Technical Report

Thursday May 9 , 2013 09:54 GMT

Latest technical updates EUR/USD European Session The pair moved to the upside and stabilized with four-hour and daily closing above 1.3115 levels Thursday May 9 , 2013 06:52 GMT GBP/USD European Session The pair moved to the upside yesterday and stabilized above 1.5530 failing our negative expectations Thursday May 9 , 2013 06:59 GMT USD/JPY European Session The pair is moving gradually to the downside after failing to breach 99.85 levels several times Thursday May 9 , 2013 07:14 GMT AUD/USD European Session AUD/USD successfully graphed an evident upside trend and has stabilized above 1.0215, giving room for more positivity. Thursday May 9 , 2013 07:22 GMT USD/CHF European Session The pair dropped yesterday and is trading again below 0.9385 levels represented in 38.2% shown on graph Thursday May 9 , 2013 07:25 GMT USD/CAD European Session The downside move extended till the pair reached the second target of the bearish harmonic Bat Pattern represented in 1.0015 at 61.8% correction of CD Leg Thursday May 9 , 2013 07:31 GMT NZD/USD European Session NZD/USD failed to break 0.8355, triggering a powerful bullish wave that carried the pair back to around 0.8470. Thursday May 9 , 2013 07:31 GMT Gold European Session Update We will move to the sidelines today, Thursday May 9 , 2013 06:41 GMT Silver European Session Update We remain on the sidelines awaiting a breakout. Thursday May 9 , 2013 06:43 GMT EUR/GBP European Session Update We prefer to see a clear break above 0.8500 level to confirm further upside Thursday May 9 , 2013 07:04 GMT EUR/JPY European Session Update The bullish scenario is favored, targeting 131.11 high Thursday May 9 , 2013 06:59 GMT GBP/JPY European Session Update We prefer to see a push back above 153.85 for the bullish bias to resume. Thursday May 9 , 2013 06:53 GMT WTI Crude Oil European Session Update We believe the upside is limited in the short term. Thursday May 9 , 2013 06:46 GMT

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