Forex Trend Prediction Mar 07, 2013
GBP/USD 7/3/2013
1 week Trend: (=) 1 month Trend:
(=)
GBP/USD intraday: the downside prevails.
Pivot: 1.5060.
Our preference: SHORT positions @ 1.505 with 1.496 & 1.49 in sight.
Alternative scenario: The upside breakout of 1.506 will open the way to 1.5105 & 1.515.
Comment: the pair is breaking below its previous low and remains on the downside, the RSI is rebounding but stands below its neutrality area.
Trend: ST Ltd Downside; MT Range
Key levels Comment
1.515** Intraday resistance
1.5105*** Intraday resistance
1.506*** Intraday pivot point
1.5004 Last
1.496*** Intraday support
1.49** Intraday support
1.4865** Intraday support
EUR/USD 7/3/2013
1 week Trend: (=) 1 month Trend:
(=)
EUR/USD intraday: the downside prevails.
Pivot: 1.3025.
Our preference: SHORT positions below 1.3025 with 1.296 & 1.2945 in sight.
Alternative scenario: The upside penetration of 1.3025 will call for 1.307 & 1.3095.
Comment: the pair is rebounding from its previous low but stands below its new resistance, the RSI stands around its neutrality area.
Trend: ST Ltd Upside; MT Range
Key levels Comment
1.3095** Horizontal resistance
1.307*** Horizontal resistance
1.3025*** Intraday pivot point
1.2992 Last
1.296** Intraday support
1.2945** Intraday support
1.291** Intraday support
USD/CAD 7/3/2013
1 week Trend: (=) 1 month Trend:
(=)
USD/CAD intraday: the bias remains bullish.
Pivot: 1.0295
Our preference: Long positions above 1.0295 with targets @ 1.0345 & 1.036 in extension.
Alternative scenario: Below 1.0295 look for further downside with 1.027 & 1.025 as targets.
Comment: the pair has struck against its resistance and is facing a pull back on its new support ahead of a rebound.
Key levels
1.038
1.036
1.0345
1.03132 last
1.0295
1.027
1.025
GBP/JPY 7/3/2013
1 week Trend: (=) 1 month Trend:
(=)
GBP/JPY intraday: the downside prevails.
Pivot: 141.5
Our preference: Short positions below 141.5 with targets @ 140.5 & 140.15 in extension.
Alternative scenario: Above 141.5 look for further upside with 142 & 142.4 as targets.
Comment: the pair has tested its support and remains under pressure.
Key levels
142.4
142
141.5
140.765 last
140.5
140.15
139.75
Technical Analysis – Time MetaTrader4
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