Daily analysis 2013.10.07

USDCHF:
the pair Near Term: upside favored
Recommend: 
Pivot: 0.9023
Entry: Long position above 0.9023                    
Targets: 0.9045, 0.9081 
then 0.9116 in extension 
Stop: below 0.8993
Alternative Scenario: a break below
 0.8993 may put 0.8955 where Re-entry Long 

*********************************************

EURUSD:
the pair Near Term: downside favored
Recommend:
Pivot: 1.3595
Entry: short position below 1.3595                 
Targets: 1.3566, 1.3517 
then 1.3467 in extension
Stop: above 1.3625
Alternative scenario: a break above 1.3625 
will call for 1.3645 then 1.3710

************************************************

USDJPY:
the pair Near Term: downside favored
Recommend:
Pivot: 0.9716
Entry: Short position below 0.9716                                                                        
Targets: 96.80, 96.50
then 96.15 in extension
Stop: above 97.32
Alternative scenario: break above 97.32
will call for 97.62 where Re-entry short

***********************************************

GBPUSD:
the pair Near Term: downside favored
Recommend:
Pivot: 1.6090
Entry: short position below 1.6090                     
Targets: 1.6060, 1.6035, 1.6005
then 1.5970 in extension 
Stop: above 1.6125
Alternative scenario: break above 1.6125
will call for 1.6260

************************************************

Crude Oil NOV 2013:
the pair Near Term: upside favored
Recommend:
Pivot:102.50
Entry: Long position above 102.50          
Targets: 103.75, 104.60
then 105.40 in extension
Stop: below 102.00
Alternative scenario: a break below 
102.00 may put 101.65 where Re-entry long 

************************************************

Gold:
Near Term: upside favored
A,B,C pattern will drive to D= 1530
Recommend: 
Pivot: 1307
Entry: Long position above 1307                       
Targets:1315, 1326
then 1337 in extension
Stop: below 1300
Alternative scenario: break below 1300
may put 1292 where Re-entry Long

***********************************************
Wish you Good day trade