Free Afternoon Forex Trading signals – May 22, 2013 Published: 22 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: bullish bias above 1.2895 Pivot: 1.2895. Our preference: LONG positions @ 1.291 with targets @ 1.2955 & 1.2995. Alternative scenario: The downside penetration of 1.2895 will call for a slide towards 1.287 & 1.2835. Comment: the pair remains on the upside targeting 1.2955, while the RSI maintains a bullish bias lacking downward momentum. NEXT GBP/USD intraday: the downside prevails. Pivot: 1.5135 Our preference: Short positions below 1.5135 with targets @ 1.507 & 1.5025 in extension. Alternative scenario: Above 1.5135 look for further upside with 1.518 & 1.522 as targets. Comment: the immediate trend remains down and the momentum is strong. PREVIOUS NEXT USD/CHF intraday: key ST resistance at 0.975. Pivot: 0.975 Our preference: Short positions below 0.975 with targets @ 0.9645 & 0.959 in extension. Alternative scenario: Above 0.975 look for further upside with 0.98 & 0.985 as targets. Comment: as long as 0.975 is resistance, look for choppy price action with a bearish bias. PREVIOUS NEXT USD/CAD intraday: under pressure. Pivot: 1.032 Our preference: Short positions below 1.032 with targets @ 1.024 & 1.021 in extension. Alternative scenario: Above 1.032 look for further upside with 1.0375 & 1.045 as targets. Comment: as long as 1.032 is resistance, look for choppy price action with a bearish bias. PREVIOUS NEXT Crude Oil (Jul 13) intraday: further upside. Pivot: 95.45 Our preference: LONG positions above 95.45 with 96.7 & 97.35 in sight. Alternative scenario: The downside penetration of 95.45 will call for 94.7 & 93.5. Comment: intraday support around 95.45 PREVIOUS NEXT GOLD (Spot) intraday: 1401 in sight Pivot: 1359.00 Our preference: LONG positions above 1359 with 1401 & 1419 as next targets. Alternative scenario: The downside penetration of 1359 will call for 1336 & 1322. Comment: gold prices are supported by a rising trend line. The RSI is above its neutrality area at 50%. A new test of 1401 seems likely. PREVIOUS NEXT Dow Jones (Jun 13) intraday: bullish bias above 15280 Pivot: 15280 Our preference: LONG positions above 15280 with 15420 & 15460 in sight. Alternative scenario: The downside breakout of 15280 will open the way to 15190 & 15145. Comment: the RSI is supported by a rising trend line. PREVIOUS NEXT S&P 500 (Jun 13) intraday: bullish bias above 1659 Pivot: 1659 Our preference: LONG positions above 1659 with targets @ 1675 & 1679. Alternative scenario: The downside penetration of 1659 will call for a slide towards 1652 & 1646. Comment: technically, the RSI is above its neutrality area at 50. 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
