Forex Trend Prediction Sep 27, 2013
EUR/JPY 27/9/2013
1 week Trend: (=) 1 month Trend: (=)
EUR/JPY intraday: rebound expected.
Pivot: 132.9
Our preference: Long positions above 132.9 with targets @ 133.55 & 134 in extension.
Alternative scenario: Below 132.9 look for further downside with 132.65 & 132.3 as targets.
Comment: the pair stands above its support and should post a rebound as the RSI is supported by a rising trend line.
Key levels
134.45
134
133.55
133.18 last
132.9
132.65
132.3
EUR/USD 27/9/2013
1 week Trend: (=) 1 month Trend: (=)
EUR/USD intraday: under pressure.
Pivot: 1.351
Our preference: Short positions below 1.351 with targets @ 1.347 & 1.3455 in extension.
Alternative scenario: Above 1.351 look for further upside with 1.353 & 1.355 as targets.
Comment: the pair is rebounding and is challenging its resistance.
Key levels
1.355
1.353
1.351
1.35053 last
1.347
1.3455
1.3425
NZD/USD 27/9/2013
1 week Trend: (=) 1 month Trend: (=)
NZD/USD Intraday: supported by a rising trend line.
Pivot: 0.8265
Our preference: Long positions above 0.8265 with targets @ 0.8345 & 0.839 in extension.
Alternative scenario: Below 0.8265 look for further downside with 0.8215 & 0.8155 as targets.
Comment: the RSI is mixed with a bullish bias.
Supports and resistances:
0.8435
0.839
0.8345
0.8286 Last
0.8265
0.8215
0.8155
Gold 27/9/2013
1 week Trend: (=) 1 month Trend: (=)
GOLD (Spot) intraday: further upside.
Pivot: 1320.00
Our preference: LONG positions above 1320 with 1339 & 1346 in sight.
Alternative scenario: The downside penetration of 1320 will call for 1306 & 1291.
Comment: intraday support around 1320
Trend: ST Bearish; MT Bearish
Key levels Comment
1359** Intraday resistance
1346** Fib retracement (50%)
1339** Intraday resistance
1324.5 Last
1320** Intraday pivot point
1306** Intraday support
1291** Intraday support
Technical Analysis – Time MetaTrader
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