Forex Trend Prediction Aug 22, 2013
EUR/USD 22/8/2013
1 week Trend: (=) 1 month Trend:
(=)
EUR/USD intraday: under pressure.
Pivot: 1.338
Our preference: Short positions below 1.338 with targets @ 1.3305 & 1.327 in extension.
Alternative scenario: Above 1.338 look for further upside with 1.341 & 1.345 as targets.
Comment: the pair is rebounding but stands below its resistance, the RSI stands below its neutrality area and is turning down.
Key levels
1.345
1.341
1.338
1.3341 last
1.3305
1.327
1.3235
EUR/GBP 22/8/2013
1 week Trend: (=) 1 month Trend:
(=)
EUR/GBP intraday: rebound.
Pivot: 0.8535
Our preference: Long positions above 0.8535 with targets @ 0.858 & 0.86 in extension.
Alternative scenario: Below 0.8535 look for further downside with 0.8515 & 0.85 as targets.
Comment: the pair has rebounded and is breaking above its resistance as the RSI is well directed.
Key levels
0.861
0.86
0.858
0.85671 last
0.8535
0.8515
0.85
NZD/USD 22/8/2013
1 week Trend: (=) 1 month Trend:
(=)
NZD/USD intraday: the downside prevails.
Pivot: 0.789
Our preference: Short positions below 0.789 with targets @ 0.7805 & 0.776 in extension.
Alternative scenario: Above 0.789 look for further upside with 0.7945 & 0.8 as targets.
Comment: the pair remains within a bearish channel and is approaching its previous low.
Key levels
0.8
0.7945
0.789
0.7824 last
0.7805
0.776
0.7715
Gold 22/8/2013
1 week Trend: (=) 1 month Trend:
(=)
GOLD (Spot) intraday: further upside.
Pivot: 1359.00
Our preference: LONG positions above 1359 with targets @ 1379 & 1384.
Alternative scenario: The downside breakout of 1359 will open the way to 1352 & 1347.
Comment: the RSI is mixed with a bullish bias.
Trend: ST Bullish; MT Ltd upside
Key levels Comment
1394** Intraday resistance
1384** Intraday resistance
1379** Intraday resistance
1369 Last
1359** Intraday pivot point
1352** Intraday support
1347*** Intraday support
Technical Analysis – Time MetaTrader4
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