AUD/CAD                    1/10/2013

1 week Trend:   (+2)  1 month Trend:  (+2)
AUD/CAD intraday: the RSI is overbought
Our pivot point is at 0.969.

Our preference: the upside prevails as long as 0.969 is support.

Alternative scenario: the downside breakout of 0.969 would call for 0.968 and 0.967.

Comment: the RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 0.9624 and 0.9638). Finally, the AUD/CAD is trading above its upper Bollinger band (standing at 0.9706).

Supports and resistances:
0.976 *
0.975 **
0.974
0.97161 last
0.97
0.969 **
0.968 *

EUR/USD                  01/10/2013

1 week Trend:  (=)  1 month Trend:   (=)
EUR/USD intraday: the upside prevails.
Pivot: 1.3535

Our preference: Long positions above 1.3535 with targets @ 1.357 & 1.3595 in extension.

Alternative scenario: Below 1.3535 look for further downside with 1.351 & 1.349 as targets.

Comment: the pair is rebounding on its new support as the RSI is reversing up.

Key levels
1.361
1.3595
1.357
1.3558 last
1.3535
1.351
1.349

USD/CHF                  01/10/2013
 

1 week Trend:  (=)  1 month Trend:   (=)
USD/CHF intraday: under pressure.
Pivot: 0.9075

Our preference: Short positions below 0.9075 with targets @ 0.899 & 0.897 in extension.

Alternative scenario: Above 0.9075 look for further upside with 0.909 & 0.9115 as targets.

Comment: the pair is posting a rebound but stands below its resistance.

Key levels
0.9115
0.909
0.9075
0.90318 last
0.899
0.897
0.8945

Gold                          01/10/2013

1 week Trend:   (=)  1 month Trend:  (=)
GOLD‏ (Spot) intraday: rebound in sight.
Pivot: 1320.00

Our preference: LONG positions above 1320 with 1352 & 1359 in sight.

Alternative scenario: The downside breakout of 1320 will open the way to 1306 & 1291.

Comment: the RSI is above its neutrality area at 50%.

Trend: ST Bearish; MT Bearish

Key levels Comment

1375** Intraday resistance
1359** Intraday resistance
1352** Intraday resistance
1330.64 Last
1320*** Intraday pivot point
1306** Intraday support
1291** Intraday support

Technical Analysis – Time MetaTrader4