Forex Trend Prediction Sep 20, 2013
EUR/USD 20/9/2013
1 week Trend: (=) 1 month Trend: (=)
EUR/USD intraday: the upside prevails.
Pivot: 1.3495
Our preference: Long positions above 1.3495 with targets @ 1.358 & 1.3615 in extension.
Alternative scenario: Below 1.3495 look for further downside with 1.345 & 1.34 as targets.
Comment: the pair stands above its new support and remains on the upside.
Key levels
1.367
1.3615
1.358
1.35321 last
1.3495
1.345
1.34
EUR/JPY 20/9/2013
1 week Trend: (=) 1 month Trend: (=)
EUR/JPY intraday: the upside prevails.
Pivot: 133.8
Our preference: Long positions above 133.8 with targets @ 135 & 135.4 in extension.
Alternative scenario: Below 133.8 look for further downside with 133.15 & 132.6 as targets.
Comment: the pair stands above its new support and remains on the upside.
Key levels
135.75
135.4
135
134.414 last
133.8
133.15
132.6
Gold 20/9/2013
1 week Trend: (=) 1 month Trend: (=)
GOLD (Spot) intraday: the bias remains bullish.
Pivot: 1357.00
Our preference: LONG positions above 1357 with 1375 & 1394 as next targets.
Alternative scenario: The downside breakout of 1357 will open the way to 1343 & 1335.
Comment: intraday support around 1357
Trend: ST Bearish; MT Bearish
Key levels Comment
1415** Intraday resistance
1394** Intraday resistance
1375** Intraday resistance
1363.9 Last
1357** Intraday pivot point
1343** Intraday support
1335** Intraday support
Crude Oil (NYMEX) 20/9/2013
1 week Trend: (=) 1 month Trend: (=)
Crude Oil (Nov 13) intraday: key ST resistance at 106.45
Pivot: 106.45
Our preference: SHORT positions below 106.45 with 104.9 & 104.4 as next targets.
Alternative scenario: The upside breakout of 106.45 will open the way to 107.35 & 108.15.
Comment: the RSI is below its neutrality area at 50%
Trend: ST Consolidation; MT Bullish
Key levels Comment
108.15** Intraday resistance
107.35** Intraday resistance
106.45*** Intraday pivot point
105.55 Last
104.9** Intraday support
104.4** Intraday support
103.75** Intraday support
Technical Analysis – Time MetaTrader4
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