Friday, September 28, 2012

USD/CHF intraday: under pressure.


Pivot: 0.939
Our preference: Short positions below 0.939 with targets @ 0.934 & 0.932 in extension.
Alternative scenario: Above 0.939 look for further upside with 0.9415 & 0.943 as targets.
Comment: the pair remains under pressure and is challenging its support.

By at

USD/JPY intraday: the downside prevails.


Pivot: 77.8
Our preference: Short positions below 77.8 with targets @ 77.35 & 77.1 in extension.
Alternative scenario: Above 77.8 look for further upside with 77.95 & 78.15 as targets.
Comment: as long as 77.8 is resistance, likely decline to 77.35.

By at

GBP/USD intraday: further advance.


Pivot: 1.621
Our preference: Long positions above 1.621 with targets @ 1.628 & 1.6305 in extension.
Alternative scenario: Below 1.621 look for further downside with 1.617 & 1.6130 as targets.
Comment: the pair has validated a bullish flag and should post further advance.

By at

EUR/USD intraday: the upside prevails.


Pivot: 1.288
Our preference: Long positions above 1.288 with targets @ 1.295 & 1.298 in extension.
Alternative scenario: Below 1.288 look for further downside with 1.283 & 1.2805 as targets.
Comment: the pair has broken above its bullish flag upper boundary and remains on the upside.

By at

GBP/JPY intraday: key ST resistance at 126.2.


Pivot: 126.2
Our preference: Short positions below 126.2 with targets @ 125.4 & 124.9 in extension.
Alternative scenario: Above 126.2 look for further upside with 126.8 & 127.15 as targets.
Comment: as long as 126.2 is resistance, look for choppy price action with a bearish bias.

By at

EUR/JPY intraday: key ST resistance at 100.5.


Pivot: 100.5
Our preference; Short positions below 100.5 with targets @ 99.65 & 99.05 in extension.
Alternative scenario: Above 100.5 look for further upside with 101 & 101.7 as targets.
Comment: as long as 100.5 is resistance, likely decline to 99.65.

By at

USD/RON intraday: the downside prevails as long as 3.502 is resistance


3.502 is our pivot point.
Our preference: the downside prevails as long as 3.502 is resistance.
Alternative scenario: the upside breakout of 3.502 , would call for 3.508 and 3.511.
Comment: the RSI is below its neutrality area at 50.The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 3.5061 and 3.5002).

By at

EUR/RON intraday: the upside prevails as long as 4.516 is support


Our pivot point is at 4.516.
Our preference: the upside prevails as long as 4.516 is support.
Alternative scenario: the downside breakout of 4.516 would call for 4.513 and 4.512.
Comment: the RSI is above its neutrality area at 50. 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 4.5184 and 4.5158).

By at

GBP/USD intraday: further advance.


Pivot: 1.6210.
Our preference: LONG positions above 1.621 with 1.628 & 1.6305 as next targets.
Alternative scenario: The downside penetration of 1.621 will call for 1.617 & 1.613.
Comment: the pair has validated a bullish flag and should post further advance.

By at

USD/CAD intraday: the downside prevails.


Pivot: 0.9815
Our preference: Short positions below 0.9815 with targets @ 0.9775 & 0.976 in extension.
Alternative scenario: Above 0.9815 look for further upside with 0.984 & 0.986 as targets
Comment: the RSI lacks upward momentum.

By at

AUD/USD intraday: bullish bias above 1.0415.


Pivot: 1.0415
Our preference: LONG positions above 1.0415 with targets @ 1.0495 & 1.052 in extension.
Alternative scenario: Below 1.0415 look for further downside with 1.04 & 1.037 as targets.
Comment: the next resistance are at 1.0495 and then at 1.052.

By at

USD/CHF intraday: under pressure.


Pivot: 0.94.
Our preference: SHORT positions below 0.939 with 0.932 & 0.93 as next targets.
Alternative scenario: The upside penetration of 0.939 will call for 0.9415 & 0.943.
Comment: the pair has broken below its support and remains under pressure.

By at

USD/JPY intraday: under pressure.


Pivot: 77.80.
Our preference: SHORT positions below 77.8 with 77.35 & 77.1 as next targets.
Alternative scenario: The upside penetration of 77.8 will call for 77.95 & 78.15.
Comment: the pair has broken below its support and remains on the downside.

By at

GBP/USD intraday: further advance.


Comment: the pair has validated a bullish flag and should post further advance.
Pivot: 1.6210.
Our preference: SHORT  positions below 1.621 with 1.621 & 1.617 as next targets.
Alternative scenario: The upside breakout of 1.621 will open the way to 1.6205 & 1.634.
Comment: the pair has validated a bullish flag and should post further advance.
By at

EUR/USD intraday: the upside prevails.


Pivot: 1.2880
Our preference: LONG positions above 1.288 with 1.298 as next targets.
Alternative scenario: The downside breakout of 1.288 will open the way to 1.283 & 1.2805.
Comment: the pair has broken above a bullish flag upper boundary and should post further advance.

By at

GBP/JPY intraday: key ST resistance at 126.2.


Pivot: 126.2
Our preference: Short positions below 126.2 with targets @ 125.4 & 124.9 in extension.
Alternative scenario: Above 126.2 look for further upside with 126.8 & 127.15 as targets.
Comment: as long as 126.2 is resistance, look for choppy price action with a bearish bias.

By at

EUR/JPY intraday: key ST resistance at 100.5.


Pivot: 100.5
Our preference: Short positions below 100.5 with targets @ 99.65 & 99.05 in extension.
Alternative scenario: Above 100.5 look for further upside with 101 & 101.7 as targets.
Comment: as long as 100.5 is resistance, likely decline to 99.65.

By at

EUR/GBP intraday: the upside prevails.


Pivot: 0.79.
Our preference: LONG positions above 0.794 with 0.7975 & 0.7985 in sight.
Alternative scenario: The downside penetration of 0.794 will call for a slide towards 0.792 & 0.7905.
Comment: the pair stands above its new support and remains on the upside.

By at

Thursday, September 27, 2012

AUD/USD intraday: key ST resistance at 1.042


Pivot: 1.042
Our preference: Short positions below 1.042 with targets @ 1.033 & 1.03 in extension.
Alternative scenario: Above 1.042 look for further upside with 1.0445 & 1.046 as targets.
Comment: The intraday bearish channel resistance maintains a downside pressure.

By at

USD/CAD intraday: intraday support around 0.9815.


pivot: 0.9815
Our preference: Long positions above 0.9815 with targets @ 0.986 & 0.989 in extension.
Alternative scenario: Below 0.9815 look for further downside with 0.978 & 0.976 as targets,
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

By at

NZD/USD intraday: bullish bias above 0.8215.


Pivot: 0.8215
Our preference: Long positions above 0.8215 with targets @ 0.828 & 0.8315 in extension.
Alternative scenario: Below 0.8215 look for further downside with 0.8175 & 0.8155 as targets.
Comment: technically, the RSI is above its neutrality area at 50.

By at

USD/COP: under pressure.


Pivot: 1830
Our preference: Short positions below 1830 with targets @ 1767 & 1745 in extension.
Alternative scenario: Above 1830 look for further upside with 1847 & 1860 as targets.
Comment: the RSI is mixed to bearish.

By at

USD/BRL intraday: under pressure.


Pivot: 2.04
Our preference: Short positions below 2.04 with targets @ 2.005 & 1.975 in extension.
Alternative scenario: Above 2.04 look for further upside with 2.06 & 2.075 as targets.
Comment: the pair is posting a rebound but stands below its resistance.

By at

EUR/MXN intraday: the downside prevails.


Pivot: 16.75
Our preference: Short positions below 16.75 with targets @ 16.52 & 16.44 in extension.
Alternative scenario: Above 16.75 look for further upside with 16.85 & 17 as targets.
Comment: the pair has broken below its support and remains under pressure.

By at

USD/MXN intraday: key resistance at 12.95.


Pivot: 12.95
Our preference: Short positions below 12.65 with targets @ 12.8 & 12.68 in extension.
Alternative scenario: Above 12.95 look for further upside with 13.05 & 13.15 as targets.
Comment: the upward potential is likely to be limited by the resistance at 12.95.

By at

EUR/CHF intraday: consolidation.


Pivot: 1.212
Our preference: Short positions below 1.212 with targets @ 1.2075 & 1.206 in extension.
Alternative scenario: Above 1.212 look for further upside with 1.213 & 1.215 as targets.
Comment: as long as 1.212 is resistance, look for choppy price action with a bearish bias.

By at

USD/CAD intraday: intraday support around 0.9815.


Pivot: 0.9815
Our preference: Long positions above 0.9815 with targets @ 0.986 & 0.989 in extension.
Alternative scenario: Below 0.9815 look for further downside with 0.978 & 0.976 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out,its extent should be limited.

By at

AUD/USD intraday: caution.


Pivot: 1.042
Our preference: Short positions below 1.042 with targets @ 1.033 & 1.03 in extension.
Alternative scenario: Above 1.042 look for further upside with 1.0445 & 1.046 as targets.
Comment: The intraday bearish channel resistance maintains a downside pressure.

By at

NZD/USD intraday: bullish bias above 0.8215.


Pivot: 0.8215
Our preference: Long positions above 0.8215 with targets @ 0.828 & 0.8315 in extension.
Alternative scenario: Below 0.8215 look for further downside with 0.8175 & 0.8155 as targets.
Comment: technically, the RSI is above its neutrality area at 50.

By at

USD/CHF intraday: bullish bias above 0.935.


Pivot: 0.935
Our preference: Long positions above 0.935 with targets @ 0.942 & 0.943 in extension.
Alternative scenario: Below 0.935 look for further downside with 0.932 & 0.93 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

By at

USD/JPY intraday: key ST resistance at 77.95.


Pivot: 77.95
Our preference: Short positions below 77.95 with targets @ 77.5 & 77.35 in extension.
Alternative scenario: Above 77.95 look for further upside with 78.15 & 78.35 as targets.
Comment: the pair stands below its resistance and remains under pressure.

By at

GBP/USD intraday: key ST resistance at 1.621.


Pivot: 1.621
Our preference: Short positions below 1.621 with targets @ 1.6155 & 1.613 in extension.
Alternative scenario: Above 1.621 look for further upside with 1.6235 & 1.626 as targets.
Comment: the pair has struck against its resistance and remains under pressure.

By at

EUR/USD intraday: capped by a negative trend line.


Pivot: 1.2915

Our preference: Short positions below 1.2915 with targets @ 1.283 & 1.2805 in extension.

Alternative scenario: Above 1.2915 look for further upside with 1.295 & 1.297 as targets.

Comment: the pair remains within a bearish channel and stands below its new resistance.

By at

EUR/USD intraday: capped by a negative trend line.


Pivot: 1.2915
Our preference: Short positions below 1.2915 with targets @ 1.283 & 1.2805 in extension.
Alternative scenario: Above 1.2915 look for further upside with 1.295 & 1.297 as targets.
Comment: the pair remains within a bearish channel and  stands below its new resistance.

By at

GBP/JPY intraday: under pressure.


Pivot: 126.2
Our preference: Short positions below 126.2 with targets @ 125.4 & 124.9 in extension.
Alternative scenario: Above 126.2 look for further upside with 126.8 & 127.15 as targets.
Comment: as long as 126.2 is resistance, look for choppy price action with a bearish bias.

By at

EUR/JPY intraday: key ST resistance at 100.5.


Pivot: 100.5
Our preference: Short positions below 100.5 with targets @ 99.65 & 99.05 in extension.
Alternative scenario: Above 100.5 look for further upside with 101 & 101.7 as targets.
Comment: as long as 100.5 is resistance, likely decline to 99.65.

By at

EUR/GBP intraday: the bias remains bullish.


Pivot: 0.793
Our preference: Long positions above 0.793 with targets @ 0.7975 & 0.8 in extension.
Alternative scenario: Below 0.793 look for further downside with 0.7905 & 0.788 as targets.
Comment: the RSI lacks downward momentum.

By at

USD/SEK intraday: as long as 6.572 is support look for 6.612


Our pivot point stands at 6.572.
Our preference: as long as 6.572 is support look for 6.612.
Alternative scenario: below 6.572, expect 6.559 and 6.552.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace.
Moreover, the pair is below its 20 MA (6.5862) but above its 50 MA (6.5729).

By at

USD/NOK intraday: as long as 5.734 is support look for 5.768


Our pivot point stands at 5.734.
Our preference: as long as 5.734 is support look for 5.768.
Alternative scenario: below 5.734, expect 5.723 and 5.718.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace.
Moreover, the pair is above its 20 and 50 MAs (respectively at 5.742 and 5.74).

By at

EUR/NOK intraday: rebound


Our pivot point is at 7.397.
Our preference: rebound.
 Alternative scenario: below 7.397, expect 7.389 and 7.383.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the pair is trading above its 20 MA (7.3969) but under its 50 MA (7.4193).

By at

EUR/SEK intraday: rebound


8.473 is our pivot point.
Our preference: rebound.
Alternative scenario: the downside breakout of 8.473 would call for 8.46 and 8.453.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the pair stands above its 20 MA (8.4846) but below its 50 MA (8.4953).

By at

USD/JPY intraday: under pressure.


Pivot: 77.95.
Our preference: SHORT positions below 77.95 with 77.5 & 77.35 in sight.
Alternative scenario: The upside penetration of 77.95 will call for a rebound towards 78.15 & 78.35.
Comment: the pair remains on the downside and is approaching its support.

By at

NZD/USD intraday: bullish bias above 0.8215.


Pivot: 0.8215
Our preference:Long positions above 0.8215 with targets @ 0.828 & 0.8315 in extension.
Alternative scenario: Below 0.8215 look for further downside with 0.8175 & 0.8155 as targets.
Comment: technically, the RSI is above its neutrality area at 50.

By at

EUR/CHF intraday: consolidation.


Pivot: 1.212
Our preference: Short positions below 1.212 with targets @ 1.2075 & 1.2075 in extension.
Alternative scenario: Above 1.212 look for further upside with 1.213 & 1.215 as targets.
Comment: as long as 1.212 is resistance, look for choppy price action with a bearish bias.

By at

USD/CAD intraday: intraday support around 0.9815.


Pivot: 0.9815
Our preference: Long positions above 0.9815 with targets @ 0.986 & 0.989 in extension.
Alternative scenario: Below 0.9815 look for further downside with 0.978 & 0.976 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

By at

AUD/USD intraday: caution.


Pivot: 1.042
Our preference: Short positions below 1.042 with targets @ 1.033 & 1.03 in extension.
Alternative scenario: Above 1.042 look for further upside with 1.0445 & 1.046 as targets.
Comment: The intraday bearish channel resistance maintains a downside pressure.

By at

USD/CHF intraday: the upside prevails.


Pivot: 0.94.
Our preference: LONG positions above 0.9325 with 0.942 & 0.943 in sight.
Alternative scenario: The downside penetration of 0.935 will call for 0.932 & 0.93.
Comment: the pair is facing a pull back on its support.

By at

USD/JPY intraday: under pressure.


Pivot: 77.95.
Our preference: SHORT positions below 77.95 with 77.6 & 77.35 in sight.
Alternative scenario: The upside penetration of 77.95 will call for a rebound towards 78.15 & 78.35.
Comment: the pair remains on the downside and is approaching its support.

By at

GBP/USD intraday: under pressure


Pivot: 1.6210.
Our preference: SHORT positions below 1.621 with targets @ 1.613 & 1.61.
Alternative scenario: The upside penetration of 1.621 will call for a rebound towards 1.6235 & 1.626.
Comment:  the pair is posting a rebound but stands below its new resistance.

By at

USD/CHF intraday: the upside prevails.


Pivot: 0.94.
Our preference: LONG positions above 0.935 with 0.942 & 0.943 in sight.
Alternative scenario: The downside penetration of 0.935 will call for 0.932 & 0.93.
Comment: the pair is facing a pull back on its support.
By at

USD/JPY intraday: under pressure.


Pivot: 77.95.
Our preference: SHORT positions below 77.95 with 77.6 & 77.35 in sight.
Alternative scenario: The upside penetration of 77.95 will call for a rebound towards 78.15 & 78.35.
Comment: the pair remains on the downside and is approaching its support.

By at

EUR/USD intraday: capped by a negative trend line.


Pivot: 1.2915.
Our preference: SHORT positions @ 1.2905 with 1.283 & 1.2805 as next targets.
Alternative scenario: The upside breakout of 1.2915 will open the way to 1.295 & 1.297.
Comment: the pair is posting a rebound but remains within a bearish channel.

By at

GBP/JPY intraday: under pressure.


Pivot: 126.2
Our preference: Short @ 126.05 with targets @ 125.4 & 124.9 in extension.
Alternative scenario: Above 126.2 look for further upside with 126.8 & 127.15 as targets.
Comment: as long as 126.2 is resistance, look for choppy price action with a bearish bias.

By at

EUR/JPY intraday: key ST resistance at 100.5.


Pivot: 100.5
Our preference: Short @ 100.43 with targets @ 99.65 & 99.05 in extension.
Alternative scenario: Above 100.5 look for further upside with 101 & 101.7 as targets.
Comment: as long as 100.5 is resistance, likely decline to 99.65.

By at

Wednesday, September 26, 2012

EUR/CHF intraday: consolidation.


Pivot: 1.212
Our preference: Short positions below 1.212 with targets @ 1.2075 & 1.206 in extension.
Alternative scenario: Above 1.212 look for further upside with 1.213 & 1.215 as targets.
Comment: as long as 1.212 is resistance, look for choppy price action with a bearish bias.

By at

EUR/GBP MT: the downside prevails.

Pivot: 0.8150
Our preference: SHORT below 0.8150 with targets @ 0.7935 & 0.782.
Alternative Scenario: Above 0.8150 aim @ 0.83.
Comment: the pair has struck against its resistance and is shaping a bearish flag.

By at

GBP/JPY MT: the upside prevails.


Pivot: 122.50
Our preference: LONG positions above 122.5 with 130 & 132 in sight.
Alternative scenario: Below 122.5 look for further weakness to 119.5.
Comment: the pair is facing a pull back ahead of further up move.

By at

EUR/GBP MT: the downside prevails.


Pivot: 0.8150
Our preference: SHORT below 0.8150 with targets @ 0.7935 & 0.782.
Alternative Scenario: Above 0.8150 aim @ 0.83.
Comment: the pair has struck against its resistance and is shaping a bearish flag.

By at

EUR/CHF MT: the upside prevails.


Pivot: 1.1900
Our preference: LONG above 1.19 with 1.22 & 1.2440 in sight.
Alternative Scenario: Below 1.19 look for further weakness to 1.14.
Comment: the pair stands above its support.

By at

EUR/JPY MT: the upside prevails.


Pivot: 97.50
Our preference: LONG positions above 97.5 with 104.5 & 108.8 in sight.
Alternative Scenario: Below 97.5 down move to 95.5 & 94.
Comment: the pair has struck against its resistance and is facing a pull back.


By at

USD/CHF MT: under pressure.


Pivot: 0.9700
Our preference: Down move expected towards 0.9230 & 0.9030.
Alternative scenario: An upside breakout of 0.97 would call for further advance to 0.9950.
Comment:  the pair is posting a rebound but remains under pressure.

By at

GBP/USD MT: the upside prevails.


Pivot: 1.5750
Our preference: LONG  position above 1.5750 with targets at 1.645 or even 1.66.
Alternative scenario: A break below 1.5750 would call for further weakness to 1.5450.
Comment: the pair is facing a pull back ahead of further advance.
By at

CAD/JPY MT: the upside prevails.


Pivot: 76.55
Our preference: LONG positions above 76.55 with 81.80 & 85.05 in sight.
Alternative scenario: Below 76.55 look for further decline to 74.65.
Comment: the pair is facing a pull back ahead of further advance.

By at

NZD/JPY MT: the upside prevails.


Pivot: 62.10
Our preference: LONG  position above 62.10 with 66.50 & 69 in sight.
Alternative scenario: Below 62.10 look for downside to 60.90.
Comment: the pair is facing a pull back ahead of further advance.

By at

AUD/JPY MT: the upside prevails.



Pivot: 79.35

Our preference: LONG positions above 79.35 with 84.75 & 88.55 in sight.
Alternative scenario: Below 79.35 look for further decline to 76.80.
Comment: the RSI is mixed with a bullish bias.

By at

Dollar Index MT: under pressure.


Pivot: 82.35
Our preference: SHORT position below 82.35 with targets at 78.65 and 78.10.
Alternative scenario: Above 82.35 look for further recovery to 84.10.
Comment: the index is posting a rebound but stands below its resistance.

By at

AUD/USD MT: bullish bias above 1.009.


Pivot: 1.0090
Our preference: LONG positions above 1.0090 with 1.0620 & 1.0850 in sight.
Alternative Scenario: Below 1.0090 down move to 0.9650.
Comment: the pair has struck against its resistance and is facing a pull back.

By at

USD/CAD MT: under pressure.


Pivot: 10045
Our preference: SHORT positions below 1.0045 with 0.9630 & 0.9525 in sight.
Alternative Scenario: Above 1.0045 look for further upside to 1.0350.
Comment: the pair has broken below a key support area and remains under pressure.

By at

USD/CAD intraday: bullish bias above 0.9775.


Pivot: 0.9775
Our preference: Long positions above 0.9775 with targets @ 0.9835 & 0.986 in extension.
Alternative scenario: Below 0.9775 look for further downside with 0.9755 & 0.9725 as targets.
Comment: the RSI lacks downward momentum.

By at

USD/CHF intraday: bullish bias above 0.935.


Pivot: 0.935
Our preference: Long positions above 0.935 with targets @ 0.94 & 0.942 in extension.
Alternative scenario: Below 0.935 look for further downside with 0.932 & 0.93 as targets.
Comment: the pair remains on the upside and is challenging its resistance.

By at

USD/JPY intraday: under pressure.


Pivot: 77.95
Our preference: Short positions below 77.95 with targets @ 77.6 & 77.35 in extension.
Alternative scenario: Above 77.95 look for further upside with 78.15 & 78.35 as targets.
Comment: as long as 77.95 is resistance, likely decline to 77.6.

By at

AUD/USD intraday: the downside prevails.


Pivot: 1.041
Our preference: Short positions below 1.041 with targets @ 1.032 & 1.03 in extension.
Alternative scenario: Above 1.041 look for further upside with 1.0445 & 1.047 as targets.
Comment: the RSI is bearish and calls for further downside.

By at

GBP/USD intraday: under pressure.


Pivot: 1.621
Our preference: Short positions below 1.621 with targets @ 1.614 & 1.6125 in extension.
Alternative scenario: Above 1.621 look for further upside with 1.6235 & 1.626 as targets.
Comment: the pair has broken below its support and remains on the downside.

By at

EUR/USD intraday: the downside prevails.


Pivot: 1.2915
Our preference: Short positions below 1.2915 with targets @ 1.2855 & 1.283 in extension.
Alternative scenario: Above 1.2915 look for further upside with 1.295 & 1.297 as targets.
Comment: the pair remains within a bearish channel and stands below its new resistance.

By at

NZD/USD intraday: the downside prevails.


Pivot: 0.825
Our preference:Short positions below 0.825 with targets @ 0.8155 7 0.813 in extension.
Alternative scenario: Above 0.825 look for further upside with 0.828 & 0.8315 as targets.
Comment: the RSI is bearish and calls for further downside.

By at

EUR/CHF intraday: consolidation.


Pivot: 1.212
Our preference: Short positions below 1.212 with targets @ 1.2075 & 1.206 in extension.
Alternative scenario: Above 1.212 look for further upside with 1.213 & 1.215 as targets.
Comment: as long as 1.212 is resistance, look for choppy price action with a bearish bias.

By at

GBP/JPY intraday: under pressure.


Pivot: 126.2
Our preference: Short positions below 126.2 with targets @ 125.4 & 124.9 in extension.
Alternative scenario: Above 126.2 look for further upside with 126.8 & 127.15 as targets.
Comment: the pair stands below its new resistance and remains on the downside.

By at

EUR/JPY intraday: under pressure.


Pivot: 101
Our preference: Short positions below 101 with targets @ 99.65 & 99.05 in extension.
Alternative scenario: Above 101 look for further upside with 101.7 & 102 as targets.
Comment: the pair has broken below its support and remains on the downside.

By at

EUR/GBP intraday: bullish bias above 0.793.


Pivot: 0.793
Our preference: Long positions above 0.793 with targets @ 0.8 & 0.802 in extension.
Alternative scenario: Below 0.793 look for further downside with 0.7905 & 0.788 as targets.
Comment: the RSI lacks downward momentum.

By at

EUR/CHF intraday: consolidation.


Pivot: 1.212
Our preference: Short positions below 1.212 with targets @ 1.2075 & 1.206 in extension.
Alternative scenario: Above 1.212 look for further upside with 1.213 & 1.215 as targets.
Comment: as long as 1.212 is resistance, look for choppy price action with a bearish bias.

By at

NZD/USD intraday: the downside prevails.


Pivot: 0.825
Our preference: Short positions below 0.825 with targets @ 0.8155 & 0.813 in extension.
Alternative scenario: Above 0.825 look for further upside with 0.828 & 0.8315 as targets.
Comment: the RSI is bearish and calls for further downside.

By at

USD/JPY intraday: under pressure.


Pivot: 77.95.
Our preference: SHORT positions below 77.95 with 77.6 & 77.35 as next targets.
Alternative scenario: The upside penetration of 77.95 will call for 78.15 & 78.35.
Comment: the pair remains on the downside and s approaching its support.

By at

USD/CAD intraday: bullish bias above 0.9775.


Pivot: 0.9775
Our preference: Long positions above 0.9775 with targets @ 0.9835 & 0.986 in extension.
Alternative scenario: Below 0.9775 look for further downside with 0.9755 & 0.9725 as targets.
Comment: the RSI lacks downward momentum.

By at

AUD/USD intraday: the downside prevails.


Pivot: 1.041
Our preference: Short positions below 1.041 with targets @ 1.032 & 1.03 in extension.
Alternative scenario: Above 1.041 look for further upside with 1.0445 & 1.047 as targets.
Comment: the RSI is bearish and calls for further downside.

By at

USD/CHF intraday: the upside prevails.


Pivot: 0.94.
Our preference: LONG positions above 0.935 with targets @ 0.94 & 0.942.
Alternative scenario: The downside breakout of 0.935 will open the way to 0.932 & 0.93.
Comment: the pair is on the upside and is challenging its resistance.

By at

USD/JPY intraday: under pressure.


Pivot: 78.15.
Our preference: SHORT positions below 78.15 with targets @ 77.65 & 77.35.
Alternative scenario: The upside breakout of 78.15 will open the way to 78.35 & 78.5.
Comment: the pair remains on the downside and is approaching its support.

By at

GBP/USD intraday: under pressure.


Pivot: 1.6210.
Our preference: SHORT positions @ 1.62 with 1.614 & 1.6125 in sight.
Alternative scenario: The upside breakout of 1.621 will open the way to 1.6235 & 1.626.
Comment: the pair has broken below its support and remains on the downside.

By at

EUR/USD intraday: under pressure.


Pivot: 1.2950.
Our preference: SHORT positions @ 1.294 with targets @ 1.2855 & 1.283.
Alternative scenario: The upside penetration of 1.295 will call for 1.297 & 1.3.
Comment: the pair is breaking below its support and remains on the downside.

By at

GBP/JPY intraday: under pressure.


Pivot: 126.2
Our preference: Short @ 126.05 with targets @ 125.4 & 124.9 in extension.
Alternative scenario: Above 126.2 look for further upside with 126.8 & 127.15 as targets.
Comment: the pair has broken below its support and remains on the downside.

By at

EUR/JPY intraday: under pressure.


Pivot: 101
Our preference: Short @ 100.93 with targets @ 99.65 & 99.05 in extension.
Alternative scenario: Above 101 look for further upside with 101.7 & 102 as targets.
Comment: the pair is on the downside and is breaking below its support.

By at

Tuesday, September 25, 2012

GBP/USD intraday: under pressure.


Pivot: 1.627
Our preference: Short positions below 1.627 with targets @ 1.621 & 1.6185 in extension.
Alternative scenario: Above 1.627 look for further upside with 1.629 & 1.631 as targets.
Comment: the pair stands below its new resistance and remains under pressure.

By at

USD/CAD intraday: the upside prevails.

Pivot: 0.9775
Our preference: Long positions above 0.9775 with targets @ 0.9815 & 0.9835 in extension.
Alternative scenario: Below 0.9775 look for further downside with 0.9755 & 0.9725 as target
Comment: the pair is rebounding and should reach its next resistance.

By at

EUR/USD intraday: key resistance at 1.297.


Pivot: 1.297
Our preference: Short positions below 1.297 with targets @ 1.2885 & 1.2865 in extension.
Alternative scenario: Above 1.297 look for further upside with 1.3 & 1.3045 as targets.
Comment: the pair stands below its new resistance and remains with a bearish channel.

By at

USD/CAD intraday: the upside prevails.


Pivot: 0.9775
Our preference: Long positions above 0.9775 with targets @ 0.9815 & 0.9835 in extension.
Alternative scenario: Below 0.9775 look for further downside with 0.9755 & 0.9725 as targets.
Comment: the pair is rebounding and should reach its next resistance.

By at

USD/CAD intraday: the upside prevails.


Pivot: 0.9775
Our preference: Long positions above 0.9775 with targets @ 0.9815 & 0.9835 in extension.
Alternative scenario: Below 0.9775 look for further downside with 0.9755 & 0.9725 as targets.
Comment: the pair is rebounding and should reach its next resistance.

By at

USD/COP: under pressure.

Pivot: 1830
Our preference: Short positions below 1830 with targets @ 1767 & 1745 in extension.
Alternative scenario: Above 1830 look for further upside with 1847 & 1860 as targets.
Comment: the RSI is mixed to bearish.

By at

USD/COP: under pressure.

Pivot: 1830
Our preference: Short positions below 1830 with targets @ 1767 & 1745 in extension.
Alternative scenario: Above 1830 look for further upside with 1847 & 1860 as targets.
Comment: the RSI is mixed to bearish.


By at

USD/COP: under pressure.


Pivot: 1830
Our preference: Short positions below 1830 with targets @ 1767 & 1745 in extension.
Alternative scenario: Above 1830 look for further upside with 1847 & 1860 as targets.
Comment: the RSI is mixed to bearish.

By at

EUR/MXN intraday: intraday support around 16.6.


Pivot: 16.6
Our preference: Long positions above 16.6 with targets @ 16.85 & 17 in extension.
Alternative scenario: Below 16.6 look for further downside with 16.52 & 16.44 as targets.
Comment: the pair is pulling back on its support ahead of further advance.

By at

USD/CHF intraday: bullish bias above 0.932.


By at

USD/CHF intraday: bullish bias above 0.932.



By at

USD/MXN intraday: key resistance at 12.95.


Pivot: 12.95
Our preference: Short positions below 12.95 with targets @ 12.8 & 12.68 in extension.
Alternative scenario: Above 12.95 look for further upside with 13.05 & 13.15 as targets.
Comment: the upward potential is likely to be limited by the resistance at 12.95.

By at

USD/CHF intraday: bullish bias above 0.932.



Pivot: 0.932
Our preference: Long positions above 0.932 with targets @ 0.94 & 0.942 in extension.
Alternative scenario: Below 0.932 look for further downside with 0.93 & 0.9275 as targets.
Comment: the RSI is mixed to bullish.


By at

USD/JPY intraday: key ST resistance at 78.15.


Pivot: 78.15
Our preference: Short positions below 78.15 with targets @ 77.65 & 77.35 in extension.
Alternative scenario: Above 78.15 look for further upside with 78.35 & 78.5 as targets.
Comment: a break below 77.65 would trigger a drop towards 77.35.

By at

AUD/USD intraday: rebound.

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 & 1.0365 as targets.
Comment: the RSI is bullish and calls for further advance.

By at

NZD/USD intraday: caution.

Pivot: 0.825
Our preference: Short positions below 0.825 with targets @ 0.82 & 0.8175 in extension.
Alternative scenario: Above 0.825 look for further upside with 0.828 & 0.8315 as targets.
Comment: the RSI is mixed and calls for caution.

By at

NZD/USD intraday: caution.

Pivot: 0.825
Our preference: Short positions below 0.825 with targets @ 0.82 7 0.8175 in extension.
Alternative scenario: Above 0.825 look for further upside with 0.828 & 0.8315 as targets.
Comment: the RSI is mixed and calls for caution.

By at

GBP/USD intraday: caution.


Pivot: 1.625
Our preference: Short positions below 1.625 with targets @ 1.621 & 1.6185 in extension.
Alternative scenario: Above 1,625 look for further upside with 1.627 & 1.631 as targets.
Comment: the pair is rebounding and is challenging its resistance, caution.

By at

EUR/USD intraday: key resistance at 1.297.


Pivot: 1.297
Our preference: Short positions below 1.297 with targets @ 1.2885 & 1.2865 in extension.
Alternative scenario: Above 1.297 look for further upside with 1.3 & 1.3045 as targets.
Comment: the pair stands below its new resistance and remains with in a bearish channel.

By at

NZD/USD intraday: caution.


Pivot: 0.825
Our preference: Short positions below 0.825 with targets @ 0.82 7 0.8175 in extension.
Alternative scenario: Above 0.825 look for further upside with 0.828 & 0.8315 as targets.
Comment: the RSI is mixed and calls for caution.

By at

USD/CAD intraday: bullish bias above 0.9755.


Pivot: 0.9755
Our preference: Long positions above 0.9755 with targets @ 0.9815 & 0.9835 in extension.
Alternative scenario: Below 0.9755 look for further downside with 0.9725 & 0.969 as targets.
Comment: the pair remains on the upside and should reach its next resistance.

By at

AUD/USD intraday: rebound.


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 & 1.0365 as targets.
Comment: the RSI is bullish and calls for further advance.

By at

GBP/JPY intraday: key ST resistance at 126.8.


Pivot: 126.8
Our preference: Short positions below 126.8 with targets @ 125.9 & 125.6 in extension.
Alternative scenario: Above 126.8 look for further upside with 127.15 & 127.55 as targets.
Comment: the pair stands below its resistance and remains under pressure.

By at

EUR/CHF intraday: consolidation.


Pivot: 1.212
Our preference: Short positions below 1.212 with targets @ 1.2075 & 1.206 in extension.
Alternative scenario: Above 1.212 look for further upside with 1.213 & 1.215   as targets.
Comment: as long as 1.212 is resistance, look for choppy price action with a bearish bias.

By at

EUR/JPY intraday: the downside prevails.


Pivot: 100.85

Our preference: Short positions below 100.85 with targets @ 100.25 & 100 in extension.

Alternative scenario: Above 100.85 look for further upside with 101.25 & 101.7 as targets.

Comment: the pair is posting a rebound but remains capped by a declining trend line.

By at

EUR/GBP intraday: under pressure.


Pivot: 0.798
Our preference: Short positions below 0.798 with targets @ 0.793 & 0.7905 in extension.
Alternative scenario: Above 0.798 look for further upside with 0.8 & 0.802 as targets.
Comment: the pair stands below its resistance and remains with in a bearish channel.
By at

USD/CHF intraday: the upside prevails.


Pivot: 0.93
Our preference: LONG positions above 0.932 with 0.94 & 0.942 in sight.
Alternative scenario: The downside penetration of 0.932 will call for slide towards 0.93 & 0.9275.
Comment: the pair is pulling back on its support ahead of a rebound.

By at

USD/JPY intraday: under pressure.


Pivot: 78.15.
Our preference: SHORT positions below 78.15 with 77.65 & 77.35 in sight.
Alternative scenario: The upside penetration of 78.15 will call for a rebound towards 78.35 & 78.5.
Comment: the pair remains on the downside and is approaching its support.

By at

GBP/USD intraday: under pressure.


Pivot: 1.6250.
Our preference: SHORT positions below 1.625 with 1.6185 & 1.616 in sight.
Alternative scenario: The upside breakout of 1.625 will open the way to 1.627 & 1.631.
Comment: the pair is posting a rebound but stands below its resistance.

By at

EUR/USD intraday: under pressure.


Pivot: 1.2970.
Our preference: SHORT positions @ 1.296 with 1.2865 as next targets.
Alternative scenario: The upside penetration of 1.297 will call for a rebound towards 1.3 7 1.3045.
Comment: the pair stands below its resistance and remains within a bearish channel.

By at

USD/CAD intraday: bullish bias above 0.9755.


Pivot: 0.9755
Our preference: Long positions above 0.9755 with targets @ 0.9815 & 0.9835 in extension.
Alternative scenario: Below 0.9755 look for further downside with 0.9725 & 0.969 as targets.
Comment: the pair remains on the upside and should reach its next resistance.

By at

AUD/USD intraday: rebound.


Pivot: 1.04
Our preference: Long positions above 1.04 with targets @ 1.047 7 1.05 in extension.
Alternative scenario: Below 1.04 look for further downside with 1.038 7 1.0365 as targets.
Comment: the RSI is bullish and calls for further advance.

By at

NZD/USD intraday: under pressure.


Pivot: 0.825
Our preference: Short positions below 0.825 with targets @ 0.8175 & 0.816 in extension.
Alternative scenario: Above 0.825 look for further upside with 0.828 & 0.8315  as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

By at

GBP/JPY intraday: key ST resistance at 126.8.


Pivot: 126.8
Our preference: Short positions below 126.8 with targets @ 125.9 & 125.6 in extension.
Alternative scenario: Above 126.8 look for further upside with 127.15 & 127.55 as targets.
Comment: the pair stands below its resistance and remains under pressure.

By at

EUR/CHF intraday: consolidation.


Pivot: 1.212
Our preference: Short positions below 1.212 with targets @ 1.2075 & 1.206 in extension.
Alternative scenario: Above 1.212 look for further upside with 1.213 & 1.215 as targets.
Comment: as long as 1.212 is resistance, look for choppy price action with a bearish bias.

By at

EUR/JPY intraday: key ST resistance at 101.25


pivot: 101.25
Our preference: Short @ 101.17 with targets @ 100.25 & 100 in extension.
Alternative scenario: Above 101.25 look for further upside with 102 & 102.5 as targets.
Comment: as long as 101.25 is resistance, look for choppy price action with a bearish bias.

By at

EUR/GBP intraday: under pressure.


Pivot: 0.80.
Our preference: SHORT positions @ 0.799 with 0.7945 & 0.793 in sight.
Alternative scenario: The upside penetration of 0.8 will call for a rebound towards 0.802 & 0.8045.
Comment: the pair remains within a bearish channel and stands below its resistance.


By at

USD/TRY Intraday: choppy.


Pivot: 1.803
Our preference: Short positions below 1.803 with targets @ 1.793 & 1.79 in extension.
Alternative scenario: Above 1.803 look for further upside with 1.809 & 1.8135 as targets.
Comment: as long as 1.803 is resistance, look for choppy price action with a bearish bias.

By at

AUD/USD intraday: turning up.


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 & 1.0365 as targets.
Comment: the RSI is bullish and calls for further advance.

By at

USD/CAD intraday: bullish bias above 0.9755.


Pivot: 0.9755
Our preference: Long positions above 0.9755 with targets @ 0.9815 & 0.9835 in extension.
Alternative scenario: Below 0.9755 look for further downside with 0.9725 & 0.969 as targets.
Comment: the RSI lacks downward momentum.
By at

NZD/USD intraday: under pressure.


Pivot: 0.825
Our preference: Short positions below 0.825 with targets @ 0.8175 & 0.816 in extension.
Alternative scenario: Above 0.825 look for further upside with 0.828 & 0.8315 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

By at

EUR/GBP intraday: under pressure.


Pivot: 0.8
Our preference: Short positions below 0.8 with targets @ 0.7945 & 0.793 in extension.
Alternative scenario: Above 0.8 look for further upside with 0.802 & 0.8045 as targets.
Comment: the pair stands below its resistance and remains with in a bearish channel.

By at

Monday, September 24, 2012

USD/CHF intraday: further upside.


Pivot: 0.93
Our preference: Long positions above 0.93 with  targets @ 0.938 7 0.94 in extension.
Alternative scenario: Below 0.93 look for further downside with 0.9275 & 0.9245 as targets.
Comment: the pair remains on the upside and is approaching its resistance.

By at

USD/JPY intraday: key ST resistance at 78.35.


Pivot: 78.35
Our preference: Short positions below 78.35 with targets @ 77.95 & 77.7 in extension.
Alternative scenario: Above 78.35 look for further upside with 78.5 & 78.75 as targets.
Comment: the pair remains on the downside and is challenging its support.

By at

GBP/USD intraday: under pressure.


Pivot: 1.625
Our preference: Short positions below 1.625 with targets @ 1.6195 & 1.616 in extension.
Alternative scenario: Above 1.625 look for further upside with 1.627 & 1.631 as targets.
Comment: the pair is rebounding but stands below its resistance.

By at

EUR/USD intraday: the downside prevails.


Pivot: 1.3
Our preference: Short positions below 1.3 with targets @ 1.292 & 1.2885 in extension.
Alternative scenario: Above 1.3 look for further upside with 1.3045 & 1.307 as targets.
Comment: the pair is posting a rebound but stands below its resistance.

By at

AUD/USD intraday: under pressure.


Pivot: 1.047
Our preference: Short positions below 1.047 with targets @ 1.039 7 1.0365 in extension.
Alternative scenario: Above 1.047 look for further upside with 1.05 & 1.053 as targets.
Comment: the RSI is mixed to bearish.

By at

NZD/USD intraday: under pressure.


Pivot: 0.828
Our preference: Short positions below 0.828 with targets @ 0.82 & 0.8175 in extension.
Alternative scenario: Above 0.828 look for further upside with 0.8315 & 0.834 as targets.
Comment: the pair stands below its resistance and remains under pressure.

By at

GBP/JPY intraday: consolidation in place.


Pivot: 127.55
Our preference: Short positions below 127.55 with targets @ 126.15 & 125.6 in extension.
Alternative scenario: Above 127.55 look for further upside with 128.1 & 128.8 as targets.
Comment: as long as 127.55 is resistance, look for choppy price action with a bearish bias.

By at

EUR/CHF intraday: consolidation.


Pivot: 1.212
Our preference: Short positions below 1.212 with targets @ 1.2075 & 1,206 in extension.
Alternative scenario: Above 1.212 look for further upside with 1.213 & 1.215 as targets.
Comment: as long as 1.212 is resistance, look for choppy price action with a bearish bias.

By at

EUR/JPY intraday: the downside prevails.


Pivot: 102
Our preference: Short positions below 102 with targets @ 100.8 7 100.55 in extension.
Alternative scenario: Above 102 look for further upside with 102.5 7 103.05 as targets.
Comment: the pair remains on the downside and is challenging its previous low.

By at

EUR/GBP intraday: key resistance at 0.802.


Pivot: 0.802
Our preference: Short positions below 0.802 with targets @ 0.797 7 0.797 & 0.7945 in extension.
Alternative scenario: Above 0.802 look for further upside with 0.8045 7 0.806 as targets.
Comment: the RSI is mixed to bearish.

By at

USD/CHF intraday: bullish bias above 0.93


Pivot: 0.93.
Our preference: LONG positions @ 0.931 with 0.937 & 0.94 as next targets.
Alternative scenario: The downside penetration of 0.93 will call for 0.9275 & 0.9245.
Comment: the pair remains on the upside.

By at

USD/JPY intraday: under pressure.


Pivot: 78.35.
Our preference: SHORT positions @ 78.3 with 77.95 & 77.7 in sight.
Alternative scenario: The upside penetration of 78.35 will call for 78.5 & 78.75.
Comment: the pair stands below its new resistance and remains under pressure.

By at

GBP/USD intraday: under pressure.


Pivot: 1.6250
Our preference: SHORT positions 2 1.624 with 1.6195 & 1.616 as next targets.
Alternative scenario: The upside breakout of 1.625 will open the way to 1.627 7 1.631.
Comment: the pair is under pressure and is challenging its intermediary support.

By at

EUR/USD intraday: key ST resistance at 1.3


Pivot: 1.3000.
Our preference: SHORT positions @ 1.299 with 1.292 & 1.2885 in sight.
Alternative scenario: The upside breakout of 1.3 will open the way to 1.3045 7 1.307.
Comment: the pair remains under pressure and is challenging its support.

By at

USD/CAD intraday: bullish bias above 0.9725.


Pivot: 0.9725
Our preference: Long positions above 0.9725 with targets @ 0.9815 & 0.9835 in extension.
Alternative scenario: Below 0.9725 look for further downside with 0.969 7 0.966 as targets.
Comment: technically, the RSI is above its neutrality area at 50.

By at

AUD/USD intraday: under pressure.


Pivot: 1.047
Our preference: Short positions below 1.047 with targets @ 1.039 & 1.0365 in extension.
Alternative scenario: Above 1.047 look for further upside with 1.05 & 1.053 as targets.
Comment: the RSI is mixed to bearish.

By at

NZD/USD intraday: under pressure.


Pivot: 0.828
Our preference: Short positions below 0.828 with targets @ 0.82 & 0.8175 in extension.
Alternative scenario: Above 0.828 look for further upside with 0.8315 & 0.834 as targets.
Comment: the pair stands below its resistance and remains under pressure.

By at

GBP/JPY intraday: consolidation in place.


Pivot: 127.55
Our preference: Short @ 127.4 with targets @ 126.15 7 125.6 in extension.
Alternative scenario: Above 127.55 look for further upside with 128.1 & 128.8 as targets.
Comment: as long as 127.55 is resistance, look for choppy price action with a bearish bias.
By at

EUR/CHF intraday: consolidation.


Pivot: 1.212
Our preference: Short positions below 1.212 with targets @ 1.2075 & 1.206 in extension.
Alternative scenario: Above 1.212 look for further upside with 1.213 & 1.215 as targets.
Comment: as long as 1.212 is resistance, look for choppy price action with a bearish bias.

By at

EUR/JPY intraday: the downside prevails.


Pivot: 102
Our preference: Short @ 101.93 with targets @ 100.8 & 100.55 in extension.
Alternative scenario: Above 102 look for further upside with 102.5 & 103.05 as targets.
Comment: the pair remains on the downside and is challenging its previous low.

By at

EUR/GBP intraday: under pressure.


Pivot: 0.80.
Our preference: SHORT positions @ 0.801 with 0.797 & 0.7945 in sight.
Alternative scenario: The upside breakout of 0.802 will open the way to 0.8045 & 0.806.
Comment: the pair remains on the downside and is challenging its support.

By at

USD/TRY Intraday: choppy.


Pivot: 1.803
Our preference: Short positions below 1.803 with targets @ 1.79 & 1.7885 in extension.
Alternative scenario: Above 1.803 look for further upside with 1.809 7 1.8135 as targets.
Comment: as long as 1.803 is resistance, look for choppy price action with a bearish bias.
By at

Friday, September 21, 2012

AUD/USD intraday: further advance.


Pivot: 1.045
Our preference: Long positions above 1.045 with targets @ 1.053 & 1.0565 in extension.
Alternative scenario: Below 1.045 look for further downside with 1.0415 7 1.0365 as targets.
Comment: the RSI is bullish and calls for further upside.

By at

GBP/JPY intraday: further advance.


Pivot: 126.7
Our preference: Long positions above 126.7 with targets @ 128.1 in extension.
Alternative scenario: Below 126.7 look for further downside with 126.15 & 125.6 as targets.
Comment: the RSI is bullish and calls for further upside.

By at

EUR/JPY intraday: continuation of the rebound.


Pivot: 101.3
Our preference: Long positions above 101.3 with targets @ 102.4 & 103.05 in extension.
Alternative scenario: Below 101.3 look for further downside with 100.9 & 100.55 as targets.
Comment: the RSI is supported by a rising trend line.

By at

EUR/JPY intraday: continuation of the rebound.


Pivot: 101.3

Our preference: Long positions above 101.3 with targets @ 102.4 & 103.05 in extension.

Alternative scenario: Below 101.3 look for further downside with 100.9 & 100.55 as targets.

Comment: the RSI is supported by a rising trend line.

By at

EUR/GBP intraday: key resistance at 0.802.


Pivot: 0.802
Our preference: Short positions below 0.802 with targets @ 0.797 & 0.7945 in extension.
Alternative scenario: Above 0.802 look for further upside with 0.8045 & 0.806 as targets.
Comment: the upward potential is likely to be limited by the resistance at 0.802.

By at

USD/MXN intraday: key resistance at 12.95.


Pivot: 12.95
Our preference: Short positions below 12.95 with targets @ 12.68 &12.6 in extension.
Alternative scenario: Above 12.95 look for further upside with 13.05 & 13.15 as targets.
Comment: the upward potential is likely to be limited by the resistance at 12.95.

By at

USD/MXN intraday: key resistance at 12.95.


Pivot: 12.95
Our preference: Short positions below 12.95 with targets @ 12.68 &12.6 in extension.
Alternative scenario: Above 12.95 look for further upside with 13.05 & 13.15 as targets.
Comment: the upward potential is likely to be limited by the resistance at 12.95.

By at

USD/MXN intraday: key resistance at 12.95.



Pivot: 12.95
Our preference: Short positions below 12.95 with targets @ 12.68 &12.6 in extension.
Alternative scenario: Above 12.95 look for further upside with 13.05 & 13.15 as targets.
Comment: the upward potential is likely to be limited by the resistance at 12.95.

By at

USD/MXN intraday: key resistance at 12.95.


Pivot: 12.95
Our preference: Short positions below 12.95 with targets @ 12.68 7 12.6 in extension.
Alternative scenario: Above 12.95 look for further upside with 13.05 & 13.15 as targets.
Comment: the upward potential is likely to be limited by the resistance at 12.95.
By at

USD/MXN intraday: key resistance at 12.95.


Pivot: 12.95

Our preference: Short positions below 12.95 with targets @ 12.68 & 12.6 in extension.

Alternative scenario: Above 12.95 look for further upside with 13.05 & 13.15 as targets.

Comment: the upward potential is likely to be limited by the resistance at 12.95.
Pivot: 12.95
Our preference: Short positions below 12.95 with targets @ 12.68 7 12.6 in extension.
Alternative scenario: Above 12.95 look for further upside with 13.05 & 13.15 as targets.
Comment: the upward potential is likely to be limited by the resistance at 12.95
By at

USD/CAD intraday: watch 0.972.


Pivot: 0.9775
Our preference: Short positions below 0.9775 with targets @ 0.972 & 0.969 in extension.
Alternative scenario: Above 0.9775 look for further upside with 0.9815 & 0.984 as targets.
Comment: as long as the resistance at 0.9775 is not surpassed, the risk of the break below 0.972 remains high.

By at

NZD/USD intraday: further upside.


Pivot: 0.825
Our preference: Long positions above 0.825 with targets @ 0.832 & 0.8355 in extension.
Alternative scenario: Below 0.825 look for further downside with 0.82 & 0.8135 as targets.
Comment: the pair remains on the upside and is approaching its resistance.

By at

AUD/USD intraday: further advance.


Pivot: 1.0415
Our preference: Long positions above 1.0415 with targets @ 1.0495 & 1.053 in extension.
Alternative scenario: Below 1.0415 look for further downside with 1.037 & 1.032 as targets.
Comment: the RSI is bullish and calls for further upside.
By at

EUR/CHF intraday: consolidation.


Pivot: 1.212
Our preference: Short positions below 1.212 with targets @ 1.2075 & 1.206 in extension.
Alternative scenario: Above 1.212 look for further upside with 1.213 & 1.215 as targets.
Comment: as long as 1.212 is resistance, look for choppy price action with a bearish bias.

By at

EUR/CHF intraday: consolidation.


Pivot: 1.212
Our preference: Short positions below 1.212 with targets @ 1.2075 & 1.206 in extension.
Alternative scenario: Above 1.212 look for further upside with 1.213 & 1.215 as targets.
Comment: as long as 1.212 is resistance, look for choppy price action with a bearish bias.

By at

EUR/CHF intraday: consolidation.


Pivot: 1.212

Our preference: Short positions below 1.212 with targets @ 1.2075 & 1.206 in extension.

Alternative scenario: Above 1.212 look for further upside with 1.213 & 1.215 as targets.

Comment: as long as 1.212 is resistance, look for choppy price action with a bearish bias.
Pivot: 1.212
Our preference: Short positions below 1.212 with targets @ 1.2075 & 1.206 in extension.
Alternative scenario: Above 1.212 look for further upside with 1.213 & 1.215 as targets.
Comment: as long as 1.212 is resistance, look for choppy price action with a bearish bias.

By at

GBP/JPY intraday: the downside prevails.


Pivot: 127.3
Our preference: Short positions below 127.3 with targets @ 126.15 & 125.6 in extension.
Alternative scenario: Above 127.3 look for further upside with 127.6 7 128.1 as targets.
Comment: the RSI has just broken below a rising trend line.

By at

GBP/JPY intraday: the downside prevails.


By at

GBP/JPY intraday: the downside prevails.



By at

EUR/JPY intraday: the downside prevails.


Pivot: 102.05
Our preference: Short positions below 102.05 with targets @ 100.9 & 100.55 in extension.
Alternative scenario: Above 102.05 look for further upside with 102.4 & 103.05 as targets.
Comment: the pair is posting a rebound but stands below its resistance.

By at

EUR/JPY intraday: the downside prevails.


Pivot: 102.05

Our preference: Short positions below 102.05 with targets @ 100.9 & 100.55 in extension.

Alternative scenario: Above 102.05 look for further upside with 102.4 & 103.05 as targets.

Comment: the pair is posting a rebound but stands below its resistance.
Pivot: 102.05 
Our preference: Short positions below 102.05 with targets @ 100.9 & 100.55 in extension.
Alternative scenario: Above 102.05 look for further upside with 102.4 & 103.05 as targets.
Comment: the pair is posting a rebound but stands below its resistance.

By at

USD/CHF intraday: bullish bias above 0.93.


Pivot: 0.93
Our preference: Long positions above 0.93 with targets @ 0.9355 7 0.937 in extension.
Alternative scenario: Below 0.93 look for further downside with 0.9245 & 0.9225 as targets.
Comment: the RSI calls for a rebound.

By at

USD/JPY intraday: key ST resistance at 78.5.


.Pivot: 78.5
Our preference: Short positions below 78.5 with targets @ 78 & 77.7 in extension.
Alternative scenario: Above 78.5 look for further upside with 78.9 7 79.2 as targets.
Comment: as long as the resistance at 78.5 is not surpassed , the risk of the break below 78 remains high.

By at

GBP/USD intraday: intraday support around 1.62.


Pivot: 1.62

Our preference: Long positions above 1.62 with targets @ 1.627 & 1.63 in extension.

Alternative scenario: Below 1.62 look for further downside with 1.616 & 1.613 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Pivot: 1.62
Our preference: Long positions above 1.62 with targets @ 1.627 & 1.63 in extension.
Alternative scenario: Below 1.62 look for further downside with 1.616 & 1.613 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

By at

EUR/USD intraday: turning down.


Pivot: 1.301
Our preference: Short positions below 1.301 with targets @ 1.292 & 1.2905 in extension.
Alternative scenario: Above 1.301 look for further upside with 1.304 & 1.3085 as targets.
Comment: the RSI has just broken below a rising trend line.

By at

USD/SEK intraday: the downside prevails as long as 6.536 is resistance


Our pivot point is at 6.536.
Our preference: the upside breakout of 6.536 is resistance.
Alternative scenario: the upside breakout of 6.536, would call far 6.548 and 6.555.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 6.5278 and 6.5507).
By at

USD/NOK intraday: as long as 5.713 is support look for 5.745


5.713 is our pivot point.
Our preference: as long as 5.713 is support look for 5.745.
Alternative scenario: the downside breakout of 5.173 would call for 5.703 and 5..697.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace.
Moreover, the pair is above its 20 and 50 MAs ( respectively at 5.7234 and 5.7149).

By at

EUR/NOK intraday: rebound


Our pivot point stands at 7.429
Our preference: rebound.
Alternative scenario: below 7.429,expect 7.42 and 7.415.
Comment: the RSI is above50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the pair is trading above its 20 MA ( 7.4367) but under its 50 MA (7.4549).

By at

EUR/SEK intraday: rebound towards 8.506


Our pivot point is at 8.456
Our preference:  rebound towards 8.506.
Alternative scenario: below 8.456, expect 8.442 and 8.434.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 8.4816 and 8.5451).

By at

USD/CAD intraday: watch 0.972.


Pivot: 0.9775
Our preference: Short positions below 0.977 with targets @ 0.972 & 0.969 in extension.
Alternative scenario: Above 0.9775 look for further upside with 0.9815 & 0.984 as targets.
Comment: the RSI is bearish and calls for further decline.

By at

AUD/USD intraday: further advance.


Pivot: 1.0415
Our preference: Long positions above 1.0415 with targets @ 1.0495 & 1.0533 in extension.
Alternative scenario: Below 1.0415 look for further downside with 1.037 & 1.032 as targets.
Comment: the RSI is bullish and calls for further upside.

By at

NZD/USD intraday: further upside.


Pivot: 0.825
Our preference scenario:Below 0.825 look for further downside with 0.82 7 0.8135 as targets.
Comment: the pair remains on the upside and is approaching its resistance.

By at

GBP/JPY intraday: the downside prevails.


Pivot: 127.3
Our preference: Short positions below 127.3 with targets @ 126.15 & 125.6 in extension.
Alternative scenario: Above 127.3 look for further upside with 127.6 & 128.1 as targets.
Comment: the upward potential is likely to be limited by the resistance at 127.3

By at

EUR/CHF intraday: consolidation.


Pivot: 1.212
Our preference: Short positions below 1.212 with targets @ 1.2075 & 1.206 in extension.
Alternative scenario: Above 1.212 look for further upside with 1.213 & 1.215 as targets.
Comment: as long as 1.212 is resistance, look for choppy price action with a bearish bias.

By at

EUR/JPY intraday: the downside prevails.


Pivot: 102.05
 Our preference: Short positions below 102.05 with targets @ 100.9 & 100.55 in extension.
Alternative scenario: Above 102.05 look for further upside with 102.4 & 103.05 as targets.
Comment: the pair is posting a rebound but stands below its resistance.

By at

EUR/GBP intraday: under pressure.


Pivot: 0.80.
Our preference: SHORT positions @ 0.801 with 0.797 & 0.7945 as next targets.
Alternative scenario: The upside breakout of 0.802 will open the way to 0.8045 & 0.806.
Comment: the pair remains on the downside and is challenging its support.

By at

USD/CHF intraday: bullish bias above 0.93


Pivot: 0.93.
Our Preference: LONG positions above 0.93 with 0.9355 & 0.937 in sight.
Alternative scenario: The downside penetration of 0.93 will call for 0.9245 & 0.9225.
Comment: the break above the resistance at 0.93triggered an upward acceleration to 0.9355.

By at

Thursday, September 20, 2012

USD/CAD intraday: further advance.


Pivot: 0.976
Our preference: Long positions above 0.976 with targets @ 0.9825 & 0.984 in extension.
Alternative scenario: Below 0.976 look for further downside with 0.972 & 0.969 as targets.
Comment: the RSI is bullish and calls for further upside.

By at

NZD/USD intraday: the downside prevails.


Pivot: 0.8235
Our preference: Short positions below 0.8235 with targets @ 0.8185 & 0.8135 in extension.
Alternative scenario: Above 0.8235 look for further upside with 0.83 & 0.832 as targets.
Comment: the break below 0.8235 is a negative signal that has opened a path to 0.8185.

By at

GBP/USD intraday: under pressure.


Pivot: 1.6235
Our preference: Short positions below 1.6235 with targets @ 1.616 & 1.613 in extension.
Alternative scenario: Above 1.6235 look for further upside with 1.627 & 1.63 as targets.
Comment: as long as 1.6235 is resistance, look for choppy price action with a bearish bias.

By at

USD/JPY intraday: key ST resistance at 78.5.


Pivot: 78.5
Our preference: Short positions below 78.5 with targets @ 77.9 & 77.7 in extension.
Alternative scenario: Above 78.5 look for further upside with 78.9 & 79.2 as targets.
Comment: as long as the resistance at 78.5 is not surpassed, the risk of the break below 77.9 remains high.

By at

USD/COP: under pressure.


Pivot: 1830
Our preference: Short positions below 1830 with targets @ 1767 & 1745 in extension.
Alternative scenario: Above 1830 look for further upside with 1847 & 1860 as targets.
Comment: the RSI is mixed to bearish.

By at

USD/BRL intraday: under pressure.


Pivot: 2.04
Our preference: Short positions below 2.04 with targets @ 2.005 & 1.975 in extension.
Alternative scenario: Above 2.04 look for further upside with 2.06 & 2.075 as targets.
Comment; the pair has struck against its resistance and remains under pressure.

By at

EUR/CHF intraday: consolidation.


Pivot: 1.212
Our preference: Short positions below 1.212 with targets @ 1.208 & 1.206 in extension.
Alternative scenario: Above 1.212 look for further upside with 1.213 & 1.215 as targets.
Comment: as long as the resistance at 1.212 is not surpassed, the risk of the break below 1.208 remains
high.

By at

USD/CAD intraday: further advance.


Pivot: 0.976
Our preference: Long positions above 0.976 with targets @ 0.9825 & 0.984 in extension.
Alternative scenario: Below 0.976 look for further downside with 0.972 & 0.969 as targets.
Comment: the RSI is bullish and calls for further upside.

By at

AUD/USD intraday: under pressure.


Pivot: 1.0435
Our preference: Short positions below 1.0435 with targets @ 1.0355 & 1.032 in extension.
Alternative scenario: Above 1.0435 look for further upside with 1.0495 & 1.0515 as targets.
Comment: the RSI is bearish and calls for further downside.

By at

NZD/USD intraday: the downside prevails.


Pivot: 0.8235
Our preference: Short positions below 0.8235 with targets @ 0.8185 & 0.8135 in extension.
Alternative scenario: Above 0.8235 look for further upside with 0.83 & 0.832 as targets.
Comment: the break below 0.8235 is a negative signal that has opened a path to 0.8185.
By at

EUR/USD intraday: the downside prevails.


Pivot: 1.3055
Our preference: Short positions below 1.3055 with targets @ 1.293 & 1.2905 in extension.
Alternative scenario: Above 1.3055 look for further upside with 1.3115 & 1.3155 as targets.
Comment: the RSI advocate for further downside.

By at

EUR/GBP intraday: capped by a negative trend line


Pivot: 0.805
Our preference: Short positions below 0.805 with targets @ 0.799 & 0.797 in extension.
Alternative scenario: Above 0.805 look for further upside with 0.808 & 0.81 as targets.
Comment:the RSI is bearish and calls for further downside.

By at

USD/CHF intraday: continuation of the rebound.


pivot: 0.9295
Our preference: Long positions above 0.9295 with targets @ 0.9335 & 0.937 in extension.
Alternative scenario: Below 0.9295 look for further downside with 0.9245 & 0.9225 as targets.
Comment: the break above the resistance at 0.9295 triggered an upward acceleration to 0.9335.

By at

USD/JPY intraday: key ST resistance at 78.5.


.Pivot: 78.5
Our preference: Short positions below 78.5 with targets @ 77.9 & 77.7 in extension.
Alternative scenario: Above 78.5 look for further upside with 78.9 & 79.2 as targets.
Comment: as long as the resistance at 78.5 is not surpassed, the risk of the break below 77.9 remains high.

By at

GBP/USD intraday: under pressure.


Pivot: 1.6235
Our preference: Short positions below 1.6235 with targets @ 1.616 7 1.613 in extension.
Alternative scenario: Above 1.6235 look for further upside with 1.627 & 1.63 as targets.
Comment: as long as 1.6235 is resistance, look for choppy price action with a bearish bias.

By at

EUR/USD intraday: the downside prevails.


Pivot: 1.3055
Our preference: Short positions below 1.3055 with targets @ 1.293 & 1.2905 in extension.
Alternative scenario: Above 1.3055 look for further upside with 1.3115 & 1.3155 as targets.
Comment: the RSI advocates for further downside.

By at

USD/SEK intraday: rebound towards 6.568


Our pivot point is at 6.526.
Our preference: rebound towards 6.568.
Alternative scenario: below 6.526,expect 6.514 and 6.507.
Comment: the RSI is below 50.The MACD is negative and above its signal line. The configuration is mixed.
Moreover, the pair stands above its 20 MA (6.538) but below its 50 MA (6.5568).

By at

USD/NOK intraday: the upside prevails as long as 5.708 is support


.Our pivot point stands at 5.708.
Our preference: the upside prevails as long as 5.708 is support.
Alternative scenario: below 5.708, expect 5.698 and 5.692.
Comment: the RSI is above 50. The MACD is positive and above ts signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs( respectively at 5.7104 and 5.7028).

By at

EUR/NOK intraday: the downside prevails as long as 7.446 is resistance


Our pivot point is at 7.446.
Our preference: the downside prevails as long as 7.446 is resistance.
Alternative scenario: above 7.446, look for 7.456 and 7.461.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 7.4462 and 7.459).

By at

EUR/SEK intraday: the RSI is oversold


8.519 is our pivot point.
Our preference: the downside prevails as long as 8.519 is resistance.
Alternative scenario: the upside breakout of 8.519 , would call for 8.534 and 8.542.
Comment: the RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape ( look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20  and 50 MAs ( respectively at 8.5359 and 8.5688).

By at

USD/CAD intraday: further advance.


Pivot: 0.975
Our preference: Long positions above 0.975 with targets @ 0.98 & 0.9825 in extension.
Alternative scenario: Below 0.975 look for further downside with 0.972 & 0.969 as targets.
Comment: the pair has broken its resistance and should post further gains.

By at

AUD/USD intraday: under pressure.


Pivot: 1.046
Our preference: Short positions below 1.046 with targets @ 1.0385 & 1.0355 in extension.
Alternative scenario: Above 1.046 look for further upside with 1.0495 & 1.0515 as targets.
Comment: the pair has broken below its support and is under pressure.

By at

NZD/USD intraday: intraday support around 0.8235.


Pivot: 0.8235
Our preference: Long positions above 0.8235 with targets @ 0.83 & 0.832 in extension.
Alternative scenario: Below 0.8235 look for further downside with 0.8185 & 0.8135 as targets.
Comment; the RSI is mixed and calls for caution.

By at

GBP/JPY intraday: under pressure.


Pivot: 127.3
Our preference: Short positions below 127.3 with targets @ 126.15 & 125.6 in extension.
Alternative scenario: Above 127.3 look for further upside with 127.6 & 128.1 as targets.
Comment: the pair has broken below its support and remains under pressure.

By at

EUR/CHF intraday: consolidation.


Pivot: 1.212
Our preference: Short positions below 1.212 with targets @ 1.208 & 1.206 in extension.
Alternative scenario: Above 1.212 look for further upside with 1.213 & 1.218 as targets.
Comment: as long as the resistance at 1.212 is not surpassed, the risk of the break below 1.208 remains high.

By at

EUR/JPY intraday: under pressure.


Pivot: 102.4
Our preference: Short positions below 102.4 with targets @ 101.4 & 100.8 in extension.
Alternative scenario: Above 102.4 look for further upside with 103.05 & 103.65 as targets.
Comment: the pair has broken below its support and is under pressure.

By at

USD/CHF intraday: caution.


Pivot: 0.93.
Our preference: SHORT positions below 0.93 with targets @ 0.9245 & 0.9225.
Alternative scenario: The upside penetration of 0.93 will call for 0.9335 & 0.937.
Comment: as long as 0.93 is resistance, look for choppy price action with a bearish bias.

By at

EUR/GBP intraday: capped by a negative trend line.


Pivot: 0.81.
Our preference: SHORT positions @ 0.805 with 0.801 & 0.799 as next targets.
Alternative scenario: The upside penetration of 0.806 will call for 0.808 & 0.81.
Comment: the pair is posting a rebound but stands below its resistance.

By at

USD/JPY intraday: the downside prevails.


Pivot: 78.60.
Our preference: SHORT positions below 78.6 with targets @ 78.15 & 77.9.
Alternative scenario: The upside breakout of 78.6 will open the way to 78.9 & 79.2.
Comment: the pair has broken below its support and should face further weakness.'

By at

Wednesday, September 19, 2012

NZD/USD intraday: rebound.


Pivot: 0.8235
Our preference: Long positions above 0.8235 with targets @ 0.832 & 0.8355 in extension.
Alternative scenario: Below 0.8235 look for further downside with 0.8185 & 0.8135 as targets.
Comment: the pair is on the upside and is challenging its intermediary resistance.

By at

USD/CAD intraday: intraday support around 0.972.


Pivot: 0.972
Our preference: Long positions above 0.972 with targets @ 0.977 & 0.98 in extension.
Alternative scenario: Below 0.972 look for further downside with 0.969 & 0.9665 as targets.
Comment: the RSI has just landed on a support around 30% and is reversing up.

By at

USD/CHF intraday: under pressure.


Pivot: 0.93
Our preference: Short positions below 0.93 with targets 2 0.9245 & 0.9225 in extension.
Alternative scenario: Above 0.93 look for further upside with 0.9335 & 0.937 as targets.
Comment: the pair s posting a rebound but stands below its resistance.

By at

USD/JPY intraday: the upside prevails.


Pivot: 78.45
Our preference: Long positions above 78.45 with targets @ 79.25 7 79.35 in extension.
Alternative scenario: Below 78.45 look for further downside with 78.15 & 77.9 as targets.\
Comment: the pair remains on the upside and is approaching its previous high.

By at

GBP/USD intraday: the upside prevails.


Pivot: 1.623
Our preference: Long positions above 1.623 with targets @ 1.627 & 1.63 in extension.
Alternative scenario: Below 1.623 look for further downside with 1.62 & 1.617 as targets.
Comment: the pair is rebounding on its support as the RSI is turning up.

By at

EUR/USD intraday: under pressure.


Pivot: 1.31
Our preference: Short positions below 1.31 with targets @ 1.3015 & 1.2975 in extension.
Alternative scenario: Above 1.31 look for further upside with 1.314 & 1.317 as targets.
Comment: the pair has struck against its resistance and remains under pressure.

By at

GBP/JPY intraday: further advance.


Pivot: 127.3
Our preference: Long positions above 127.3 with targets @ 128.85 & 129.4 in extension.
Alternative scenario: Below 127.3 look for further downside with 126.75 & 126.15 as targets.
Comment: the pair is rebounding on its new support as the RSI is turning up.

By at

GBP/JPY intraday: further advance.


Pivot: 127.3
Our preference: Long positions above 127.3 with targets @ 128.85 & 129.4 in extension.
Alternative scenario: Below 127.3 look for further downside with 126.75 & 126.15 as targets.
Comment: the pair is rebounding on its new support as the RSI is turning up.

By at

EUR/GBP intraday: under pressure.


Pivot: 0.806
Our preference: Short positions below 0.806 with targets @  0.801 & 0.799 in extension.
Alternative scenario: Above 0.806 look for further upside with 0.808 7 0.81 as targets.
Comment: the pair remains on the downside and is approaching its support.

By at

EUR/GBP intraday: under pressure.


Pivot: 0.806
Our preference: Short positions below 0.806 with targets @  0.801 & 0.799 in extension.
Alternative scenario: Above 0.806 look for further upside with 0.808 7 0.81 as targets.
Comment: the pair remains on the downside and is approaching its support.

By at

EUR/GBP intraday: under pressure.


Pivot: 0.806

Our preference: Short positions below 0.806 with targets @ 0.801 & 0.799 in extension.

Alternative scenario: Above 0.806 look for further upside with 0.808 & 0.81 as targets.

Comment: the pair remains on the downside and is approaching its support.
Pivot: 0.806
Our preference: Short positions below 0.806 with targets @  0.801 & 0.799 in extension.
Alternative scenario: Above 0.806 look for further upside with 0.808 7 0.81 as targets.
Comment: the pair remains on the downside and is approaching its support.

By at

USD/COP: under pressure.


Pivot: 1830
Our preference: Short positions below 1830 with targets @ 1767 & 1745 in extension.
Alternative scenario: Above 1830 look for further upside with 1847 7 1860 as targets.
Comment: the RSI is mixed to bearish.

By at

USD/BRL intraday: under pressure.


Pivot: 2.04
Our preference: Short positions below 2.04 with targets @ 2.005 & 1.975 in extension.
Alternative scenario: Above 2.04 look for further upside with 2.06 & 2.075 as targets.
Comment: the pair has struck against its resistance and remains under pressure.

By at

EUR/MXN intraday: the upside prevails


Pivot: 16.6
Our preference: Long positions above 16.6 with targets @ 16.85 & 17 in extension.
Alternative scenario: Below 16.6 look for further downside with 16.52 & 16.44 as targets.
Comment: the pair is pulling back on its support ahead of further advance.

By at

USD/MXN intraday: under pressure.


Pivot: 12.95

Our preference: Short positions below 12.95 with targets @ 12.68 & 12.6 in extension.

Alternative scenario: Above 12.95 look for further upside with 13.05 & 13.15 as targets.

Comment: the RSI is mixed to bearish.
Pivot: 12.95 
Our preference: Short positions below 12.95 with targets @ 12.68 7 12.6 in extension.
Alternative scenario: Above 12.95 look for further upside with 13.05 & 13.15 as targets.
Comment: the RSI is mixed to bearish.

By at

AUD/USD intraday: under pressure.

 Pivot: 1.048
Our preference: Short positions below 1.048 with targets @ 1.041 & 1.0385 in extension.
Alternative scenario: Above 1.048 look for further upside with 1.0515 & 1.055 as targets.
Comment: the pair is posting a rebound but stands below its resistance.

By at

NZD/USD intraday: rebound.


Pivot: 0.8235

Our preference: Long positions above 0.8235 with targets @ 0.832 & 0.8355 in extension.

Alternative scenario: Below 0.8235 look for further downside with 0.8185 & 0.8135 as targets.

Comment: the pair is on the upside and is challenging its intermediary resistance.
Pivot: 0.8235
Our preference: Long positions above 0.8235 with targets @ 0.832 7 0.8355 in extension.
Alternative scenario: Below 0.8235 look for further downside with 0.8185 & 0.8135 as targets.
Comment: the pair is on the upside and is challenging its intermediary resistance.
By at

NZD/USD intraday: rebound.


Pivot: 0.8235

Our preference: Long positions above 0.8235 with targets @ 0.832 & 0.8355 in extension.

Alternative scenario: Below 0.8235 look for further downside with 0.8185 & 0.8135 as targets.

Comment: the pair is on the upside and is challenging its intermediary resistance.
Pivot: 0.8235
Our preference: Long positions above 0.8235 with targets @ 0.832 7 0.8355 in extension.
Alternative scenario: Below 0.8235 look for further downside with 0.8185 & 0.8135 as targets.
Comment: the pair is on the upside and is challenging its intermediary resistance.
By at

NZD/USD intraday: rebound.


Pivot: 0.8235

Our preference: Long positions above 0.8235 with targets @ 0.832 & 0.8355 in extension.

Alternative scenario: Below 0.8235 look for further downside with 0.8185 & 0.8135 as targets.

Comment: the pair is on the upside and is challenging its intermediary resistance.
Pivot: 0.8235
Our preference: Long positions above 0.8235 with targets @ 0.832 7 0.8355 in extension.
Alternative scenario: Below 0.8235 look for further downside with 0.8185 & 0.8135 as targets.
Comment: the pair is on the upside and is challenging its intermediary resitance.
By at

GBP/JPY intraday: further advance.


Pivot: 127.3
Our preference: Long positions above 127.3 with targets 2 128.85 & 129.4 in extension.
Alternative scenario: Below 127.3 look for further downside with 126.75 & 126.15 as targets.
Comment: the pair has broken above its resistance and should post further advance

By at

EUR/JPY intraday: the upside prevails.


Pivot: 102.45
Our preference: Long positions above 102.45 with targets @ 103.9 & 104.5 in extension.
Alternative scenario: Below 102.45 look for further downside with 101.95 & 100.95 as targets.
Comment: the pair remains on the upside and is challenging its resistance.

By at

EUR/GBP intraday: under pressure.


pivot: 0.806
Our preference: Short positions below 0.806 with targets 2 0.801 & 0.799 in extension.
Alternative scenario: Above 0.806 look for further upside with 0.808 7 0.81 as targets.
Comment: the pair remains on the downside and is approaching its support.

By at

AUD/USD intraday: under pressure.


pivot: 1.048
Our preference: Short positions below 1.048 with targets @ 1.041 & 1.0385 in extension.
Alternative scenario: Above 1.048 look for further upside with 1.0515 & 1.055 as targets.
Comment: the pair is posting a rebound but stands below its resistance.
By at

USD/CHF intraday: under pressure.


Pivot: 0.93.
Our preference: SHORT positions below 0.93 with 0.9245 & 0.9225 as next targets.
Alternative scenario: The upside penetration of 0.93 will call for a rebound towards 0.9335 & 0.937.
Comment: the pair has struck against its resistance and remains under pressure.

By at

GBP/USD intraday: further advance.


Pivot: 1.6200.
Our preference: LONG positions above 1.62 with 1.627 & 1.63 as next targets.
Alternative scenario: The downside penetration of 1.62 will call for a slide towards 1.617 & 1.613.
Comment: the pair remains on the upside and is approaching its resistance.

By at

EUR/USD intraday: under pressure.


Pivot: 1.3100.
Our preference: SHORT positions below 1.31 with 1.3015 & 1.2975 in sight.
Alternative scenario: The upside penetration of 1.31 will call for 1.314 & 1.317.
Comment: the pair is posting a rebound but stands below its new resistance.

By at

AUD/USD intraday: under pressure.


Pivot: 1.048
Our preference: Short positions below 1.048 with targets @ 1.041 & 1.0385 in extension.
Alternative scenario: Above 1.048 look for further upside with 1.0515 & 1.055 as targets.
Comment: the pair is posting a rebound but stands below its resistance.

By at

USD/TRY Intraday: under pressure.


Pivot: 1.799
Our preference: Short positions below 1.799 with targets @ 1.7925 & 1.791 in extension.
Alternative scenario: Above 1.799 look for further upside with 1.802 & 1.8045 as targets.
Comment: the pair is under pressure and is approaching its support.

By at

USD/CAD intraday: the upside prevails.


Pivot: 0.972
Our preference: Long positions above 0.972 with targets @ 0.977 & 0.98 in extension.
Alternative scenario: Below 0.972 look for further downside with 0.969 & 0.9665 as targets.
Comment: the RSI lacks downward momentum.

By at

AUD/USD intraday: the downside prevails.


Pivot: 1.048
Our preference: Short positions below 1.048 with targets @ 1.0385 & 1.035 in extension.
Alternative scenario: Above 1.048 look for further upside with 1.0515 & 1.058 as targets.
Comment: the pair remains on the downside and is approaching its support.

By at

Tuesday, September 18, 2012

EUR/USD intraday: turning down.


Pivot: 1.314
Our preference: Short positions below 1.314 with targets @ 1.3015 & 1.2975 in extension.
Alternative scenario: Above 1.314 look for further upside with 1.317 & 1.3205 as targets.
Comment: the pair is breaking below its support as the RSI is badly directed.

By at

USD/CHF intraday: under pressure.


Pivot: 0.93
Our preference: Short positions below 0.93 with targets @ 0.9225 & 0.92 in extension.
Alternative scenario: Above 0.93 look for further upside with 0.9335 & 0.937 as targets.
Comment: the pair stands below its resistance and remains under pressure.


By at

AUD/USD intraday: the downside prevails.


Pivot: 1.048
Our preference: Short positions below 1.048 with targets @ 1.385 & 1.035 in extension.
Alternative scenario: Above 1.048 look for further upside with 1.0515 & 1.058 as targets.
Comment: the RSI is capped by a bearish trend line.

By at

EUR/MXN intraday: the upside prevails.


Pivot: 16.6
Our preference: Long positions above 16.6 with targets @ 16.85 & 17 in extension.
Alternative scenario: Below 16.6 look for further downside with 16.52 & 16.44 as targets.
Comment: the pair has rebounded on its support and is approaching its previous high.

By at

AUD/USD intraday: the downside prevails.


Pivot: 1.048
Our preference: Short positions below 1.048 with targets @ 1.0385 & 1.035 in extension.
Alternative scenario: Above 1.048 look for further upside with 1.0515 & 1.058 as targets.
Comment: the RSI is capped by a bearish trend line.

By at

EUR/MXN intraday: the upside prevails.


Pivot: 16.6
Our preference: Long positions above 16.6 with targets 2 16.85 & 17 in extension.
Alternative scenario: Below 16.6 look for further downside with 16.52 & 16.44 as targets.
Comment: the pair has rebounded on its support and is approaching its previous high.

By at

USD/MXN intraday: under pressure.


Pivot: 12.95
Our preference: Short positions below 12.95 with targets @ 12.68 & 12.6 in extension.
Alternative scenario: Above 12.95 look for further upside with 13.05 7 13.15 as targets.
Comment: the RSI is mixed to bearish.

By at

USD/SEK intraday: the upside prevails as long as 6.573 is support


Our pivot point stands at 6.573.
Our preference: the upside prevails as long as 6..573 is support.
Alternative scenario: below 6.573 , expect 6.562 and 6.554.
Comment: the RSI is above 50. 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 6.574 and 6.5749).
By at

EUR/SEK intraday: as long as 8.617 is support look for 8.663


Our pivot point stands at 8.617.
Our preference: as long as 8.617 is support look for 8.663.
Alternative scenario: the downside breakout of 8.617 would call for 8.603 and 8.595.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs( respectively at 8.6212 and 8.5638).

By at

USD/TRY Intraday: under pressure.


Pivot: 1.802
Our preference: Short positions below 1.802 with targets @ 1.7925 & 1.791 in extension.
Alternative scenario: Above 1.802 look for further upside with 1.8045 & 1.8075 as targets.
Comment: the pair is rebounding but stands below its resistance.

By at

USD/JPY intraday: bullish bias above 78.15


Pivot: 78.15.
Our preference: LONG positions above 78.15 with 78.9 & 79.1 as next targets.
Alternative scenario: The downside penetration of 78.15 will call for a slide towards 77.9 & 77.65.
Comment: the pair stands above its support and remains on the upside.

By at

USD/CAD intraday: further advance.


Pivot: 0.97
Our preference: Long positions above 0.97 with targets @ 0.977 & 0.98 in extension.
Alternative scenario: Below 0.97 look for further downside with 0.9665 & 0.963 as targets.
Comment: the pair remains on the upside and is approaching its resistance.

By at

AUD/USD intraday: consolidation.


Pivot: 1.0515
Our preference: Short positions below 1.0515 with targets @ 1.042 & 1.0385 in extension.
Alternative scenario: Above 1.0515 look for further upside with 1.055 & 1.058 as targets.
Comment: the RSI is below its neutrality area at 50%
By at

GBP/JPY intraday: the upside prevails.


Pivot: 126.75
Our preference: Long positions above 126.75 with targets @ 128.3 & 128.85 in extension.
Alternative scenario: Below 126.75 look for further downside with 126.15 & 125.6 as targets.
Comment: the pair is pulling back but stands above its support.

By at

EUR/JPY intraday: the upside prevails.


Pivot: 102.45
Our preference: Long positions above 102.45 with targets @ 103.9 & 104.45 in extension.
Alternative scenario: Below 102.45 look for further downside with 101.95 & 100.95 as targets.
Comment: the pair is pulling back but stands above its support.

By at

EUR/GBP intraday: intraday support around 0.8055


Pivot: 0.81.
Our Preference: LONG positions @ 0.806 with 0.811 & 0.813 as next targets.
Alternative scenario: The downside penetration of 0.8055 will call for 0.803 & 0.801.
Comment: the RSI is negative but supported by a strong suppor.

By at

USD/CHF intraday: under pressure.


Pivot: 0.93.
Our preference: SHORT positions below 0.93 with 0.9225 & 0.92 as next targets.
Alternative scenario: The upside breakout of 0.93 will open the way to 0.9335 & 0.9405.
Comment: the pair is rebounding but stands below its resistance.

By at

USD/JPY intraday: bullish bias above 78.15


Pivot: 78.15.
Our preference: LONG positions above 78.15 with 78.9 & 79.1 as next targets.
Alternative scenario: The downside penetration of 78.15 will call for a slide towards 77.9 & 77.65.
Comment: the pair stands above its support and remains on the upside.
By at

GBP/USD intraday: further advance.


Pivot: 1.6200.
Our preference: LONG positions @ 1.621 with targets @ 1.627 & 1.63.
Alternative scenario: The downside penetration of 1.62 will call for a slide towards 1.617 & 1.61.
Comment: the pair is pulling back but stands above its support.

By at

EUR/USD intraday: the upside prevails.


Pivot: 1.3075.
Our preference: LONG positions above 1.3075 with targets @ 1.3117 & 1.3205.
Alternative scenario: The downside breakout of 1.3075 will open the way to 1.3015 & 1.2975.
Comment: the pair is facing a pull back on its support ahead of further advance.

By at

USD/CAD intraday: the upside prevails.


Pivot: 0.97
Our preference: Long positions above 0.97 with targets @ 0.977 & 0.98 in extension.
Alternative scenario: Below 0.97 look for further downside with 0.9665 & 0.963 as targets.
Comment:: the pair is pulling back but stands above its support.

By at

AUD/USD intraday: consolidation.


Pivot: 1.0515
Our preference: Short positions below 1.0515 with targets @ 1.042 & 1.0385 in extension.
Alternative scenario: Above 1.0515 look for further upside with 1.055 & 1.058 as targets.
Comment: the RSI is mixed and calls for caution.

By at

NZD/USD intraday: the downside prevails


Pivot: 0.8285
Our preference: Short positions below 1.8285 with targets @0.8235 & 0.8185 in extension.
Alternative scenario: Above 0.8285 look for further upside with 0.832 & 0.8355 as targets.
Comment: as long as the resistance at 0.8285 is not surpassed, the risk of the break below 0.8235 remains high.
By at

GBP/JPY intraday: the upside prevails.


Pivot: 126.75
Our preference: Long positions above 126.75 with targets @ 128.3 & 128.85 in extension.
Alternative scenario: Below 126.75 look for further downside with 126.15 7 125.6 as targets.
Comment: the pair is pulling back but stands above its support.

By at

Monday, September 17, 2012

AUD/USD intraday: intraday support around 1.0505.


Pivot: 1.0505
Our preference: Long positions above 1.0505 with targets @ 1.058 7 1.0615 in extension.
Alternative scenario: Below 1.0505 look for further downside with 1.0455 & 1.042 as targets.
Comment: a support base at 1.0505 has formed and has allowed for a temporary stabilisation.

By at

EUR/CHF intraday: bullish bias above 1.2115.


Pivot: 1.2115
Our preference: Long  positions above 1.2115 with targets @ 1.2195 & 1.2225 in extension.
Alternative scenario: Below 1.21115 look for further downside with 1.21 & 1.208 as targets.
Comment: the RSI lacks downward momentum.

By at

USD/CAD intraday: the upside prevails.


Pivot: 0.9665
Our preference: Long positions above 0.9665 with targets @ 0.974 & 0.977 in extension.
Alternative scenario: Below 0.9665 look for further downside with 0.963 & 0.9585 as targets.
Comment: the RSI broke above a bearish trend line.

By at

USD/CAD intraday: the upside prevails.


Pivot: 0.9665

Our preference: Long positions above 0.9665 with targets @ 0.974 & 0.977 in extension.

Alternative scenario: Below 0.9665 look for further downside with 0.963 & 0.9585 as targets.

Comment: the RSI broke above a bearish trend line.

By at

EUR/GBP intraday: the upside prevails.


Pivot: 0.8055
Our preference: Long positions above 0.8055 with targets @ 0.811 & 0.813 in extension.
Alternative scenario: Below 0.8055 look for further downside with 0.803 & 0.801 as targets.
Comment: the pair is facing a pull back ahead of further advance.

By at

USD/COP: under pressure.


Pivot: 1830
Our preference: Short positions below 1830 with targets @ 1767 & 1745 in extension.
Alternative scenario: Above 1830 look for further upside with 1847 & 1860 as targets.
Comment: the RSI is mixed to bearish.
By at

AUD/USD intraday: intraday support around 1.0505.


Pivot: 1.0505
Our preference: Long positions above 1.0505 with targets @ 1.058 & 1.0615 in extension.
Alternative scenario: Below 1.0505 look for further downside with 1.0455 & 1.042 as targets.
Comment: a support base at 1.0505 has formed and has allowed for a temporary stabilisation.
By at

USD/CAD intraday: the upside prevails.


Pivot: 0.9665
Our preference: Long positions above 0.9665 with targets @ 0.974 & 0.977 in extension.
Alternative scenario: Below 0.9665 look for further downside with 0.963 7 0.9585 as targets.
Comment: the RSI broke above a bearish trend line.

By at

USD/CHF intraday: under pressure.


Pivot: 0.93
Our preference: Short positions below 0.93 with targets @ 0.9225 & 0.92 in extension.
Alternative scenario: Above 0.93 look for further upside with 0.9335 & 0.9405 as targets.
Comment: the pair is posting a rebound but stands below its resistance.

By at

USD/CHF intraday: under pressure.


Pivot: 0.93
Our preference: Short positions below 0.93 with targets @ 0.9225 & 0.92 in extension.
Alternative scenario: Above 0.93 look for further upside with 0.9335 & 0.9405 as targets.
Comment: the pair is posting a rebound but stands below its resistance.

By at

USD/JPY intraday: the upside prevails.


Pivot: 77.9
Our preference: Long positions above 77.9 with targets @ 78.5 & 78.75 in extension.
Alternative scenario: Below 77.9 look for further downside with 77.65 & 77.3 as targets.
Comment: the pair stands above its new support and should post further advance.

By at

GBP/USD intraday: further advance.


Pivot: 1.617
Our preference: Long positions above 1.617 with targets @ 1.626 & 1.63 in extension.
Alternative scenario: Below 1.617 look for further downside with 1.61 & 1.6065 as targets.
Comment: the pair remains on the upside and should post further advance.

By at

EUR/USD intraday: the upside prevails.


Pivot: 1.3075
Our preference: Long positions above 1.3075 with targets @ 1.317 & 1.3205 in extension.
Alternative scenario: Below 1.3075 look for further downside with 1.305 & 1.2975 as targets.
Comment: the pair stands above its new support and should post further advance.

By at

GBP/JPY intraday: the upside prevails.


Pivot: 126.15
Our preference: Long positions above 126.15 with targets @ 127.5 & 127.95 in extension.
Alternative scenario: Below 126.15 look for further downside with 125.6 & 124.9 as targets.
Comment: the pair stands above its new support and should post further advance.

By at

EUR/JPY intraday: further advance.


Pivot: 102.45
Our preference: Long positions above 102.45 with targets@ 103.05 & 103.35 in extension.
Alternative scenario: Below 102.45 look for further downside with 101.95 & 100.95 as targets.
Comment: the pair stands above its new support and should post further advance.

By at

EUR/GBP intraday: the upside prevails.


Pivot: 0.8055
Our preference: Long positions above 0.8055 with targets @ 0.811 & 0.813 in extension.
Alternative scenario: Below 0.8055 look for further downside with 0.803 & 0.801 as targets.
Comment: the pair is facing a pull back ahead of further advance.

By at

USD/JPY intraday: rebound.


Pivot: 77.90.
Our preference: LONG positions above 77.9 with 78.75 as next targets.
Alternative scenario: The downside penetration of 77.9 will call for a slide towards 77.65 & 77.3.
Comment: the pair stands above its support and remains on the upside.

By at
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USDCHF Technical Analysis - Sell at 0.9955

USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...