Forex Trend Prediction Mar 19, 2013
GBP/USD 19/03/2013
1 week Trend: (=) 1 month Trend: (=)
GBP/USD intraday: intraday support around 1.5065.
Pivot: 1.5065
Our preference: Long positions above 1.5065 with targets @ 1.5145 & 1.518 in extension.
Alternative scenario: Below 1.5065 look for further downside with 1.5045 & 1.5005 as targets.
Comment: the pair stands above its new support and remains on the upside.
Key levels
1.52
1.518
1.5145
1.5092 last
1.5065
1.5045
1.5005
EUR/USD 19/03/2013
1 week Trend: (=) 1 month Trend: (=)
EUR/USD intraday: under pressure.
Pivot: 1.298
Our preference: Short positions below 1.298 with targets @ 1.292 & 1.2875 in extension.
Alternative scenario: Above 1.298 look for further upside with 1.304 & 1.3105 as targets.
Comment: the pair has struck against its resistance and remains on the downside, the RSI stands below its neutrality area and is badly directed.
Key levels
1.3105
1.304
1.298
1.29355 last
1.292
1.2875
1.2815
EUR/JPY 19/03/2013
1 week Trend: (=) 1 month Trend: (=)
EUR/JPY intraday: the upside prevails.
Pivot: 122.9
Our preference: Long positions above 122.9 with targets @ 124.05 & 124.65 in extension.
Alternative scenario: Below 122.9 look for further downside with 122.5 & 121.6 as targets.
Comment: the pair has struck against its resistance and is facing a pull back ahead of further advance.
Key levels
125.2
124.65
124.05
123.479 last
122.9
122.5
121.6
Technical Analysis – Time MetaTrader4
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