Forex Trend Prediction July 10, 2013

Gold                       9/7/2013
 

1 week Trend:  118577 (=) 1 month Trend: 118577 (=)
GOLD‏ (Spot) intraday: bullish bias above 1232
Pivot: 1232.00

Our preference: LONG positions above 1232 with 1267.5 & 1277 as next targets.

Alternative scenario: The downside penetration of 1232 will call for a slide towards 1218 & 1208.

Comment: the price has broken above a declining trend line.

Trend: ST Ltd downside; MT Bearish

Key levels Comment

1290** Intraday resistance
1277** Intraday resistance
1267.5** Intraday resistance
1257.39 Last
1232*** Intraday pivot point
1218** Intraday support
1208** Intraday support

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USD/JPY                    9/7/2013
 

1 week Trend: 000300 (=)  1 month Trend:  118578 (=)
USD/JPY intraday: the bias remains bullish.
Pivot: 100.45

Our preference: Long positions above 100.45 with targets @ 101.75 & 102.2 in extension.

Alternative scenario: Below 100.45 look for further downside with 100 & 99.45 as targets.

Comment: the pair is rebounding on its new support and should post further advance as the RSI is well directed.

Key levels
102.5
102.2
101.75
101.12 last
100.45
100
99.45

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EUR/USD                    9/7/2013

1 week Trend:  118577 (=)  1 month Trend: 118578 (=)
EUR/USD intraday: under pressure.
Pivot: 1.292

Our preference: Short positions below 1.292 with targets @ 1.284 & 1.28 in extension.

Alternative scenario: Above 1.292 look for further upside with 1.298 & 1.304 as targets.

Comment: the pair is posting a rebound but stands below its resistance.

Key levels
1.304
1.298
1.292
1.2884 last
1.284
1.28
1.2765

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Technical Analysis – Time MetaTrader4

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