Free Afternoon Forex Trading signals – Sep 10, 2013

Published: 10 September 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: 1.3215

Our preference: Long positions above 1.3215 with targets @ 1.327 & 1.329 in extension.

Alternative scenario: Below 1.3215 look for further downside with 1.319 & 1.3135 as targets.

Comment: the pair is facing a pull back on its support ahead of further advance.

GBP/USD intraday: the upside prevails.

Pivot: 1.567

Our preference: Long positions above 1.567 with targets @ 1.5735 & 1.577 in extension.

Alternative scenario: Below 1.567 look for further downside with 1.564 & 1.56 as targets.

Comment: the pair stands above its support and remains on the upside.

USD/CHF intraday: under pressure.

Pivot: 0.9365

Our preference: Short positions below 0.9365 with targets @ 0.931 & 0.9285 in extension.

Alternative scenario: Above 0.9365 look for further upside with 0.939 & 0.9415 as targets.

Comment: the pair is posting a rebound but stands below its resistance.

USD/CAD intraday: under pressure.

Pivot: 1.038

Our preference: Short positions below 1.038 with targets @ 1.031 & 1.029 in extension.

Alternative scenario: Above 1.038 look for further upside with 1.0415 & 1.045 as targets.

Comment: as long as the resistance at 1.038 is not surpassed, the risk of the break below 1.031 remains high.

Crude Oil (Oct 13) intraday: the downside prevails.

Pivot: 109.20

Our preference: SHORT positions below 109.2 with 107.5 & 106.75 in sight.

Alternative scenario: The upside breakout of 109.2 will open the way to 109.75 & 110.65.

Comment: the RSI has just struck against its neutrality area at 50% and is reversing down.

GOLD (Spot) intraday: under pressure.

Pivot: 1381.00

Our preference: SHORT positions below 1381 with targets @ 1364 & 1358.

Alternative scenario: The upside breakout of 1381 will open the way to 1391 & 1399.

Comment: the RSI is bearish and calls for further downside.

Dow Jones (Sep 13) intraday: the bias remains bullish.

Pivot: 15030

Our preference: LONG positions above 15030 with targets @ 15170 & 15265.

Alternative scenario: The downside penetration of 15030 will call for 14955 & 14840.

Comment: the RSI is supported by a bullish trend line.

S&P 500 (Sep 13) intraday: the upside prevails.

Pivot: 1666

Our preference: LONG positions above 1666 with targets @ 1686 & 1694.

Alternative scenario: The downside breakout of 1666 will open the way to 1658 & 1648.

Comment: the RSI is supported by a rising trend line.

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