Forex Trend Prediction Sep 13, 2013
AUD/CAD 13/9/2013
1 week Trend: (=) 1 month Trend: (=)
AUD/CAD intraday: rebound
Our pivot point is at 0.954.
Our preference: rebound.
Alternative scenario: the downside breakout of 0.954 would call for 0.952 and 0.952.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the pair stands below its 20 and 50 MAs (respectively at 0.9568 and 0.959).
Supports and resistances:
0.96 *
0.959 **
0.959
0.956028 last
0.955
0.954 **
0.952 *
EUR/USD 13/9/2013
1 week Trend: (=) 1 month Trend: (=)
EUR/USD intraday: key resistance at 1.33.
Pivot: 1.33
Our preference: Short positions below 1.33 with targets @ 1.3255 & 1.323 in extension.
Alternative scenario: Above 1.33 look for further upside with 1.3325 & 1.336 as targets.
Comment: the pair is rebounding and is challenging its resistance.
Key levels
1.336
1.3325
1.33
1.3289 last
1.3255
1.323
1.319
Gold 13/9/2013
1 week Trend: (=) 1 month Trend: (=)
GOLD (Spot) intraday: the downside prevails.
Pivot: 1320.00
Our preference: SHORT positions below 1320 with 1297 & 1288 as next targets.
Alternative scenario: The upside penetration of 1320 will call for 1331 & 1343.
Comment: the immediate trend remains down and the momentum is strong.
Trend: ST Bearish; MT Bearish
Key levels Comment
1343** Intraday resistance
1331*** Intraday resistance
1320** Intraday pivot point
1311.99 Last
1297** Intraday support
1288** Intraday support
1274** Intraday support
Technical Analysis – Time MetaTrader4
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