Free Afternoon Forex Trading signals – July 25, 2013

Published: 25 July 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: break of a ST rising trendline support.

Pivot: 1.3255.

Our preference: SHORT positions below 1.3255 with 1.316 & 1.3135 as next targets.

Alternative scenario: The upside penetration of 1.3255 will call for 1.33 & 1.337.

Comment: the pair has broken below its rising trend line and the RSI is capped by a bearish trend line.

GBP/USD intraday: under pressure.

Pivot: 1.539

Our preference: Short positions below 1.539 with targets @ 1.5265 & 1.522 in extension.

Alternative scenario: Above 1.539 look for further upside with 1.543 & 1.5475 as targets.

Comment: the pair has pushed below a key rising trend line.

USD/CHF intraday: key ST resistance at 0.94.

Pivot: 0.94

Our preference: Short positions below 0.94 with targets @ 0.934 & 0.9315 in extension.

Alternative scenario: Above 0.94 look for further upside with 0.944 & 0.9475 as targets.

Comment: as long as 0.94 is resistance, look for choppy price action with a bearish bias.

USD/CAD intraday: key ST resistance at 1.035.

Pivot: 1.035

Our preference: Short positions below 1.035 with targets @ 1.025 & 1.0215 in extension.

Alternative scenario: Above 1.035 look for further upside with 1.0395 & 1.044 as targets.

Comment: as long as 1.035 is resistance, look for choppy price action with a bearish bias.

Crude Oil (Sep 13) intraday: key ST resistance at 106.15

Pivot: 106.15

Our preference: SHORT positions below 106.15 with targets @ 103.75 & 103.2.

Alternative scenario: The upside penetration of 106.15 will call for a rebound towards 107.6 & 108.9.

Comment: the RSI is below its neutrality area at 50%

GOLD (Spot) intraday: the downside prevails.

Pivot: 1329.00

Our preference: SHORT positions below 1329 with 1298 & 1283 in sight.

Alternative scenario: The upside penetration of 1329 will call for 1338 & 1348.

Comment: as long as the resistance at 1329 is not surpassed, the risk of the break below 1298 remains high.

Dow Jones (Sep 13) intraday: consolidation.

Pivot: 15565

Our preference: SHORT positions below 15565 with 15345 & 15260 in sight.

Alternative scenario: The upside penetration of 15565 will call for a rebound towards 15590 & 15620.

Comment: the RSI is capped by a bearish trend line.

S&P 500 (Sep 13) intraday: consolidation.

Pivot: 1687

Our preference: SHORT positions below 1687 with 1666 & 1661 in sight.

Alternative scenario: The upside penetration of 1687 will call for a rebound towards 1696 & 1701.

Comment: the RSI is capped by a bearish trend line.

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