Free Afternoon Forex Trading signals – May 03, 2013 Published: 3 May 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: rebound. Pivot: 1.306 Our preference: Long positions above 1.306 with targets @ 1.3145 & 1.318 in extension. Alternative scenario: Below 1.306 look for further downside with 1.3035 & 1.301 as targets. Comment: the pair has broken above its intermediary resistance and remains on the upside, the RSI is well directed. NEXT GBP/USD intraday: under pressure. Pivot: 1.557 Our preference: Short positions below 1.557 with targets @ 1.5495 & 1.547 in extension. Alternative scenario: Above 1.557 look for further upside with 1.5605 & 1.5675 as targets. Comment: the pair is pulling back on its former bullish channel lower boundary and remains under pressure, the RSI is reversing down. PREVIOUS NEXT USD/CHF intraday: the bias remains bullish. Pivot: 0.931 Our preference: Long positions above 0.931 with targets @ 0.936 & 0.9385 in extension. Alternative scenario: Below 0.931 look for further downside with 0.9265 & 0.924 as targets. Comment: the pair is facing a pull back on its support. PREVIOUS NEXT USD/CAD intraday: the upside prevails. Pivot: 1.0095 Our preference: Long positions above 1.0095 with targets @ 1.015 & 1.0175 in extension. Alternative scenario: Below 1.0095 look for further downside with 1.0055 & 1.0045 as targets. Comment: the break above 1.0095 is a positive signal that has opened a path to 1.015. PREVIOUS NEXT Crude Oil (Jun 13) intraday: bullish bias above 93.55 Pivot: 93.55 Our preference: LONG positions above 93.55 with targets @ 94.65 & 95.85. Alternative scenario: The downside breakout of 93.55 will open the way to 92 & 90.05. Comment: the next resistances are at 94.65 and then at 95.85. PREVIOUS NEXT GOLD (Spot) intraday: up turn. Pivot: 1463.00 Our preference: LONG positions above 1463 with 1491.5 & 1507 in sight. Alternative scenario: The downside penetration of 1463 will call for 1441 & 1418. Comment: the RSI is mixed with a bullish bias. PREVIOUS NEXT Dow Jones (Jun 13) intraday: the downside prevails. Pivot: 14795 Our preference: SHORT positions below 14795 with 14590 & 14520 in sight. Alternative scenario: The upside penetration of 14795 will call for 14915 & 14950. Comment: as long as 14795 is resistance, look for choppy price action with a bearish bias. PREVIOUS NEXT S&P 500 (Jun 13) intraday: key ST resistance at 1596 Pivot: 1596 Our preference: SHORT positions below 1596 with 1571 & 1561 as next targets. Alternative scenario: The upside penetration of 1596 will call for 1604 & 1610. Comment: as long as 1596 is resistance, look for choppy price action with a bearish bias. PREVIOUS 0 0 votes Page Rating Subscribe Notify of new follow-up comments new replies to my comments I allow to use my email address and send notification about new comments and replies (you can unsubscribe at any time). Label {} [+] Name* Email* Label {} [+] Name* Email* 0 Comments Inline Feedbacks View all comments
