Free Afternoon Forex Trading signals – June 26, 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: the downside prevails.

Pivot: 1.3105.

Our preference: SHORT positions below 1.3105 with 1.3015 & 1.299 as next targets.

Alternative scenario: The upside breakout of 1.3105 will open the way to 1.315 & 1.319.

Comment: the pair has broken below its support and remains within a bearish channel.

GBP/USD intraday: under pressure.

Pivot: 1.544

Our preference: Short positions below 1.544 with targets @ 1.534 & 1.531 in extension.

Alternative scenario: Above 1.544 look for further upside with 1.5485 & 1.553 as targets.

Comment: the pair remains under pressure and is approaching its support.

USD/CHF intraday: the bias remains bullish.

Pivot: 0.9355

Our preference: Long positions above 0.9355 with targets @ 0.943 & 0.9455 in extension.

Alternative scenario: Below 0.9355 look for further downside with 0.932 & 0.929 as targets.

Comment: the pair has validated a continuation triangle and should post further advance.

USD/CAD intraday: bullish bias above 1.0435.

Pivot: 1.0435

Our preference: Long positions above 1.0435 with targets @ 1.0555 & 1.061 in extension.

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

Comment: the next resistances are at 1.0555 and then at 1.061.

Crude Oil (Aug 13) intraday: the downside prevails.

Pivot: 95.55

Our preference: SHORT positions below 95.55 with 93.8 & 93.1 in sight.

Alternative scenario: The upside breakout of 95.55 will open the way to 96.15 & 96.7.

Comment: as long as 95.55 is resistance, look for choppy price action with a bearish bias..

GOLD (Spot) intraday: the downside prevails.

Pivot: 1255.00

Our preference: SHORT positions below 1255 with 1218 & 1202 in sight.

Alternative scenario: The upside breakout of 1255 will open the way to 1271 & 1290.

Comment: as long as 1255 is resistance, likely decline to 1218.

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

Pivot: 14870

Our preference: SHORT positions below 14870 with 14470 & 14320 in sight.

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

Comment: as long as 14870 is resistance, look for choppy price action with a bearish bias.

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

Pivot: 1602

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

Alternative scenario: The upside penetration of 1602 will call for 1620 & 1633.

Comment: as long as 1602 is resistance, look for choppy price action with a bearish bias.