Forex Trend Prediction Sep 30, 2013
EUR/CAD 30/9/2013
1 week Trend: (=) 1 month Trend:
(=)
EUR/CAD intraday: the downside prevails as long as 1.393 is resistance
Our pivot point is at 1.393.
Our preference: the downside prevails as long as 1.393 is resistance.
Alternative scenario: above 1.393, look for 1.394 and 1.395.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 1.3924 and 1.3918).
Supports and resistances:
1.394 *
1.393 **
1.392
1.39068 last
1.389
1.388 **
1.387 *
EUR/AUD 30/9/2013
1 week Trend: (=) 1 month Trend:
(=)
EUR/AUD intraday: target 1.441
Our pivot point stands at 1.45.
Our preference: target 1.441.
Alternative scenario: above 1.45, look for 1.452 and 1.454.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is below its 20 MA (1.4482) but above its 50 MA (1.4431).
Supports and resistances:
1.452 *
1.45 **
1.449
1.44581 last
1.443
1.441 **
1.44 *
EUR/USD 30/9/2013
1 week Trend: (=) 1 month Trend:
(=)
EUR/USD intraday: under pressure.
Pivot: 1.3525
Our preference: Short positions below 1.3525 with targets @ 1.347 & 1.3455 in extension.
Alternative scenario: Above 1.3525 look for further upside with 1.355 & 1.357 as targets.
Comment: the pair is posting a rebound but stands below its resistance.
Key levels
1.357
1.355
1.3525
1.34984 last
1.347
1.3455
1.3425
NZD/USD 30/9/2013
1 week Trend: (=) 1 month Trend:
(=)
NZD/USD intraday: the downside prevails.
Pivot: 0.83
Our preference: Short positions below 0.83 with targets @ 0.824 & 0.8215 in extension.
Alternative scenario: Above 0.83 look for further upside with 0.8345 & 0.839 as targets.
Comment: as long as 0.83 is resistance, look for choppy price action with a bearish bias.
Key levels
0.839
0.8345
0.83
0.82734 last
0.824
0.8215
0.818
Gold 30/9/2013
1 week Trend: (=) 1 month Trend:
(=)
GOLD (Spot) intraday: the bias remains bullish.
Pivot: 1320.00
Our preference: LONG positions above 1320 with 1352 & 1359 in sight.
Alternative scenario: The downside breakout of 1320 will open the way to 1306 & 1291.
Comment: gold prices are trading in a bullish channel.
Trend: ST Bearish; MT Bearish
Key levels Comment
1375** Intraday resistance
1359** Intraday resistance
1352** Intraday resistance
1338.3 Last
1320*** Intraday pivot point
1306** Intraday support
1291** Intraday support
Technical Analysis – Time MetaTrader4