Forex Trend Prediction Feb 28, 2013
USD/CAD 28/02/2013
1 week Trend: (=) 1 month Trend: (=)
USD/CAD intraday: the downside prevails.
Pivot: 1.0255
Our preference: Short positions below 1.0255 with targets @ 1.0205 & 1.018 in extension.
Alternative scenario: Above 1.0255 look for further upside with 1.0275 & 1.03 as targets.
Comment: the pair has broken below the lower boundary of its intraday bullish channel.
Key levels
1.03
1.0275
1.0255
1.0226 last
1.0205
1.018
1.0155
AUD/USD 28/02/2013
1 week Trend: (=) 1 month Trend: (=)
AUD/USD intraday: the upside prevails.
Pivot: 1.022
Our preference: Long positions above 1.022 with targets @ 1.029 & 1.0315 in extension.
Alternative scenario: Below 1.022 look for further downside with 1.0195 & 1.017 as targets.
Comment: the RSI is mixed to bullish.
Key levels
1.034
1.0315
1.029
1.0269 last
1.022
1.0195
1.017
NZD/USD 28/02/2013
1 week Trend: (=) 1 month Trend: (=)
NZD/USD intraday: the upside prevails.
Pivot: 0.8265
Our preference: Long positions above 0.8265 with targets @ 0.8355 & 0.839 in extension.
Alternative scenario: Below 0.8265 look for further downside with 0.822 & 0.8205 as targets.
Comment: the RSI is bullish and calls for further upside.
Key levels
0.8415
0.839
0.8355
0.8315 last
0.8265
0.822
0.8205
GBP/USD 28/02/2013
1 week Trend: (=) 1 month Trend: (=)
GBP/USD intraday: the upside prevails.
Pivot: 1.511
Our preference: Long positions above 1.511 with targets @ 1.522 & 1.528 in extension.
Alternative scenario: Below 1.511 look for further downside with 1.507 & 1.504 as targets.
Comment: the pair stands above its support and remains on the upside, the RSI stands around its neutrality area.
Key levels
1.532
1.528
1.522
1.5163 last
1.511
1.507
1.504
GBP/JPY 28/02/2013
1 week Trend: (=) 1 month Trend: (=)
GBP/JPY intraday: rebound.
Pivot: 139
Our preference: Long positions above 139 with targets @ 140.5 & 141.25 in extension.
Alternative scenario: Below 139 look for further downside with 138.4 & 137.7 as targets.
Comment: the pair is rebounding on its support, the RSI stands around its neutrality area and is turning up.
Key levels
142
141.25
140.5
139.725 last
139
138.4
137.7
EUR/USD 28/02/2013
1 week Trend: (=) 1 month Trend: (=)
EUR/USD intraday: the upside prevails.
Pivot: 1.3065
Our preference: Long positions above 1.3065 with targets @ 1.3165 & 1.3205 in extension.
Alternative scenario: Below 1.3065 look for further downside with 1.303 & 1.301 as targets.
Comment: the pair has struck against its resistance and is facing a pull back ahead of further advance, the RSI is reversing up from its oversold area.
Key levels
1.325
1.3205
1.3165
1.3118 last
1.3065
1.303
1.301
IBEX 28/02/2013
1 week Trend: (=) 1 month Trend: (=)
IBEX (Mar 13) intraday: the downside prevails.
Pivot: 8400
Our preference: SHORT positions below 8400 with targets @ 7945 & 7866.
Alternative scenario: The upside breakout of 8400 will open the way to 8525 & 8750.
Comment: the upward potential is likely to be limited by the resistance at 8400.
Trend: ST Bullish; MT Bullish
Key levels Comment
8750** Intraday resistance
8525** Intraday resistance
8400** Intraday pivot point
8165 Last
7945** Intraday support
7866** Intraday support
7670** Intraday support
Technical Analysis – Time MetaTrader4
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