Forex Trend Prediction Sep 03, 2013
EUR/CHF 3/9/2013
1 week Trend: (=) 1 month Trend: (=)
EUR/CHF intraday: intraday support around 1.231.
Pivot: 1.231
Our preference: Long positions above 1.231 with targets @ 1.236 & 1.238 in extension.
Alternative scenario: Below 1.231 look for further downside with 1.2275 & 1.225 as targets.
Comment: the RSI lacks downward momentum.
Key levels
1.239
1.238
1.236
1.23232 last
1.231
1.2275
1.225
EUR/USD 3/9/2013
1 week Trend: (=) 1 month Trend: (=)
EUR/USD intraday: capped by a negative trend line.
Pivot: 1.32
Our preference: Short positions below 1.32 with targets @ 1.315 & 1.312 in extension.
Alternative scenario: Above 1.32 look for further upside with 1.3225 & 1.3255 as targets.
Comment: the pair is posting a rebound but remains capped by a declining trend line.
Key levels
1.3255
1.3225
1.32
1.31739 last
1.315
1.312
1.31
Crude Oil (NYMEX) 3/92013
1 week Trend: (=) 1 month Trend: (=)
Crude Oil (Oct 13) intraday: rebound expected.
Pivot: 105.50
Our preference: LONG positions above 105.5 with 108.6 & 109.15 as next targets.
Alternative scenario: The downside penetration of 105.5 will call for a slide towards 104.3 & 103.55.
Comment: technically, the RSI is above its neutrality area at 50.
Trend: ST Bullish; MT Bullish
Key levels Comment
110** Intraday resistance
109.15** Fib retracement (61.8%)
108.6*** Intraday resistance
107.05 Last
105.5** Intraday pivot point
104.3** Intraday support
103.55** Intraday support
Gold 3/9/2013
1 week Trend: (=) 1 month Trend: (=)
GOLD (Spot) intraday: under pressure.
Pivot: 1398.00
Our preference: SHORT positions below 1398 with 1385 & 1374 as next targets.
Alternative scenario: The upside breakout of 1398 will open the way to 1405 & 1411.
Comment: as long as the resistance at 1398 is not surpassed, the risk of the break below 1385 remains high.
Trend: ST Bullish; MT Ltd upside
Key levels Comment
1411** Intraday resistance
1405** Intraday resistance
1398*** Intraday pivot point
1392.02 Last
1385** Intraday support
1374** Intraday support
1368** Intraday support
Technical Analysis – Time MetaTrader4
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