Free Afternoon Forex Trading signals – Feb 7, 2013 Published: 7 February 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: continuation of the rebound. Pivot: 1.349 Our preference: Long positions above 1.349 with targets @ 1.36 & 1.3635 in extension. Alternative scenario: Below 1.349 look for further downside with 1.3455 & 1.343 as targets. Comment: the RSI broke above a declining trend line. NEXT GBP/USD intraday: intraday support around 1.569. Pivot: 1.569 Our preference: Long positions above 1.569 with targets @ 1.58 & 1.5845 in extension. Alternative scenario: Below 1.569 look for further downside with 1.563 & 1.56 as targets. Comment: technically, the RSI is above its neutrality area at 50. PREVIOUS NEXT USD/CHF intraday: caution. Pivot: 0.905 Our preference: Long positions above 0.905 with targets @ 0.9125 & 0.9145 in extension. Alternative scenario: Below 0.905 look for further downside with 0.9015 & 0.897 as targets. Comment: a support base at 0.905 has formed and has allowed for a temporary stabilisation. PREVIOUS NEXT USD/CAD intraday: the downside prevails. Pivot: 0.9965 Our preference: Short positions below 0.9965 with targets @ 0.9915 & 0.99 in extension. Alternative scenario: Above 0.9965 look for further upside with 0.999 & 1.0005 as targets. Comment: the RSI is mixed with a bearish bias. PREVIOUS NEXT Crude Oil (Mar 13) intraday: the bias remains bullish. Pivot: 95.75 Our preference: LONG positions above 95.75 with targets @ 97.4 & 98.2. Alternative scenario: The downside penetration of 95.75 will call for a slide towards 95 & 94.3. Comment: the RSI is bullish and calls for further upside. PREVIOUS NEXT GOLD (Spot) intraday: further upside. Pivot: 1666.00 Our preference: LONG positions above 1666 with targets @ 1684 & 1695. Alternative scenario: The downside penetration of 1666 will call for 1661 & 1652. Comment: gold prices are supported by a rising trend line in force since January 2013 low. The RSI is negative but supported by a strong support. PREVIOUS NEXT Dow Jones (Mar 13) intraday: the bias remains bullish. Pivot: 13800 Our preference: LONG positions above 13800 with targets @ 13960 & 14035. Alternative scenario: The downside penetration of 13800 will call for 13740 & 13670. Comment: the RSI is bullish and calls for further upside. PREVIOUS NEXT S&P 500 (Mar 13) intraday: the upside prevails. Pivot: 1501 Our preference: LONG positions above 1501 with targets @ 1511 & 1515. Alternative scenario: The downside breakout of 1501 will open the way to 1496 & 1490. Comment: the RSI is bullish and calls for further advance. 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
