Forex Trend Prediction Mar 15, 2013
USD/CHF 15/3/2013
1 week Trend: (=) 1 month Trend: (=)
USD/CHF intraday: under pressure.
Pivot: 0.95
Our preference: Short positions below 0.95 with targets @ 0.9445 & 0.9425 in extension.
Alternative scenario: Above 0.95 look for further upside with 0.953 & 0.9555 as targets.
Comment: the pair remains under pressure and is challenging its support, the RSI stands below its neutrality area.
Key levels
0.9555
0.953
0.95
0.94496 last
0.9445
0.9425
0.941
GBP/USD 15/3/2013
1 week Trend: (=) 1 month Trend: (=)
GBP/USD intraday: further advance.
Pivot: 1.5065
Our preference: Long positions above 1.5065 with targets @ 1.5155 & 1.52 in extension.
Alternative scenario: Below 1.5065 look for further downside with 1.5045 & 1.5005 as targets.
Comment: the pair has broken above its resistance and remains on the upside as the RSI is well directed.
Key levels
1.522
1.52
1.5155
1.5133 last
1.5065
1.5045
1.5005
EUR/USD 15/3/2013
1 week Trend: (=) 1 month Trend: (=)
EUR/USD intraday: the upside prevails.
Pivot: 1.298
Our preference: Long positions above 1.298 with targets @ 1.304 & 1.3075 in extension.
Alternative scenario: Below 1.298 look for further downside with 1.295 & 1.291 as targets.
Comment: the pair is on the upside and is challenging its resistance, the RSI stands above its neutrality area.
Key levels
1.3115
1.3075
1.304
1.3029 last
1.298
1.295
1.291
USD/CAD 15/3/2013
1 week Trend: (=) 1 month Trend: (=)
USD/CAD intraday: the downside prevails.
Pivot: 1.025
Our preference: Short positions below 1.025 with targets @ 1.02 & 1.0185 in extension.
Alternative scenario: Above 1.025 look for further upside with 1.0275 & 1.0295 as targets.
Comment: the pair stands below its new resistance and remains on the downside.
Key levels
1.0295
1.0275
1.025
1.02135 last
1.02
1.0185
1.0155
NZD/USD 15/3/2013
1 week Trend: (=) 1 month Trend: (=)
NZD/USD intraday: bullish bias above 0.8185.
Pivot: 0.8185
Our preference: Long positions above 0.8185 with targets @ 0.824 & 0.827 in extension.
Alternative scenario: Below 0.8185 look for further downside with 0.8155 & 0.8125 as targets.
Comment: the pair is rebounding on its new support, the RSI has broken above a declining trend line.
Key levels
0.8295
0.827
0.824
0.82254 last
0.8185
0.8155
0.8125
Crude Oil (NYMEX) 15/3/2013
1 week Trend: (=) 1 month Trend: (=)
Crude Oil (Apr 13) intraday: further upside.
Pivot: 91.90
Our preference: LONG positions above 91.9 with targets @ 93.5 & 94.45.
Alternative scenario: The downside penetration of 91.9 will call for 90.8 & 90.2.
Comment: the RSI is supported by a bullish trend line.
Trend: ST Ltd upside; MT Range
Key levels Comment
95.5** Intraday resistance
94.45** Intraday resistance
93.5** Intraday resistance
93.16 Last
91.9** Intraday pivot point
90.8** Intraday support
90.2** Intraday support
Technical Analysis – Time MetaTrader4
0 comments