Free Afternoon Forex Trading signals – Aug 20, 2013 Published: 20 August 2013 Categories: Free Forex trading Signals EUR/USD GBP/USD USD/CHF USD/CAD CRUDE OIL GOLD DOWJONES S&P 500 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: rebound. Pivot: 1.3305 Our preference: Long positions above 1.3305 with targets @ 1.34 & 1.3415 in extension. Alternative scenario: Below 1.3305 look for further downside with 1.327 & 1.3235 as targets. Comment: the pair has rebounded and is approaching its strong resistance. NEXT GBP/USD intraday: the bias remains bullish. Pivot: 1.5605 Our preference: Long positions above 1.5605 with targets @ 1.5685 & 1.572 in extension. Alternative scenario: Below 1.5605 look for further downside with 1.557 & 1.554 as targets. Comment: the pair remains on the upside and is challenging its resistance, the RSI is well directed. PREVIOUS NEXT USD/CHF intraday: under pressure. Pivot: 0.928 Our preference: Short positions below 0.928 with targets @ 0.917 & 0.9125 in extension. Alternative scenario: Above 0.928 look for further upside with 0.931 & 0.9335 as targets. Comment: the pair remains on the downside and is challenging its support, the RSI is badly directed. PREVIOUS NEXT USD/CAD intraday: the upside prevails. Pivot: 1.033 Our preference: Long positions above 1.033 with targets @ 1.0375 & 1.04 in extension. Alternative scenario: Below 1.033 look for further downside with 1.031 & 1.029 as targets. Comment: the RSI is well directed. PREVIOUS NEXT Crude Oil (Oct 13) intraday: the downside prevails. Pivot: 107.10 Our preference: SHORT positions below 107.1 with 105.3 & 104.3 in sight. Alternative scenario: The upside penetration of 107.1 will call for a rebound towards 107.9 & 109. Comment: the RSI has just struck against its neutrality area at 50% and is reversing down. PREVIOUS NEXT GOLD (Spot) intraday: turning down. Pivot: 1373.00 Our preference: SHORT positions below 1373 with 1347 & 1328 in sight. Alternative scenario: The upside breakout of 1373 will open the way to 1384 & 1394. Comment: as long as the resistance at 1373 is not surpassed, the risk of the break below 1347 remains high. PREVIOUS NEXT Dow Jones (Sep 13) intraday: caution. Pivot: 15145 Our preference: SHORT positions below 15145 with 14900 & 14850 in sight. Alternative scenario: The upside penetration of 15145 will call for a rebound towards 15255 & 15360. Comment: as long as 15145 is resistance, look for choppy price action with a bearish bias. PREVIOUS NEXT S&P 500 (Sep 13) intraday: key ST resistance at 1658 Pivot: 1658 Our preference: SHORT positions below 1658 with 1635 & 1630 as next targets. Alternative scenario: The upside penetration of 1658 will call for a rebound towards 1665 & 1675. Comment: as long as 1658 is resistance, look for choppy price action with a bearish bias. PREVIOUS 0 0 votes Page Rating Subscribe Notify of new follow-up comments new replies to my comments I allow to use my email address and send notification about new comments and replies (you can unsubscribe at any time). Label {} [+] Name* Email* Label {} [+] Name* Email* 0 Comments Inline Feedbacks View all comments
