Market Technical Analysis-2013/05/30 Pre EU Open FindYourFX.com

[EURUSD]
Intraday Highlight: the upside prevails
Pivot:1.2945
Most Likely Scenario: Long positions above 1.2945 with targets at 1.299 and 1.3025 in extension
Alternative scenario: Below 1.2945 look for further downside with 1.2915 and 1.2875 as targets
Comments: the pair remains on the upside and is challenging its previous high
EURUSD

[GBPUSD]
Intraday Highlight: further upside
Pivot:1.5095
Most Likely Scenario: Long positions above 1.5095 with targets at 1.5185 and 1.522 in extension
Alternative scenario: Below 1.5095 look for further downside with 1.507 and 1.504 as targets
Comments: the pair remains on the upside and is breaking above its resistance
GBPUSD

[USDJPY]
Intraday Highlight: key ST resistance at 101.8
Pivot:101.8
Most Likely Scenario: Short positions below 101.8 with targets at 100.55 and 100.1 in extension
Alternative scenario: Above 101.8 look for further upside with 102.2 and 102.55 as targets
Comments: the pair has struck against its resistance and remains under pressure as the RSI is badly 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: bullish bias above 0.961
Pivot:0.961
Most Likely Scenario: Long positions above 0.961 with targets at 0.9695 and 0.9735 in extension
Alternative scenario: Below 0.961 look for further downside with 0.958 and 0.953 as targets
Comments: the pair is challenging its 0.9695 resistance and remains on the upside
AUDUSD

[NZDUSD]
Intraday Highlight: key resistance at 0.814
Pivot:0.814
Most Likely Scenario: Short positions below 0.814 with targets at 0.8045 and 0.8005 in extension
Alternative scenario: Above 0.814 look for further upside with 0.817 and 0.821 as targets
Comments: the RSI lacks upward momentum
NZDUSD

[USDCHF]
Intraday Highlight: under pressure
Pivot:0.97
Most Likely Scenario: Short positions below 0.97 with targets at 0.9545 and 0.951 in extension
Alternative scenario: Above 0.97 look for further upside with 0.9705 and 0.9735 as targets
Comments: the pair stands below its resistance and remains under pressure, the RSI is badly directed
USDCHF

[USDCAD]
Intraday Highlight: caution
Pivot:1.033
Most Likely Scenario: Long positions above 1.033 with targets at 1.04 and 1.042 in extension
Alternative scenario: Below 1.033 look for further downside with 1.0285 and 1.0245 as targets
Comments: the pair is currently testing an intraday rising trend line while the indicators lack upside momentum
USDCAD

[GOLDS]
Intraday Highlight: bullish bias above 1388
Pivot:1388
Most Likely Scenario: Long positions above 1388 with targets at 1419 and 1430 in extension
Alternative scenario: Below 1388 look for further downside with 1373 and 1354 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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