Free Morning Forex Trading signals – June 04, 2013 Published: 4 June 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 1.299 Pivot: 1.2990. Our preference: LONG positions above 1.299 with 1.313 & 1.3155 in sight. Alternative scenario: The downside penetration of 1.299 will call for a slide towards 1.295 & 1.2915. Comment: the pair is facing a pull back ahead of further advance, the RSI stands around its neutrality area. NEXT GBP/USD intraday: the upside prevails. Pivot: 1.5230. Our preference: LONG positions @ 1.524 with targets @ 1.5375 & 1.541. Alternative scenario: The downside penetration of 1.523 will call for 1.515 & 1.511. Comment: the pair should face a pull back ahead of further advance. PREVIOUS NEXT USD/JPY intraday: under pressure. Pivot: 100.20. Our preference: SHORT positions below 100.2 with 98.85 & 98.1 in sight. Alternative scenario: The upside penetration of 100.2 will call for 100.8 & 101.3. Comment: the pair is rebounding but stands below its resistance, the RSI lacks upward momentum. PREVIOUS NEXT EUR/JPY intraday: key ST resistance at 130.4. Pivot: 130.4 Our preference: Short positions below 130.4 with targets @ 129.55 & 129.2 in extension. Alternative scenario: Above 130.4 look for further upside with 131.05 & 131.35 as targets. Comment: the upward potential is likely to be limited by the resistance at 130.4. PREVIOUS NEXT GBP/JPY intraday: key ST resistance at 153.25. Pivot: 153.25 Our preference: Short @ 153.1 with targets @ 151.9 & 151.6 in extension. Alternative scenario: Above 153.25 look for further upside with 153.6 & 154.05 as targets. Comment: the pair is posting a rebound but stands below its resistance. PREVIOUS NEXT AUD/USD intraday: bullish bias above 0.967. Pivot: 0.967 Our preference: Long positions above 0.967 with targets @ 0.979 & 0.982 in extension. Alternative scenario: Below 0.967 look for further downside with 0.9585 & 0.9545 as targets. Comment: the pair completed a pullback towards a former declining trend line and is now expected to resume its intraday up trend. PREVIOUS NEXT Cac 40 (Jun 13) intraday: rebound expected. Pivot: 3877 Our preference: LONG positions above 3877 with 3979 & 4022 in sight. Alternative scenario: The downside penetration of 3877 will call for 3852 & 3805. Comment : the RSI calls for a rebound. PREVIOUS NEXT Dax (Jun 13) intraday: rebound expected. Pivot: 8215 Our preference: LONG positions above 8215 with targets @ 8400 & 8420. Alternative scenario: The downside penetration of 8215 will call for a slide towards 8129 & 8105. 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
