Forex Trend Prediction Aug 21, 2013
USD/CHF 21/8/2013
1 week Trend: (=) 1 month Trend:
(=)
USD/CHF intraday: under pressure.
Pivot: 0.9215
Our preference: Short @ 0.92 with targets @ 0.9145 & 0.9125 in extension.
Alternative scenario: Above 0.9215 look for further upside with 0.9245 & 0.928 as targets.
Comment: the pair is posting a rebound but should be capped by its resistance.
Key levels
0.928
0.9245
0.9215
0.91904 last
0.9145
0.9125
0.91
EUR/USD 21/8/2013
1 week Trend: (=) 1 month Trend:
(=)
EUR/USD intraday: the upside prevails.
Pivot: 1.3365
Our preference: Long @ 1.338 with targets @ 1.345 & 1.349 in extension.
Alternative scenario: Below 1.3365 look for further downside with 1.3305 & 1.327 as targets.
Comment: the pair is facing a pull back on its support ahead of a rebound.
Key levels
1.354
1.349
1.345
1.33928 last
1.3365
1.3305
1.327
EUR/GBP 21/8/2013
1 week Trend: (=) 1 month Trend:
(=)
EUR/GBP intraday: the upside prevails.
Pivot: 0.8535
Our preference: Long positions above 0.8535 with targets @ 0.8555 & 0.858 in extension.
Alternative scenario: Below 0.8535 look for further downside with 0.8515 & 0.85 as targets.
Comment: the pair has struck against its resistance and is facing a pull back on its support.
Key levels
0.86
0.858
0.8555
0.85436 last
0.8535
0.8515
0.85
Gold 21/8/2013
1 week Trend: (=) 1 month Trend:
(=)
GOLD (Spot) intraday: the bias remains bullish.
Pivot: 1352.00
Our preference: LONG positions above 1352 with 1384 & 1394 as next targets.
Alternative scenario: The downside penetration of 1352 will call for 1345 & 1328.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Trend: ST Bullish; MT Ltd upside
Key levels Comment
1416** Fib projection
1394** Intraday resistance
1384** Intraday resistance
1360.97 Last
1352*** Intraday pivot point
1345** Intraday support
1328** Fib retracement (50%)
Technical Analysis – Time MetaTrader4
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