Mon 28/01/2013

AUD/USD intraday: key ST resistance at 1.0435. Pivot: 1.0435 Our preference: Short positions below 1.0435 with targets @ 1.039 & 1.036 in extension. Alternative scenario: Above 1.0435 look for further upside with 1.047 & 1.05 as targets. Comment: the pair stands below its new resistance and remains under pressure as the RSI lacks upward momentum and stands below its neutral area. NEXT

EUR/JPY intraday: bullish bias above 121.3. Pivot: 121.3 Our preference: Long @ 121.37 with targets @ 122.9 & 123.5 in extension. Alternative scenario: Below 121.3 look for further downside with 120.65 & 120.05 as targets. Comment: the pair stands above its new support and remains on the upside even though a pull back should not be ruled out, the RSI stands around its neutral area. PREVIOUS  NEXT

NZD/USD intraday: key resistance at 0.837. Pivot: 0.837 Our preference: Short positions below 0.837 with targets @ 0.834 & 0.832 in extension. Alternative scenario: Above 0.837 look for further upside with 0.839 & 0.8405 as targets. Comment: the pair remains under pressure and is challenging its support, the RSI stands below its neutral area. PREVIOUS  NEXT

EUR/USD intraday: the bias remains bullish. Pivot: 1.3395. Our preference: LONG positions @ 1.3405 with 1.348 & 1.353 as next targets. Alternative scenario: The downside penetration of 1.3395 will call for 1.3345 & 1.3325. Comment: the pair has broken above its previous high and remains on the upside even though a consolidation should not be ruled out, the RSI stands above its neutral area. PREVIOUS  NEXT

GBP/USD intraday: the downside prevails. Pivot: 1.5790. Our preference: SHORT positions @ 1.578 with targets @ 1.574 & 1.5715. Alternative scenario: The upside breakout of 1.579 will open the way to 1.582 & 1.585. Comment: the pair remains capped by a declining trend line and is chalenging its previous low, the RSI is badly directed but stands above its oversold area. PREVIOUS  NEXT

GOLD (Spot) intraday: key ST resistance at 1672 Pivot: 1672.00 Our preference: SHORT positions below 1672 with 1653 & 1643 in sight. Alternative scenario: The upside breakout of 1672 will open the way to 1676 & 1684. Comment: the 50 moving average remains on the downside. Technical indicators do not post any reversal sign. As long as 1672 is resistance, look for choppy price action with a bearish bias. PREVIOUS  NEXT

Crude Oil (Mar 13) intraday: the bias remains bullish. Pivot: 95.40 Our preference: LONG positions above 95.4 with 96.5 & 96.9 in sight. Alternative scenario: The downside breakout of 95.4 will open the way to 94.95 & 94.1. Comment: the RSI is mixed with a bullish bias. PREVIOUS NEXT

Dax (Mar 13) intraday: consolidation. Pivot: 7753 Our preference: LONG positions above 7753 with 7890 & 7920 in sight. Alternative scenario: The downside breakout of 7753 will open the way to 7635 & 7571. Comment: the RSI lacks upward momentum. PREVIOUS