Forex Trend Prediction July 30, 2013
EUR/CHF 30/7/2013
1 week Trend: (=) 1 month Trend:
(=)
EUR/CHF intraday: continuation of the rebound.
Pivot: 1.231
Our preference: Long positions above 1.231 with targets @ 1.2375 & 1.24 in extension.
Alternative scenario: Below 1.231 look for further downside with 1.2295 & 1.2275 as targets.
Comment: the pair has broken above its key resistance and remains on the upside.
Key levels
1.2415
1.24
1.2375
1.2339 last
1.231
1.2295
1.2275
EUR/USD 30/7/2013
1 week Trend: (=) 1 month Trend:
(=)
EUR/USD intraday: under pressure.
Pivot: 1.33
Our preference: Short positions below 1.33 with targets @ 1.3235 & 1.321 in extension.
Alternative scenario: Above 1.33 look for further upside with 1.3335 & 1.337 as targets.
Comment: the pair is posting a rebound but stands below its resistance.
Key levels
1.337
1.3335
1.33
1.32723 last
1.3235
1.321
1.3175
USD/JPY 30/7/2013
1 week Trend: (=) 1 month Trend:
(=)
USD/JPY intraday: under pressure.
Pivot: 98.4
Our preference: Short positions below 98.4 with targets @ 97.5 & 97.2 in extension.
Alternative scenario: Above 98.4 look for further upside with 99 & 99.35 as targets.
Comment: the pair has struck against its resistance and remains on the downside.
Key levels
99.35
99
98.4
98.03 last
97.5
97.2
96.9
Gold 30/7/2013
1 week Trend: (=) 1 month Trend:
(=)
GOLD (Spot) intraday: under pressure.
Pivot: 1340.00
Our preference: SHORT positions below 1340 with 1309 & 1298 in sight.
Alternative scenario: The upside breakout of 1340 will open the way to 1348 & 1357.
Comment: as long as 1340 is resistance, expect a return to 1309.
Trend: ST Ltd upside; MT Bullish
Key levels Comment
1357** Horizontal resistance
1348** Horizontal resistance
1340*** Intraday pivot point
1323.14 Last
1309** Intraday support
1298** Intraday support
1283** Fib retracement (38.2%)
Technical Analysis – Time MetaTrader4