EUR/CAD                  03/10/2013
  

1 week Trend:   (=)  1 month Trend:  (=)
EUR/CAD intraday: the upside prevails as long as 1.405 is support
Our pivot point is at 1.405.

Our preference: the upside prevails as long as 1.405 is support.

Alternative scenario: the downside breakout of 1.405 would call for 1.404 and 1.403.

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 1.4019 and 1.3974).

Supports and resistances:
1.411 *
1.41 **
1.409
1.40608 last
1.405
1.405 **
1.404 *

USD/CHF                  03/10/2013

1 week Trend:  (=)  1 month Trend:   (=)
USD/CHF intraday: under pressure.
Pivot: 0.903

Our preference: Short positions below 0.903 with targets @ 0.899 & 0.8955 in extension.

Alternative scenario: Above 0.903 look for further upside with 0.906 & 0.9075 as targets.

Comment: the pair has struck against its resistance and remains under pressure.

Key levels
0.9075
0.906
0.903
0.9014 last
0.899
0.8955
0.8935

EUR/USD                  03/10/2013
 

1 week Trend:  (=)  1 month Trend:   (=)
EUR/USD intraday: the bias remains bullish.
Pivot: 1.356

Our preference: Long positions above 1.356 with targets @ 1.364 & 1.367 in extension.

Alternative scenario: Below 1.356 look for further downside with 1.354 & 1.3505 as targets.

Comment: the pair stands above its new support and remains on the upside.

Key levels
1.37
1.367
1.364
1.36114 last
1.356
1.354
1.3505

Gold                          03/10/2013
 

1 week Trend:   (=)  1 month Trend:  (=)
GOLD‏ (Spot) intraday: bounce.
Pivot: 1296.00

Our preference: LONG positions above 1296 with 1323 & 1337 in sight.

Alternative scenario: The downside breakout of 1296 will open the way to 1283 & 1277.

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

Trend: ST Bearish; MT Bearish

Key levels Comment

1343** Intraday resistance
1337* Intraday resistance
1323** Intraday resistance
1308.97 Last
1296** Intraday pivot point
1283** Intraday support
1277** Intraday support

Technical Analysis – Time MetaTrader4