Forex Trend Prediction May 30, 2013
NZD/USD 5/30/2013 8:40 AM Ticker : NZD
1 week Trend: (=) 1 month Trend: (=)
NZD/USD intraday: key resistance at 0.814.
Pivot: 0.814
Our preference: Short positions below 0.814 with targets @ 0.8045 & 0.8005 in extension.
Alternative scenario: Above 0.814 look for further upside with 0.817 & 0.821 as targets.
Comment: the RSI lacks upward momentum.
Key levels
0.821
0.817
0.814
0.8105 last
0.8045
0.8005
0.7965
EUR/USD 5/30/2013 8:25 AM Ticker : EUR
1 week Trend: (=) 1 month Trend: (=)
EUR/USD intraday: the upside prevails.
Pivot: 1.2945
Our preference: Long positions above 1.2945 with targets @ 1.299 & 1.3025 in extension.
Alternative scenario: Below 1.2945 look for further downside with 1.2915 & 1.2875 as targets.
Comment: the pair remains on the upside and is challenging its previous high.
Key levels
1.305
1.3025
1.299
1.29645 last
1.2945
1.2915
1.2875
EUR/JPY 5/30/2013 8:22 AM Ticker : EURJPY
1 week Trend: (=) 1 month Trend: (=)
EUR/JPY intraday: under pressure.
Pivot: 131.2
Our preference: Short positions below 131.2 with targets @ 129.9 & 129.55 in extension.
Alternative scenario: Above 131.2 look for further upside with 131.7 & 132.15 as targets.
Comment: the pair remains under pressure and is challenging its support, the RSI is badly directed.
Key levels
132.15
131.7
131.2
130.59 last
129.9
129.55
129.2
Gold 5/30/2013 7:08 AM Ticker : GOLDS
1 week Trend: (=) 1 month Trend: (=)
GOLD (Spot) intraday: bullish bias above 1388
Pivot: 1388.00
Our preference: LONG positions above 1388 with 1419 & 1430 as next targets.
Alternative scenario: The downside penetration of 1388 will call for a slide towards 1373 & 1354.
Comment: Gold prices are supported by a rising trend line.
Trend: ST Bearish; MT Bearish
Key levels Comment
1445** Intraday resistance
1430** Fib retracement (61.8%)
1419** Intraday resistance
1403.6 Last
1388** Intraday pivot point
1373** Intraday support
1354** Intraday support
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