EUR/CAD                   24/9/2013

1 week Trend:   (=)  1 month Trend:  (=)
EUR/CAD intraday: the RSI is oversold
Our pivot point is at 1.39.

Our preference: eye 1.385.

Alternative scenario: the upside breakout of 1.39, would call for 1.392 and 1.393.

Comment: the RSI is below 30. It could either mean that the pair is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is below its 20 MA (1.3904) but above its 50 MA (1.3875).

Supports and resistances:
1.392 *
1.39 **
1.39
1.38799 last
1.386
1.385 **
1.384 *

EUR/USD                   24/9/2013

1 week Trend:  (=)  1 month Trend:   (=)
EUR/USD intraday: under pressure.
Pivot: 1.355

Our preference: Short positions below 1.355 with targets @ 1.3475 & 1.345 in extension.

Alternative scenario: Above 1.355 look for further upside with 1.358 & 1.3615 as targets.

Comment: the pair remains under pressure and is challenging its support.

Key levels
1.3615
1.358
1.355
1.34958 last
1.3475
1.345
1.34

Gold                           24/9/2013

1 week Trend:   (=)  1 month Trend:  (=)
GOLD‏ (Spot) intraday: the downside prevails.
Pivot: 1332.00

Our preference: SHORT positions below 1332 with 1307 & 1291 as next targets.

Alternative scenario: The upside penetration of 1332 will call for 1346 & 1358.

Comment: as long as 1332 is resistance, look for choppy price action with a bearish bias.

Trend: ST Bearish; MT Bearish

Key levels Comment

1358** Intraday resistance
1346** Fib retracement (50%)
1332** Intraday pivot point
1317.49 Last
1307** Intraday support
1291** Intraday support
1272** Intraday support

Technical Analysis – Time MetaTrader4