Free Morning Forex Trading signals – Aug 07, 2013 Published: 7 August 2013 Categories: Free Forex trading Signals EUR/USD GBP/USD USD/JPY EUR/JPY GBP/JPY AUD/USD CAC 40 DAX 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 1.3265 Pivot: 1.3265. Our preference: LONG positions above 1.3265 with targets @ 1.3345 & 1.338. Alternative scenario: The downside penetration of 1.3265 will call for a slide towards 1.323 & 1.3195. Comment: the pair remains on the upside and is approaching its strong resistance. NEXT GBP/USD intraday: caution. Pivot: 1.5315. Our preference: LONG positions above 1.5315 with 1.539 & 1.5415 as next targets. Alternative scenario: The downside penetration of 1.5315 will call for a slide towards 1.526 & 1.522. Comment: the pair is facing a pull back and is challenging its support, caution. PREVIOUS NEXT USD/JPY intraday: the downside prevails. Pivot: 97.80. Our preference: SHORT positions below 97.8 with 96.75 & 96.2 in sight. Alternative scenario: The upside penetration of 97.8 will call for a rebound towards 98.15 & 98.6. Comment: the pair has broken below its support and remains on the downside. PREVIOUS NEXT EUR/JPY intraday: under pressure. Pivot: 130.15 Our preference: Short @ 130 with targets @ 128.85 & 128.35 in extension. Alternative scenario: Above 130.15 look for further upside with 130.9 & 131.55 as targets. Comment: as long as 130.15 is resistance, look for choppy price action with a bearish bias. PREVIOUS NEXT GBP/JPY intraday: the downside prevails. Pivot: 150.2 Our preference: Short @ 150 with targets @ 148.6 & 148.15 in extension. Alternative scenario: Above 150.2 look for further upside with 150.7 & 151.6 as targets. Comment: the pair stands below its new resistance and remains under pressure. PREVIOUS NEXT AUD/USD intraday: bullish bias above 0.8905. Pivot: 0.8905 Our preference: Long positions above 0.8905 with targets @ 0.901 & 0.9075 in extension. Alternative scenario: Below 0.8905 look for further downside with 0.8845 & 0.881 as targets. Comment: the pair is drawing a consolidation in a downward sloping channel above a former bearish channel resistance (now acting as a support area). PREVIOUS NEXT Cac 40 (Aug 13) intraday: consolidation. Pivot: 4070 Our preference: SHORT positions below 4070 with 4000 & 3965 in sight. Alternative scenario: The upside penetration of 4070 will call for 4100 & 4140. Comment : Prices pushed below the lower boundary of a symmetrical triangle pattern PREVIOUS NEXT Dax (Sep 13) intraday: consolidation. Pivot: 8435 Our preference: SHORT positions below 8435 with targets @ 8220 & 8140. Alternative scenario: The upside penetration of 8435 will call for a rebound towards 8465 & 8530. Comment: the RSI is badly directed. 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
