Free Afternoon Forex Trading signals – June 25, 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: key resistance at 1.3175.

Pivot: 1.3175

Our preference: Short positions below 1.3175 with targets @ 1.3085 & 1.305 in extension.

Alternative scenario: Above 1.3175 look for further upside with 1.323 & 1.325 as targets.

Comment: the pair is posting a rebound but stands below its resistance, the RSI lacks upward momentum.

GBP/USD intraday: the bias remains bullish.

Pivot: 1.5385

Our preference: Long positions above 1.5385 with targets @ 1.5485 & 1.553 in extension.

Alternative scenario: Below 1.5385 look for further downside with 1.534 & 1.531 as targets.

Comment: the pair remains on the upside and is challenging its resistance.

USD/CHF intraday: the bias remains bullish.

Pivot: 0.929

Our preference: Long positions above 0.929 with targets @ 0.938 & 0.9415 in extension.

Alternative scenario: Below 0.929 look for further downside with 0.924 & 0.92 as targets.

Comment: the pair is rebounding above its support, the RSI stands above its neutrality area.

USD/CAD intraday: bullish bias above 1.0435.

Pivot: 1.0435

Our preference: Long positions above 1.0435 with targets @ 1.0525 & 1.0555 in extension.

Alternative scenario: Below 1.0435 look for further downside with 1.039 & 1.036 as targets.

Comment: the pair is facing a pull back ahead of further advance.

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

Pivot: 94.60

Our preference: LONG positions above 94.6 with 96.65 & 97.6 in sight.

Alternative scenario: The downside penetration of 94.6 will call for 93.8 & 92.6.

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

GOLD (Spot) intraday: the downside prevails.

Pivot: 1326.00

Our preference: SHORT positions below 1326 with 1270 & 1244 in sight.

Alternative scenario: The upside breakout of 1326 will open the way to 1347 & 1375.

Comment: a break below 1270 would trigger a drop towards 1244.

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

Pivot: 14870

Our preference: SHORT positions below 14870 with targets @ 14470 & 14320.

Alternative scenario: The upside breakout of 14870 will open the way to 15020 & 15130.

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

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

Pivot: 1602

Our preference: SHORT positions below 1602 with targets @ 1553 & 1542.

Alternative scenario: The upside breakout of 1602 will open the way to 1620 & 1633.

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