Free Afternoon Forex Trading signals – May 08, 2013 Published: 8 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: the bias remains bullish. Pivot: 1.305 Our preference: Long positions above 1.305 with targets @ 1.315 & 1.318 in extension. Alternative scenario: Below 1.305 look for further downside with 1.302 & 1.299 as targets. Comment: the pair is rebounding and is challenging its resistance. NEXT GBP/USD intraday: under pressure. Pivot: 1.5515 Our preference: Short positions below 1.5515 with targets @ 1.545 & 1.5415 in extension. Alternative scenario: Above 1.5515 look for further upside with 1.554 & 1.557 as targets. Comment: the pair is rebounding and is challenging its resistance. PREVIOUS NEXT USD/CHF intraday: under pressure. Pivot: 0.942 Our preference: Short positions below 0.942 with targets @ 0.9355 & 0.933 in extension. Alternative scenario: Above 0.942 look for further upside with 0.9435 & 0.9455 as targets. Comment: the pair stands below its resistance and is challenging its rising trend line. PREVIOUS NEXT USD/CAD intraday: under pressure. Pivot: 1.008 Our preference: Short positions below 1.008 with targets @ 1.003 & 1.0015 in extension. Alternative scenario: Above 1.008 look for further upside with 1.01 & 1.013 as targets. Comment: the pair is capped by a declining trend line and remains under pressure. PREVIOUS NEXT Crude Oil (Jun 13) intraday: key ST resistance at 96.3 Pivot: 96.30 Our preference: SHORT positions @ 95.8 with 94.65 & 92.95 in sight. Alternative scenario: The upside breakout of 96.3 will open the way to 97.2 & 98. Comment: the RSI has just broken below a rising trend line. PREVIOUS NEXT GOLD (Spot) intraday: the downside prevails. Pivot: 1466.00 Our preference: SHORT positions below 1466 with 1441 & 1423 in sight. Alternative scenario: The upside penetration of 1466 will call for 1488 & 1507. Comment: as long as the resistance at 1466 is not surpassed, the risk of the break below 1441 remains high. PREVIOUS NEXT Dow Jones (Jun 13) intraday: bullish bias above 14875 Pivot: 14875 Our preference: LONG positions above 14875 with targets @ 15025 & 15090. Alternative scenario: The downside breakout of 14875 will open the way to 14785 & 14705. Comment: technically, the RSI is above its neutrality area at 50. PREVIOUS NEXT S&P 500 (Jun 13) intraday: bullish bias above 1607 Pivot: 1607 Our preference: LONG positions above 1607 with 1626 & 1630 in sight. Alternative scenario: The downside penetration of 1607 will call for a slide towards 1595 & 1585. Comment: the RSI broke above a declining trend line. 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
