Forex Trend Prediction Aug 23, 2013

USD/CHF                   23/8/2013

1 week Trend:  118577 (=)  1 month Trend: 118578 (=)
USD/CHF intraday: key ST resistance at 0.9265.
Pivot: 0.9265

Our preference: Short positions below 0.9265 with targets @ 0.922 & 0.9195 in extension.

Alternative scenario: Above 0.9265 look for further upside with 0.929 & 0.931 as targets.

Comment: the pair is rebounding but stands below its resistance.

Key levels
0.931
0.929
0.9265
0.9244 last
0.922
0.9195
0.916

7004029

EUR/USD                   23/8/2013

1 week Trend:  000300 (=)  1 month Trend: 118578 (=)
EUR/USD intraday: key resistance at 1.338.
Pivot: 1.338

Our preference: Short positions below 1.338 with targets @ 1.333 & 1.3295 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.

Key levels
1.345
1.341
1.338
1.3358 last
1.333
1.3295
1.327

7004030

EUR/GBP                   23/8/2013

1 week Trend:  000300 (=)  1 month Trend: 000300 (=)
EUR/GBP intraday: the bias remains bullish.
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 is rebounding on its support as the RSI is turning up.

Key levels
0.862
0.86
0.858
0.85507 last
0.8535
0.8515
0.85

7004031

Gold                           23/8/2013

1 week Trend: 15242424 (=)  1 month Trend: 000300 (=)
GOLD‏ (Spot) intraday: target 1384
Pivot: 1367.00

Our preference: LONG positions above 1367 with targets @ 1384 & 1394.

Alternative scenario: The downside penetration of 1367 will call for a slide towards 1359 & 1352.

Comment: the RSI is above its neutrality area at 50%.

Trend: ST Bullish; MT Ltd upside

Key levels Comment

1404** Fib projection
1394** Intraday resistance
1384** Intraday resistance
1376.09 Last
1367** Intraday pivot point
1359** Intraday support
1352*** Intraday support

7004032

Technical Analysis – Time MetaTrader4

7004033

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