUR/USD intraday: caution.
Pivot: 1.2885

Our preference: Long positions above 1.2885 with targets @ 1.2935 & 1.298 in extension.

Alternative scenario: Below 1.2885 look for further downside with 1.284 & 1.2815 as targets.

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

Key levels
1.304
1.298
1.2935
1.29013 last
1.2885
1.284
1.2815

EUR/GBP             22/03/2013
 

1 week Trend:  (=) 1 month Trend:   (=)
EUR/GBP intraday: under pressure.
Pivot: 0.8535

Our preference: Short positions below 0.8535 with targets @ 0.847 & 0.845 in extension.

Alternative scenario: Above 0.8535 look for further upside with 0.8565 & 0.86 as targets.

Comment: the pair is on the downside and is breaking below its previous low, the RSI is badly directed.

Key levels
0.86
0.8565
0.8535
0.84935 last
0.847
0.845
0.8425

Crude Oil (NYMEX)            22/03/2013   

1 week Trend:   (=)   1 month Trend:  (=)
Crude Oil‏ (May 13) intraday: the downside prevails.
Pivot: 93.50

Our preference: SHORT positions below 93.5 with 91.6 & 90.75 as next targets.

Alternative scenario: The upside penetration of 93.5 will call for 93.9 & 94.45.

Comment: as long as 93.5 is resistance, look for choppy price action with a bearish bias.

Trend: ST Ltd upside; MT Range

Key levels Comment

94.45** Intraday resistance
93.9** Intraday resistance
93.5** Intraday pivot point
92.54 Last
91.6** Intraday support
90.75** Intraday support
90.05** Intraday support

Technical Analysis – Time MetaTrader4