Market Technical Analysis-2013/05/29 Pre EU Open FindYourFX.com

[EURUSD]
Intraday Highlight: under pressure
Pivot:1.289
Most Likely Scenario: Short positions below 1.289 with targets at 1.282 and 1.2795 in extension
Alternative scenario: Above 1.289 look for further upside with 1.292 and 1.295 as targets
Comments: the pair stands below its resistance and remains on the downside, the RSI is badly directed
EURUSD

[GBPUSD]
Intraday Highlight: the downside prevails
Pivot:1.5075
Most Likely Scenario: Short positions below 1.5075 with targets at 1.501 and 1.4975 in extension
Alternative scenario: Above 1.5075 look for further upside with 1.5115 and 1.5155 as targets
Comments: the pair remains under pressure and is challenging its support, the RSI is badly directed
GBPUSD

[USDJPY]
Intraday Highlight: the bias remains bullish
Pivot:101.3
Most Likely Scenario: Long positions above 101.3 with targets at 102.6 and 103 in extension
Alternative scenario: Below 101.3 look for further downside with 100.85 and 100.55 as targets
Comments: the pair remains on the upside and is challenging its resistance, the RSI is well directed
USDJPY

www.findyourfx.com is always working hard to provide a detailed technical analysis report to our valuable visitors everyday, this report includes the technical analysis for 7 major currency pairs,gold and silver. The report will be published 3 times daily, such as before Aisa market opening, before EU market opening and before US market opening. Within the report, we will provide our suggestions and expectations including buy or sell and positions for short term movement. We hope this report will bring some helps and lucks to your trading.

[AUDUSD]
Intraday Highlight: the downside prevails
Pivot:0.962
Most Likely Scenario: Short positions below 0.962 with targets at 0.951 and 0.945 in extension
Alternative scenario: Above 0.962 look for further upside with 0.9695 and 0.9735 as targets
Comments: the break below 0.962 is a negative signal that has opened a path to 0.951
AUDUSD

[NZDUSD]
Intraday Highlight: capped by a negative trend line
Pivot:0.8105
Most Likely Scenario: Short positions below 0.8105 with targets at 0.8005 and 0.796 in extension
Alternative scenario: Above 0.8105 look for further upside with 0.813 and 0.8155 as targets
Comments: the pair is capped by a declining trend line currently around 0.8105 while the RSI calls for further downside
NZDUSD

[USDCHF]
Intraday Highlight: intraday support around 0.971
Pivot:0.97
Most Likely Scenario: Long positions above 0.97 with targets at 0.982 and 0.987 in extension
Alternative scenario: Below 0.97 look for further downside with 0.966 and 0.9635 as targets
Comments: the pair has rebounded on its support and should post further advance as the RSI is well directed
USDCHF

[USDCAD]
Intraday Highlight: towards 1.0465
Pivot:1.039
Most Likely Scenario: Long positions above 1.039 with targets at 1.0445 and 1.0465 in extension
Alternative scenario: Below 1.039 look for further downside with 1.0365 and 1.033 as targets
Comments: the break above the resistance at 1.039 triggered an upward acceleration to 1.0445
USDCAD

[GOLDS]
Intraday Highlight: further advance
Pivot:1377
Most Likely Scenario: Long positions above 1377 with targets at 1402 and 1419 in extension
Alternative scenario: Below 1377 look for further downside with 1354 and 1336 as targets
Comments: Gold prices are supported by a rising trend line
GOLDS

[SILVER]
Intraday Highlight: the bias remains bullish
Pivot:22.11
Most Likely Scenario: Long positions above 22.11 with targets at 22.75 and 23.2 in extension
Alternative scenario: Below 22.11 look for further downside with 21.9 and 21.4 as targets
Comments: intraday support around 22.11
SILVER

Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. We will not have any responsibilities for any issues caused by this analysis report.

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