Free Morning Forex Trading signals – Apr 30, 2013

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: 1.3040.

Our preference: LONG positions above 1.304 with 1.313 & 1.3165 as next targets.

Alternative scenario: The downside breakout of 1.304 will open the way to 1.3015 & 1.2995.

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

GBP/USD intraday: the upside prevails.

Pivot: 1.5470.

Our preference: LONG positions above 1.547 with targets @ 1.554 & 1.5565.

Alternative scenario: The downside penetration of 1.547 will call for 1.5445 & 1.541.

Comment: the pair is rebounding on its support as the RSI is reversing up.

USD/JPY intraday: key ST resistance at 98.45

Pivot: 98.45.

Our preference: SHORT positions below 98.45 with 97.2 & 96.55 in sight.

Alternative scenario: The upside penetration of 98.45 will call for 98.95 & 99.6.

Comment: the pair stands below its new resistance and remains on the downside, the RSI is badly directed.

EUR/JPY intraday: the bias remains bullish.

Pivot: 127.7

Our preference: Long @ 127.85 with targets @ 128.8 & 129.4 in extension.

Alternative scenario: Below 127.7 look for further downside with 127.4 & 126.9 as targets.

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

GBP/JPY intraday: rebound expected.

Pivot: 151.1

Our preference: Long @ 151.3 with targets @ 152.2 & 152.8 in extension.

Alternative scenario: Below 151.1 look for further downside with 150.4 & 149.9 as targets.

Comment: the pair stands above its support and should post a rebound.

AUD/USD intraday: bullish bias above 1.0325.

Pivot: 1.0325

Our preference: Long positions above 1.0325 with targets @ 1.0375 & 1.0395 in extension.

Alternative scenario: Below 1.0325 look for further downside with 1.0295 & 1.028 as targets.

Comment: the break above 1.0325 is a positive signal that has opened a path to 1.0375.

Cac 40 (May 13) intraday: target 3862

Pivot: 3730

Our preference: LONG positions above 3730 with 3850 & 3862 as next targets.

Alternative scenario: The downside penetration of 3730 will call for 3697 & 3655.

Comment : the RSI advocates for further advance.

Dax (Jun 13) intraday: further advance.

Pivot: 7770

Our preference: LONG positions above 7770 with targets @ 7960 & 8040.

Alternative scenario: The downside penetration of 7770 will call for a slide towards 7685 & 7660.

Comment: the RSI advocates for further advance.