Forex Trend Prediction Sep 09, 2013
EUR/CHF 9/9/2013
1 week Trend: (=) 1 month Trend:
(=)
EUR/CHF intraday: break of a ST rising trendline support.
Pivot: 1.238
Our preference: Short positions below 1.238 with targets @ 1.232 & 1.2305 in extension.
Alternative scenario: Above 1.238 look for further upside with 1.24 & 1.243 as targets.
Comment: as long as 1.238 is resistance, likely decline to 1.232.
Key levels
1.243
1.24
1.238
1.236 last
1.232
1.2305
1.2275
EUR/USD 9/9/2013
1 week Trend: (=) 1 month Trend:
(=)
EUR/USD intraday: the upside prevails.
Pivot: 1.3155
Our preference: Long positions above 1.3155 with targets @ 1.3195 & 1.3225 in extension.
Alternative scenario: Below 1.3155 look for further downside with 1.3135 & 1.3105 as targets.
Comment: the pair stands above its new support and remains on the upside.
Key levels
1.3255
1.3225
1.3195
1.31885 last
1.3155
1.3135
1.3105
EUR/GBP 9/9/2013
1 week Trend: (=) 1 month Trend:
(=)
EUR/GBP intraday: the downside prevails.
Pivot: 0.8455
Our preference: Short positions below 0.8455 with targets @ 0.8405 & 0.839 in extension.
Alternative scenario: Above 0.8455 look for further upside with 0.8475 & 0.85 as targets.
Comment: the pair remains under pressure and is approaching its support.
Key levels
0.85
0.8475
0.8455
0.8413 last
0.8405
0.839
0.836
Gold 9/9/2013
1 week Trend: (=) 1 month Trend:
(=)
GOLD (Spot) intraday: the bias remains bullish.
Pivot: 1371.00
Our preference: LONG positions above 1371 with 1399 & 1416 as next targets.
Alternative scenario: The downside breakout of 1371 will open the way to 1358 & 1347.
Comment: the RSI lacks downward momentum.
Trend: ST Bullish; MT Ltd upside
Key levels Comment
1430** Intraday resistance
1416** Intraday resistance
1399** Intraday resistance
1386.5 Last
1371*** Intraday pivot point
1358** Intraday support
1347** Intraday support
Technical Analysis – Time MetaTrader4
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