Forex Trend Prediction Apr 25, 2013
USD/CHF 25/4/2013
1 week Trend: (=) 1 month Trend: (=)
USD/CHF intraday: intraday support around 0.9435.
Pivot: 0.9435
Our preference: Long @ 0.9445 with targets @ 0.9495 & 0.9525 in extension.
Alternative scenario: Below 0.9435 look for further downside with 0.941 & 0.938 as targets.
Comment: the pair is facing a pull back on its support ahead of further advance.
Key levels
0.9555
0.9525
0.9495
0.9454 last
0.9435
0.941
0.938
GBP/USD 25/4/2013
1 week Trend: (=) 1 month Trend: (=)
GBP/USD intraday: the upside prevails.
Pivot: 1.528
Our preference: Long positions above 1.528 with targets @ 1.534 & 1.5365 in extension.
Alternative scenario: Below 1.528 look for further downside with 1.526 & 1.524 as targets.
Comment: the pair is facing a pull back on its new support (former resistance) ahead of a rebound.
Key levels
1.5385
1.5365
1.534
1.5302 last
1.528
1.526
1.524
EUR/USD 25/4/2013
1 week Trend: (=) 1 month Trend: (=)
EUR/USD intraday: the upside prevails.
Pivot: 1.3005
Our preference: Long positions above 1.3005 with targets @ 1.3085 & 1.3115 in extension.
Alternative scenario: Below 1.3005 look for further downside with 1.2965 & 1.2945 as targets.
Comment: the RSI has broken above a declining trend line, the pair has broken above its resistance and remains on the upside.
Key levels
1.3145
1.3115
1.3085
1.3044 last
1.3005
1.2965
1.2945
Technical Analysis – Time MetaTrader4
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