Tue 29/01/2013

AUD/USD intraday: bullish bias above 1.04. Pivot: 1.04 Our preference: Long positions above 1.04 with targets @ 1.047 & 1.05 in extension. Alternative scenario: Below 1.04 look for further downside with 1.038 & 1.036 as targets. Comment: the pair has broken above a declining trend line and should post further advance as the RSI is well directed and stands below its overbought area. NEXT

EUR/JPY intraday: the upside prevails. 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 support and remains on the upside, the RSI stands around its neutral area and lacks downward momentum. PREVIOUS  NEXT

NZD/USD intraday: bullish bias above 0.8325. Pivot: 0.8325 Our preference: Long positions above 0.8325 with targets @ 0.839 & 0.8425 in extension. Alternative scenario: Below 0.8325 look for further downside with 0.83 & 0.827 as targets. Comment: the pair is rebounding and has broken above its resistance, further advance is likely as the RSI is well directed and stands below its overbought area. PREVIOUS  NEXT

EUR/USD intraday: bullish bias above 1.3425 Pivot: 1.3425. Our preference: LONG positions @ 1.3435 with 1.348 & 1.3505 in sight. Alternative scenario: The downside penetration of 1.3425 will call for a slide towards 1.3395 & 1.3345. Comment: the pair stands above its new intraday support and remains on the upside, the RSI stands around its neutral area. PREVIOUS  NEXT

GBP/USD intraday: the downside prevails. Pivot: 1.5750. Our preference: SHORT positions @ 1.574 with targets @ 1.567 & 1.5635. Alternative scenario: The upside penetration of 1.575 will call for 1.579 & 1.582. Comment: the pair is posting a rebound but remains capped by a declining trend line as the RSI lacks upward momentum around its neutral area. PREVIOUS  NEXT

GOLD (Spot) intraday: the downside prevails. Pivot: 1672.00 Our preference: SHORT positions below 1672 with targets @ 1652 & 1643. Alternative scenario: The upside breakout of 1672 will open the way to 1676 & 1684. Comment: the price remains below its resistance. The RSI lacks upward momentum. As long as the resistance at 1672 is not surpassed, the risk of the break below 1652 remains high. PREVIOUS  NEXT

Crude Oil (Mar 13) intraday: bullish bias above 95.4 Pivot: 95.40 Our preference: LONG positions above 95.4 with 96.9 & 97.7 as next targets. Alternative scenario: The downside penetration of 95.4 will call for a slide towards 94.95 & 94.1. Comment: the RSI is supported by a rising trend line. PREVIOUS NEXT

Dax (Mar 13) intraday: consolidation. Pivot: 7753 Our preference: LONG positions above 7753 with targets @ 7890 & 7920. Alternative scenario: The downside penetration of 7753 will call for a slide towards 7635 & 7571. Comment: the RSI lacks upward momentum. PREVIOUS