Forex Trend Prediction June 25, 2013
USD/CHF 25/6/2013
1 week Trend: (=) 1 month Trend: (=)
USD/CHF intraday: the bias remains bullish.
Pivot: 0.929
Our preference: Long positions above 0.929 with targets @ 0.938 & 0.9415 in extension.
Alternative scenario: Below 0.929 look for further downside with 0.924 & 0.92 as targets.
Comment: the pair stands above its support and should post a rebound as the RSI is reversing up.
Key levels
0.943
0.9415
0.938
0.9337 last
0.929
0.924
0.92
GBP/USD 25/6/2013
1 week Trend: (=) 1 month Trend: (=)
GBP/USD intraday: the bias remains bullish.
Pivot: 1.5385
Our preference: Long positions above 1.5385 with targets @ 1.5485 & 1.553 in extension.
Alternative scenario: Below 1.5385 look for further downside with 1.534 & 1.531 as targets.
Comment: the pair remains on the upside and is challenging its resistance.
Key levels
1.5565
1.553
1.5485
1.5443 last
1.5385
1.534
1.531
EUR/USD 25/6/2013
1 week Trend: (=) 1 month Trend: (=)
EUR/USD intraday: key resistance at 1.3175.
Pivot: 1.3175
Our preference: Short @ 1.316 with targets @ 1.305 & 1.299 in extension.
Alternative scenario: Above 1.3175 look for further upside with 1.323 & 1.325 as targets.
Comment: the pair is posting a rebound but stands below its resistance, the RSI lacks upward momentum.
Key levels
1.325
1.323
1.3175
1.3134 last
1.305
1.299
1.295
Gold 25/6/2013
1 week Trend: (=) 1 month Trend: (=)
GOLD (Spot) intraday: the downside prevails.
Pivot: 1326.00
Our preference: SHORT positions below 1326 with targets @ 1270 & 1244.
Alternative scenario: The upside breakout of 1326 will open the way to 1347 & 1375.
Comment: a break below 1270 would trigger a drop towards 1244.
Trend: ST Bearish; MT Bearish
Key levels Comment
1375** Intraday resistance
1347** Fib retracement (61.8%)
1326*** Intraday pivot point
1276.75 Last
1270** Previous low
1244** Horizontal support
1230** Fib projection
Technical Analysis – Time MetaTrader4
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