Forex Trend Prediction Sep 25, 2013
EUR/USD 25/9/2013
1 week Trend: (=) 1 month Trend: (=)
EUR/USD intraday: rebound.
Pivot: 1.3475
Our preference: Long positions above 1.3475 with targets @ 1.352 & 1.355 in extension.
Alternative scenario: Below 1.3475 look for further downside with 1.345 & 1.3425 as targets.
Comment: the pair is rebounding and is breaking above a bullish flag upper boundary.
Key levels
1.357
1.355
1.352
1.3503 last
1.3475
1.345
1.3425
AUD/CAD 25/9/2013
1 week Trend: (=) 1 month Trend: (=)
AUD/CAD intraday: the downside prevails as long as 0.967 is resistance
Our pivot point is at 0.967.
Our preference: the downside prevails as long as 0.967 is resistance.
Alternative scenario: the upside breakout of 0.967, would call for 0.968 and 0.969.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 0.967 and 0.9684).
Supports and resistances:
0.968 *
0.967 **
0.966
0.965477 last
0.962
0.961 **
0.96 *
Gold 25/9/2013
1 week Trend: (=) 1 month Trend: (=)
GOLD (Spot) intraday: key ST resistance at 1332
Pivot: 1332.00
Our preference: SHORT positions below 1332 with 1306 & 1291 in sight.
Alternative scenario: The upside penetration of 1332 will call for a rebound towards 1346 & 1358.
Comment: as long as 1332 is resistance, look for choppy price action with a bearish bias.
Trend: ST Bearish; MT Bearish
Key levels Comment
1358** Intraday resistance
1346** Fib retracement (50%)
1332** Intraday pivot point
1321.9 Last
1306** Intraday support
1291** Intraday support
1272** Intraday support
Cac 40 25/9/2013
1 week Trend: (=) 1 month Trend: (=)
Cac 40 MT: towards 4333.
Pivot: 3925.
Our preference: Bullish above 3925 with 4300 & 4333 points as targets.
Alternative scenario: The downward breakout of 3925 would open the way to 3710 & 3600
Comment: The break above 4169 calls for a further advance
Trend: ST Bullish; MT Bullish, we have been bullish since 24 APR 2013 (3790).
Key levels Comment
4550 ** Horizontal resistance
4333 *** Horizontal resistance
4300 *** Horizontal resistance
4198 Last
3925 *** Pivot point
3710 ** Horizontal support
3600 ** Horizontal support
Technical Analysis – Time MetaTrader4
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