Free Afternoon Forex Trading signals – Apr 30, 2013

Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out.

EUR/USD intraday: the bias remains bullish.

Pivot: 1.304

Our preference: Long positions above 1.304 with targets @ 1.313 & 1.3165 in extension.

Alternative scenario: Below 1.304 look for further downside with 1.3015 & 1.2995 as targets.

Comment: the pair is rebounding on its support as the RSI is reversing up.

GBP/USD intraday: the upside prevails.

Pivot: 1.547

Our preference: Long positions above 1.547 with targets @ 1.554 & 1.5565 in extension.

Alternative scenario: Below 1.547 look for further downside with 1.5445 & 1.541 as targets.

Comment: the pair is facing a pull back on its support.

USD/CHF intraday: under pressure.

Pivot: 0.9395

Our preference: Short positions below 0.9395 with targets @ 0.934 & 0.9305 in extension.

Alternative scenario: Above 0.9395 look for further upside with 0.942 & 0.9455 as targets.

Comment: the pair stands below its resistance and remains under pressure as the RSI is reversing down.

USD/CAD intraday: the downside prevails.

Pivot: 1.013

Our preference: Short positions below 1.013 with targets @ 1.01 & 1.008 in extension.

Alternative scenario: Above 1.013 look for further upside with 1.016 & 1.018 as targets.

Comment: the pair remains in an intraday bearish channel.

Crude Oil (Jun 13) intraday: the bias remains bullish.

Pivot: 93.70

Our preference: LONG positions above 93.7 with targets @ 95.1 & 96.15.

Alternative scenario: The downside penetration of 93.7 will call for a slide towards 92 & 91.1.

Comment: supported by a rising trend line.

GOLD (Spot) intraday: turning down.

Pivot: 1485.00

Our preference: SHORT positions below 1485 with 1448 & 1418 as next targets.

Alternative scenario: The upside breakout of 1485 will open the way to 1507 & 1539.

Comment: gold prices have broken below a rising trend line and are capped by the declining 20-day moving average (currently at 1474).

Dow Jones (Jun 13) intraday: the upside prevails.

Pivot: 14650

Our preference: LONG positions above 14650 with 14820 & 14915 as next targets.

Alternative scenario: The downside breakout of 14650 will open the way to 14590 & 14520.

comment: the June Dow Jones is supported by a rising trend line.

S&P 500 (Jun 13) intraday: bullish bias above 1579

Pivot: 1579

Our preference: LONG positions above 1579 with 1593 & 1598 as next targets.

Alternative scenario: The downside penetration of 1579 will call for 1571 & 1561.

Comment: both, the future and the RSI are supported by rising trend lines.