Free Afternoon Forex Trading signals – June 18, 2013

Published: 18 June 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: supported by a rising trend line.

Pivot: 1.334

Our preference: Long positions above 1.334 with targets @ 1.343 & 1.348 in extension.

Alternative scenario: Below 1.334 look for further downside with 1.33 & 1.3275 as targets.

Comment: the pair has rebounded on its support and is approaching its previous high.

GBP/USD intraday: under pressure.

Pivot: 1.568

Our preference: Short positions below 1.568 with targets @ 1.5565 & 1.5515 in extension.

Alternative scenario: Above 1.568 look for further upside with 1.572 & 1.575 as targets.

Comment: the pair has broken below its support and remains on the downside, the RSI is badly directed.

USD/CHF intraday: under pressure.

Pivot: 0.923

Our preference: Short positions below 0.923 with targets @ 0.917 & 0.9125 in extension.

Alternative scenario: Above 0.923 look for further upside with 0.927 & 0.93 as targets.

Comment: the pair is posting a rebound but stands below its resistance, the RSI stands below its neutrality area.

USD/CAD intraday: rebound in sight.

Pivot: 1.0145

Our preference: Long positions above 1.0145 with targets @ 1.0225 & 1.025 in extension.

Alternative scenario: Below 1.0145 look for further downside with 1.01 & 1.005 as targets.

Comment: the pair validated a Falling Wedge calling for an up move towards 1.025.

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

Pivot: 97.35

Our preference: LONG positions above 97.35 with targets @ 98.7 & 99.6.

Alternative scenario: The downside penetration of 97.35 will call for a slide towards 96.3 & 95.

Comment: intraday support around 97.35

GOLD (Spot) intraday: the downside prevails.

Pivot: 1386.00

Our preference: SHORT positions below 1386 with 1366 & 1354 as next targets.

Alternative scenario: The upside penetration of 1386 will call for a rebound towards 1394 & 1402.

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

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

Pivot: 14950

Our preference: LONG positions above 14950 with targets @ 15215 & 15320.

Alternative scenario: The downside breakout of 14950 will open the way to 14805 & 14760.

Comment: the RSI is mixed with a bullish bias.

S&P 500 (Sep 13) intraday: bullish bias above 1610

Pivot: 1610

Our preference: LONG positions above 1610 with 1642 & 1655 as next targets.

Alternative scenario: The downside breakout of 1610 will open the way to 1591 & 1577.

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

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