Free Morning Forex Trading signals – Aug 5, 2013 Published: 5 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: the bias remains bullish. Pivot: 1.3230. Our preference: LONG positions above 1.323 with 1.33 & 1.3345 as next targets. Alternative scenario: The downside penetration of 1.323 will call for a slide towards 1.3195 & 1.3175. Comment: the pair stands above its new support and remains on the upside. NEXT GBP/USD intraday: the bias remains bullish. Pivot: 1.5220. Our preference: LONG positions above 1.522 with 1.5325 & 1.5355 as next targets. Alternative scenario: The downside penetration of 1.522 will call for 1.5175 & 1.5095. Comment: the pair stands above its new support and remains on the upside. PREVIOUS NEXT USD/JPY intraday: key ST resistance at 99.45 Pivot: 99.45. Our preference: SHORT positions below 99.45 with 98.45 & 98.15 as next targets. Alternative scenario: The upside penetration of 99.45 will call for a rebound towards 99.95 & 100.45. Comment: the pair has broken below a rising trend line and remains under pressure. PREVIOUS NEXT EUR/JPY intraday: under pressure. Pivot: 131.55 Our preference: Short positions below 131.55 with targets @ 130.75 & 130.25 in extension. Alternative scenario: Above 131.55 look for further upside with 131.9 & 132.35 as targets. Comment: the pair has broken below its support and remains on the downside. PREVIOUS NEXT GBP/JPY intraday: the bias remains bullish. Pivot: 149.9 Our preference: Long positions above 149.9 with targets @ 151.6 & 152.1 in extension. Alternative scenario: Below 149.9 look for further downside with 149.3 & 148.7 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. PREVIOUS NEXT AUD/USD intraday: the downside prevails. Pivot: 0.8945 Our preference: Short positions below 0.8945 with targets @ 0.8845 & 0.881 in extension. Alternative scenario: Above 0.8945 look for further upside with 0.901 & 0.9075 as targets. Comment: the pair is trading in a bearish channel and intraday technical indicators lack upside momentum. PREVIOUS NEXT Cac 40 (Aug 13) intraday: limited upside. Pivot: 3965 Our preference: LONG positions above 3965 with 4080 & 4100 in sight. Alternative scenario: The downside breakout of 3965 will open the way to 3921 & 3900. Comment : the RSI is above its neutrality area at 50%. PREVIOUS NEXT Dax (Sep 13) intraday: the bias remains bullish. Pivot: 8325 Our preference: LONG positions above 8325 with targets @ 8465 & 8530. Alternative scenario: The downside penetration of 8325 will call for a slide towards 8220 & 8185. Comment: the RSI is mixed to bullish. 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
