Forex Trend Prediction Apr 23, 2013
GBP/USD 23/4/2013
1 week Trend: (=) 1 month Trend:
(=)
GBP/USD intraday: rebound.
Pivot: 1.5245
Our preference: Long positions above 1.5245 with targets @ 1.5315 & 1.5375 in extension.
Alternative scenario: Below 1.5245 look for further downside with 1.521 & 1.517 as targets.
Comment: the pair is rebounding on its support as the RSI is reversing up.
Key levels
1.541
1.5375
1.5315
1.5269 last
1.5245
1.521
1.517
EUR/USD 23/4/2013
1 week Trend: (=) 1 month Trend:
(=)
EUR/USD intraday: under pressure.
Pivot: 1.3085
Our preference: Short positions below 1.3085 with targets @ 1.303 & 1.301 in extension.
Alternative scenario: Above 1.3085 look for further upside with 1.3115 & 1.315 as targets.
Comment: the pair is rebounding and is challenging its resistance.
Key levels
1.315
1.3115
1.3085
1.3074 last
1.303
1.301
1.2985
AUD/USD 23/4/2013
1 week Trend: (=) 1 month Trend:
(=)
AUD/USD intraday: the downside prevails.
Pivot: 1.0275
Our preference: Short @ 1.0255 with targets @ 1.022 & 1.02 in extension.
Alternative scenario: Above 1.0275 look for further upside with 1.031 & 1.0355 as targets.
Comment: the pair is trading in an intraday bearish channel.
Key levels
1.0355
1.031
1.0275
1.02343 last
1.022
1.02
1.0175
Technical Analysis – Time MetaTrader4
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