Forex Trend Prediction Mar 21, 2013
EUR/GBP 21/3/2013
1 week Trend: (=) 1 month Trend: (=)
EUR/GBP intraday: the bias remains bullish.
Pivot: 0.8525
Our preference: Long positions above 0.8525 with targets @ 0.858 & 0.86 in extension.
Alternative scenario: Below 0.8525 look for further downside with 0.8495 & 0.845 as targets.
Comment: the pair is facing a pull back but stands above its support.
Key levels
0.8645
0.86
0.858
0.8548 last
0.8525
0.8495
0.845
EUR/USD 21/3/2013
1 week Trend: (=) 1 month Trend: (=)
EUR/USD intraday: bullish bias above 1.288
Pivot: 1.2880.
Our preference: LONG positions @ 1.289 with 1.298 & 1.304 in sight.
Alternative scenario: The downside penetration of 1.288 will call for 1.284 & 1.2815.
Comment: the pair remains on the upside and is challenging its resistance, the RSI stands above its neutrality area.
Trend: ST Ltd Downside; MT Range
Key levels Comment
1.308*** Horizontal resistance
1.304** Horizontal resistance
1.298*** Horizontal resistance
1.2945 Last
1.288*** Intraday pivot point
1.284** Intraday support
1.2815** Intraday support
NZD/USD 21/3/2013
1 week Trend: (=) 1 month Trend: (=)
NZD/USD intraday: the upside prevails.
Pivot: 0.8235
Our preference: Long positions above 0.8235 with targets @ 0.828 & 0.8295 in extension.
Alternative scenario: Below 0.8235 look for further downside with 0.8205 & 0.8185 as targets.
Comment: the pair remains on the upside and is challenging its resistance, the RSI stands above its neutrality and is well directed.
Key levels
0.8315
0.8295
0.828
0.82613 last
0.8235
0.8205
0.8185
Technical Analysis – Time MetaTrader4
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