Forex Trend Prediction Feb 27, 2013
NZD/USD 27/02/2013
1 week Trend: (=) 1 month Trend:
(=)
NZD/USD intraday: key resistance at 0.8265.
Pivot: 0.8265
Our preference: Short positions below 0.8265 with targets @ 0.8205 & 0.8185 in extension.
Alternative scenario: Above 0.8265 look for further upside with 0.831 & 0.8355 as targets.
Comment: the RSI is below a strong resistance area (limiting the upside potential). The 50-Ma (in blue) maintains a downside pressure.
Key levels
0.8355
0.831
0.8265
0.8229 last
0.8205
0.8185
0.816
EUR/CHF 27/02/2013
1 week Trend: (=) 1 month Trend:
(=)
EUR/CHF intraday: key ST resistance at 1.22.
Pivot: 1.22
Our preference: Short positions below 1.22 with targets @ 1.212 & 1.21 in extension.
Alternative scenario: Above 1.22 look for further upside with 1.225 & 1.227 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.22.
Key levels
1.227
1.225
1.22
1.21899 last
1.212
1.21
1.2075
EUR/USD 27/02/2013
1 week Trend: (=) 1 month Trend:
(=)
EUR/USD intraday: under pressure.
Pivot: 1.312
Our preference: Short positions below 1.312 with targets @ 1.301 & 1.299 in extension.
Alternative scenario: Above 1.312 look for further upside with 1.3145 & 1.3205 as targets.
Comment: the pair is posting a rebound but stands below its resistance, the RSI lacks upward momentum.
Key levels
1.3205
1.3145
1.312
1.30837 last
1.301
1.299
1.295
GBP/USD 27/02/2013
1 week Trend: (=) 1 month Trend:
(=)
GBP/USD intraday: capped by a negative trend line.
Pivot: 1.5155
Our preference: Short positions below 1.5155 with targets @ 1.507 & 1.504 in extension.
Alternative scenario: Above 1.5155 look for further upside with 1.522 & 1.528 as targets.
Comment: the pair is rebounding but remains capped by a declining trend line.
Key levels
1.528
1.522
1.5155
1.5132 last
1.507
1.504
1.4985
EUR/GBP 27/02/2013
1 week Trend: (=) 1 month Trend:
(=)
EUR/GBP intraday: key resistance at 0.867.
Pivot: 0.867
Our preference: Short positions below 0.867 with targets @ 0.862 & 0.86 in extension.
Alternative scenario: Above 0.867 look for further upside with 0.8705 & 0.8765 as targets.
Comment: the pair has struck against its resistance and should face further weakness as the RSI is badly directed.
Key levels
0.8765
0.8705
0.867
0.86449 last
0.862
0.86
0.857
Gold 27/02/2013
1 week Trend: (=) 1 month Trend:
(=)
GOLD (Spot) intraday: further advance.
Pivot: 1594.00
Our preference: LONG positions above 1594 with 1625 & 1639 as next targets.
Alternative scenario: The downside breakout of 1594 will open the way to 1584 & 1570.
Comment: the price remains supported by a rising trend line. A test of 1625 seems more likely.
Trend: ST Ltd downside; MT Range
Key levels Comment
1653** Intraday resistance
1639** Intraday resistance
1625*** Intraday resistance
1610.1 Last
1594** Intraday pivot point
1584** Intraday support
1570** Intraday support
Technical Analysis – Time MetaTrader4
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