Free Afternoon Forex Trading signals – May 31, 2013 Published: 31 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 upside prevails. Pivot: 1.2975 Our preference: Long positions above 1.2975 with targets @ 1.303 & 1.306 in extension. Alternative scenario: Below 1.2975 look for further downside with 1.295 & 1.2915 as targets. Comment: the pair is facing a pull back on its support ahead of a rebound. NEXT GBP/USD intraday: the bias remains bullish. Pivot: 1.515 Our preference: Long positions above 1.515 with targets @ 1.524 & 1.526 in extension. Alternative scenario: Below 1.515 look for further downside with 1.511 & 1.507 as targets. Comment: the pair stands above its support and remains on the upside. PREVIOUS NEXT USD/CHF intraday: key ST resistance at 0.96. Pivot: 0.96 Our preference: Short positions below 0.96 with targets @ 0.951 & 0.9465 in extension. Alternative scenario: Above 0.96 look for further upside with 0.966 & 0.9705 as targets. Comment: the pair stands below its resistance and remains under pressure. PREVIOUS NEXT USD/CAD intraday: continuation of the rebound. Pivot: 1.0315 Our preference: Long positions above 1.0315 with targets @ 1.0385 & 1.04 in extension. Alternative scenario: Below 1.0315 look for further downside with 1.0285 & 1.0265 as targets. Comment: the break above 1.0315 is a positive signal that has opened a path to 1.0385. PREVIOUS NEXT Crude Oil (Jul 13) intraday: the bias remains bullish. Pivot: 91.65 Our preference: LONG positions above 91.65 with 94.2 & 95.85 as next targets. Alternative scenario: The downside penetration of 91.65 will call for a slide towards 90.35 & 89.65. Comment: intraday support around 91.65 PREVIOUS NEXT GOLD (Spot) intraday: bullish bias above 1397 Pivot: 1397.00 Our preference: LONG positions above 1397 with 1430 & 1445 as next targets. Alternative scenario: The downside penetration of 1397 will call for 1388 & 1373. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. PREVIOUS NEXT Dow Jones (Jun 13) intraday: the downside prevails. Pivot: 15410 Our preference: SHORT positions below 15410 with 15140 & 15075 as next targets. Alternative scenario: The upside breakout of 15410 will open the way to 15520 & 15570. Comment: the RSI broke below a rising trend line. PREVIOUS NEXT S&P 500 (Jun 13) intraday: the downside prevails. Pivot: 1659 Our preference: SHORT positions below 1659 with 1633 & 1620 as next targets. Alternative scenario: The upside penetration of 1659 will call for 1673 & 1679. Comment: the RSI broke below a bullish 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
