Free Afternoon Forex Trading signals – May 17, 2013 Published: 17 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: intraday support around 1.2835. Pivot: 1.2835 Our preference: Long positions above 1.2835 with targets @ 1.293 & 1.2995 in extension. Alternative scenario: Below 1.2835 look for further downside with 1.279 & 1.2745 as targets. Comment: the pair stands above its new support and is posting a rebound as the RSI is reversing up. NEXT GBP/USD intraday: under pressure. Pivot: 1.5285 Our preference: Short positions below 1.5285 with targets @ 1.519 & 1.516 in extension. Alternative scenario: Above 1.5285 look for further upside with 1.533 & 1.538 as targets. Comment: the pair stands below its resistance and remains under pressure. PREVIOUS NEXT USD/CHF intraday: the upside prevails. Pivot: 0.963 Our preference: Long positions above 0.963 with targets @ 0.9705 & 0.9745 in extension. Alternative scenario: Below 0.963 look for further downside with 0.959 & 0.9555 as targets. Comment: the pair is rebounding on its support and should post further advance. PREVIOUS NEXT USD/CAD intraday: further advance. Pivot: 1.0205 Our preference: Long positions above 1.0205 with targets @ 1.027 & 1.03 in extension. Alternative scenario: Below 1.0205 look for further downside with 1.0175 & 1.015 as targets. Comment: the break above 1.0205 is a positive signal that has opened a path to 1.027. PREVIOUS NEXT Crude Oil (Jun 13) intraday: the bias remains bullish. Pivot: 94.25 Our preference: LONG positions above 94.25 with 96.2 & 97.1 as next targets. Alternative scenario: The downside penetration of 94.25 will call for 93.25 & 92.1. Comment: the RSI is above its neutrality area at 50%. PREVIOUS NEXT GOLD (Spot) intraday: the downside prevails. Pivot: 1397.00 Our preference: SHORT positions below 1397 with 1370 & 1346 as next targets. Alternative scenario: The upside penetration of 1397 will call for 1407 & 1418. Comment: gold prices are capped by a negative trend line. PREVIOUS NEXT Dow Jones (Jun 13) intraday: bullish bias above 15140 Pivot: 15140 Our preference: LONG positions above 15140 with targets @ 15300 & 15330. Alternative scenario: The downside penetration of 15140 will call for 15075 & 15000. Comment: the RSI is supported by a rising trend line. PREVIOUS NEXT S&P 500 (Jun 13) intraday: bullish bias above 1643 Pivot: 1643 Our preference: LONG positions above 1643 with targets @ 1660 & 1664. Alternative scenario: The downside breakout of 1643 will open the way to 1633 & 1626. Comment: the RSI broke above a bearish 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
