USD/JPY                  07/10/2013
 

1 week Trend:   (=)  1 month Trend:  (=)
USD/JPY intraday: the downside prevails.
Pivot: 97.55

Our preference: Short positions below 97.55 with targets @ 96.8 & 96.35 in extension.

Alternative scenario: Above 97.55 look for further upside with 97.85 & 98.1 as targets.

Comment: the pair stands below its resistance and remains under pressure.

Key levels
98.1
97.85
97.55
96.936 last
96.8
96.35
95.9

EUR/USD                  07/10/2013
 

1 week Trend:   (=)  1 month Trend:  (=)
EUR/USD intraday: key resistance at 1.359.
Pivot: 1.359

Our preference: Short @ 1.358 with targets @ 1.3535 & 1.3505 in extension.

Alternative scenario: Above 1.359 look for further upside with 1.3615 & 1.3645 as targets.

Comment: the pair is posting a rebound but stands below its resistance and remains capped by a declining trend line.

Key levels
1.3645
1.3615
1.359
1.35737 last
1.3535
1.3505
1.348

EUR/JPY                  07/10/2013

1 week Trend:  (=)  1 month Trend:  (=)
EUR/JPY intraday: the downside prevails.
Pivot: 132.15

Our preference: Short positions below 132.15 with targets @ 131.4 & 131 in extension.

Alternative scenario: Above 132.15 look for further upside with 132.55 & 133.2 as targets.

Comment: the pair stands below its new resistance and remains under pressure.

Key levels
133.2
132.55
132.15
131.578 last
131.4
131
130.45

Gold                          07/10/2013
 

1 week Trend:  (=)  1 month Trend:   (=)
Gold MT: the downside prevails.
Pivot: 1376.

Our Preference: As long as 1376 is resistance look for a drop towards 1273 & 1180.

Alternative scenario: An upside breakout of 1376 would open the way towards 1522.

Comment: a bearish flag pattern is confirmed, calling for a new down leg. The 20-day moving average crossed below the 50-day moving average (death cross).

Trend: ST Bearish; MT Bearish, we have been bearish since 13 SEP 2013 (1310).

Key levels Comment

1522 Key horizontal resistance
1434 Horizontal resistance
1376 Pivot point
1313 Last
1273 Horizontal support
1180 Horizontal support
1080 Fib retracement (50%)

Technical Analysis – Time MetaTrader4