Forex Trend Prediction June 26, 2013
USD/MXN 27/6/2013
1 week Trend: (=) 1 month Trend: (=)
USD/MXN intraday: consolidation.
Pivot: 13.3
Our preference: Short positions below 13.3 with targets @ 12.94 & 12.8 in extension.
Alternative scenario: Above 13.3 look for further upside with 13.6 & 13.8 as targets.
Comment: as long as 13.3 is resistance, look for choppy price action with a bearish bias.
Key levels
13.8
13.6
13.3
13.0888 last
12.94
12.8
12.6
USD/JPY 27/6/2013
1 week Trend: (=) 1 month Trend: (=)
USD/JPY intraday: key ST resistance at 98.3.
Pivot: 98.3
Our preference: Short positions below 98.3 with targets @ 97.6 & 97.2 in extension.
Alternative scenario: Above 98.3 look for further upside with 98.7 & 99.25 as targets.
Comment: the pair has struck against its resistance and remains under pressure.
Key levels
99.25
98.7
98.3
98.049 last
97.6
97.2
96.8
GBP/USD 27/6/2013
1 week Trend: (=) 1 month Trend: (=)
GBP/USD intraday: under pressure.
Pivot: 1.536
Our preference: Short positions below 1.536 with targets @ 1.524 & 1.522 in extension.
Alternative scenario: Above 1.536 look for further upside with 1.54 & 1.543 as targets.
Comment: the pair has broken below its support and remains on the downside.
Key levels
1.543
1.54
1.536
1.5283 last
1.524
1.522
1.5185
NZD/USD 27/6/2013
1 week Trend: (=) 1 month Trend: (=)
NZD/USD intraday: key resistance at 0.7835.
Pivot: 0.7835
Our preference: Short positions below 0.7835 with targets @ 0.7785 & 0.775 in extension.
Alternative scenario: Above 0.7835 look for further upside with 0.786 & 0.79 as targets.
Comment: the pair is still challenging its resistance.
Key levels
0.79
0.786
0.7835
0.7824 last
0.7785
0.775
0.771
EUR/USD 27/6/2013
1 week Trend: (=) 1 month Trend: (=)
EUR/USD intraday: the downside prevails.
Pivot: 1.3055
Our preference: Short positions below 1.3055 with targets @ 1.299 & 1.295 in extension.
Alternative scenario: Above 1.3055 look for further upside with 1.308 & 1.3115 as targets.
Comment: the pair is rebounding but remains within a bearish channel.
Key levels
1.3115
1.308
1.3055
1.30308 last
1.299
1.295
1.29
Technical Analysis – Time MetaTrader4
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