Forex Trend Prediction Sep 12, 2013

EUR/CHF                    12/9/2013

1 week Trend:  118578 (=)   1 month Trend: 000300 (=)
EUR/CHF intraday: key ST resistance at 1.2415.
Pivot: 1.2415

Our preference: Short positions below 1.2415 with targets @ 1.233 & 1.2305 in extension.

Alternative scenario: Above 1.2415 look for further upside with 1.246 & 1.249 as targets.

Comment: as long as 1.2415 is resistance, look for choppy price action with a bearish bias.

Key levels
1.249
1.246
1.2415
1.23728 last
1.233
1.2305
1.228

8007017

NZD/USD                    12/9/2013

1 week Trend: 118578 (=)   1 month Trend:  118577 (=)
NZD/USD intraday: watch 0.816.
Pivot: 0.807

Our preference: Long positions above 0.807 with targets @ 0.816 & 0.821 in extension.

Alternative scenario: Below 0.807 look for further downside with 0.803 & 0.8 as targets.

Comment: investors have to remain cautious since the 0.816 strong resistance may trigger profit taking.

Key levels
0.825
0.821
0.816
0.81471 last
0.807
0.803
0.8

8007018

EUR/USD                    12/9/2013

1 week Trend:  000300 (=)   1 month Trend: 118578 (=)
EUR/USD intraday: the upside prevails.
Pivot: 1.327

Our preference: Long positions above 1.327 with targets @ 1.333 & 1.336 in extension.

Alternative scenario: Below 1.327 look for further downside with 1.323 & 1.319 as targets.

Comment: the pair stands above its support and should post a rebound as the RSI is reversing up.

Key levels
1.339
1.336
1.333
1.3289 last
1.327
1.323
1.319

8007019

Gold                            12/9/2013

1 week Trend: 15242424 (=)   1 month Trend:  000300 (=)
GOLD‏ (Spot) intraday: the downside prevails.
Pivot: 1357.00

Our preference: SHORT positions below 1357 with targets @ 1335 & 1319.

Alternative scenario: The upside penetration of 1357 will call for 1369 & 1379.

Comment: the break below 1357 is a negative signal that has opened a path to 1335.

Trend: ST Bullish; MT Ltd upside

Key levels Comment

1379** Intraday resistance
1369** Intraday resistance
1357** Intraday pivot point
1341 Last
1335** Intraday support
1319** Intraday support
1297** Intraday support

8007020

Technical Analysis – Time MetaTrader4

8007021

8007022

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