Free Afternoon Forex Trading signals – July 22, 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: bullish bias above 1.314

Pivot: 1.3140.

Our preference: LONG positions above 1.314 with 1.3205 & 1.325 as next targets.

Alternative scenario: The downside penetration of 1.314 will call for a slide towards 1.3065 & 1.2995.

Comment: the RSI is bullish and calls for further advance.

GBP/USD intraday: supported by a rising trend line.

Pivot: 1.527

Our preference: Long positions above 1.527 with targets @ 1.54 & 1.543 in extension.

Alternative scenario: Below 1.527 look for further downside with 1.52 & 1.515 as targets.

Comment: the RSI is bullish and calls for further upside.

USD/CHF intraday: caution.

Pivot: 0.9415

Our preference: Short positions below 0.9415 with targets @ 0.936 & 0.9315 in extension.

Alternative scenario: Above 0.9415 look for further upside with 0.944 & 0.9475 as targets.

Comment: as long as the resistance at 0.9415 is not surpassed, the risk of the break below 0.936 remains high.

USD/CAD intraday: under pressure.

Pivot: 1.0395

Our preference: Short positions below 1.0395 with targets @ 1.0325 & 1.025 in extension.

Alternative scenario: Above 1.0395 look for further upside with 1.044 & 1.047 as targets.

Comment: a break below 1.0325 would trigger a drop towards 1.025.

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

Pivot: 106.90

Our preference: LONG positions above 106.9 with 108.9 & 109.5 in sight.

Alternative scenario: The downside breakout of 106.9 will open the way to 106.3 & 105.7.

Comment: technically, the RSI is above its neutrality area at 50.

GOLD (Spot) intraday: bullish bias above 1298

Pivot: 1298.00

Our preference: LONG positions above 1298 with 1335 & 1360 as next targets.

Alternative scenario: The downside breakout of 1298 will open the way to 1288 & 1270.

Comment: the break above 1298 is a positive signal that has opened a path to 1335.

Dow Jones (Sep 13) intraday: bullish bias above 15425

Pivot: 15425

Our preference: LONG positions above 15425 with 15560 & 15590 as next targets.

Alternative scenario: The downside penetration of 15425 will call for 15330 & 15260.

Comment: the RSI is bullish and calls for further upside.

S&P 500 (Sep 13) intraday: the upside prevails.

Pivot: 1675

Our preference: LONG positions above 1675 with 1696 & 1701 as next targets.

Alternative scenario: The downside penetration of 1675 will call for 1665 & 1660.

Comment : the RSI is bullish and calls for further upside.