Forex Trend Prediction Sep 02, 2013
NZD/USD 2/9/2013
1 week Trend: (=) 1 month Trend:
(=)
NZD/USD intraday: continuation of the rebound.
Pivot: 0.775
Our preference: Long positions above 0.775 with targets @ 0.784 & 0.7875 in extension.
Alternative scenario: Below 0.775 look for further downside with 0.7715 & 0.768 as targets.
Comment: the RSI is bullish and calls for further upside.
Key levels
0.794
0.7875
0.784
0.7816 last
0.775
0.7715
0.768
EUR/USD 2/9/2013
1 week Trend: (=) 1 month Trend:
(=)
EUR/USD intraday: caution.
Pivot: 1.3225
Our preference: Short positions below 1.3225 with targets @ 1.3185 & 1.316 in extension.
Alternative scenario: Above 1.3225 look for further upside with 1.3255 & 1.328 as targets.
Comment: the pair is rebounding and is challenging its resistance, caution.
Key levels
1.328
1.3255
1.3225
1.32162 last
1.3185
1.316
1.312
Gold 2/9/2013
1 week Trend: (=) 1 month Trend:
(=)
GOLD (Spot) intraday: under pressure.
Pivot: 1398.00
Our preference: SHORT positions below 1398 with targets @ 1374 & 1368.
Alternative scenario: The upside breakout of 1398 will open the way to 1405 & 1411.
Comment: as long as 1398 is resistance, likely decline to 1374.
Trend: ST Bullish; MT Ltd upside
Key levels Comment
1411** Intraday resistance
1405** Intraday resistance
1398*** Intraday pivot point
1392.6 Last
1374** Intraday support
1368** Intraday support
1355** Intraday support
Technical Analysis – Time MetaTrader4