Free Morning Forex Trading signals – July 04 2013 Published: 4 July 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: 1.2960. Our preference: LONG positions above 1.296 with 1.304 & 1.31 as next targets. Alternative scenario: The downside penetration of 1.296 will call for a slide towards 1.292 & 1.2875. Comment: the pair is facing a pull back on its new support. NEXT GBP/USD intraday: the bias remains bullish. Pivot: 1.5220. Our preference: LONG positions above 1.522 with 1.5305 & 1.5345 as next targets. Alternative scenario: The downside penetration of 1.522 will call for 1.518 & 1.5125. Comment: the pair has broken above a declining trend line and is pulling back ahead of further advance. PREVIOUS NEXT USD/JPY intraday: key ST resistance at 100.35 Pivot: 100.35. Our preference: SHORT positions below 100.35 with targets @ 99.1 & 98.7. Alternative scenario: The upside penetration of 100.35 will call for 100.8 & 101.2. Comment: the pair stands below its resistance and remains under pressure. PREVIOUS NEXT EUR/JPY intraday: rebound expected. Pivot: 129.5 Our preference: Long @ 129.65 with targets @ 130.3 & 130.75 in extension. Alternative scenario: Below 129.5 look for further downside with 128.6 & 128.15 as targets. Comment: the pair is pulling back on its support ahead of a rebound. PREVIOUS NEXT GBP/JPY intraday: the bias remains bullish. Pivot: 151.3 Our preference: Long positions above 151.3 with targets @ 152.85 & 153.5 in extension. Alternative scenario: Below 151.3 look for further downside with 150.55 & 150 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. PREVIOUS NEXT AUD/USD intraday: capped by a negative trend line. Pivot: 0.915 Our preference: Short positions below 0.915 with targets @ 0.907 & 0.903 in extension. Alternative scenario: Above 0.915 look for further upside with 0.921 & 0.9255 as targets. Comment: the pair is posting a rebound but remains capped by a declining trend line. PREVIOUS NEXT Cac 40 (Jul 13) intraday: choppy. Pivot: 3740 Our preference: SHORT positions below 3740 with targets @ 3690 & 3665. Alternative scenario: The upside penetration of 3740 will call for 3785 & 3840. Comment : as long as 3740 is resistance, look for choppy price action with a bearish bias. PREVIOUS NEXT Dax (Sep 13) intraday: choppy. Pivot: 7920 Our preference: SHORT positions below 7920 with 7805 & 7725 in sight. Alternative scenario: The upside breakout of 7920 will open the way to 8042 & 8155. Comment: as long as 7920 is resistance, look for choppy price action with a bearish bias. 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
