Free Morning Forex Trading signals – May 16, 2013 Published: 16 May 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 downside prevails. Pivot: 1.2915. Our preference: SHORT positions below 1.2915 with 1.2825 & 1.279 as next targets. Alternative scenario: The upside penetration of 1.2915 will call for 1.2945 & 1.2995. Comment: the pair is posting a rebound but stands below its resistance, the RSI lacks upward momentum. NEXT GBP/USD intraday: under pressure. Pivot: 1.5275. Our preference: SHORT positions below 1.5275 with targets @ 1.519 & 1.516. Alternative scenario: The upside penetration of 1.5275 will call for a rebound towards 1.531 & 1.533. Comment: the pair is rebounding but stands below its resistance, the RSI lacks upward momentum. PREVIOUS NEXT USD/JPY intraday: the bias remains bullish. Pivot: 101.75. Our preference: LONG positions @ 101.9 with 102.85 & 103.25 as next targets. Alternative scenario: The downside breakout of 101.75 will open the way to 101.25 & 100.4. Comment: the pair is rebounding on its support and should post further advance. PREVIOUS NEXT EUR/JPY intraday: under pressure. Pivot: 131.9 Our preference: Short positions below 131.9 with targets @ 131.15 & 130.75 in extension. Alternative scenario: Above 131.9 look for further upside with 132.4 & 132.8 as targets. Comment: the pair is posting a rebound but stands below its new resistance, the RSI stands below its neutrality area. PREVIOUS NEXT GBP/JPY intraday: key ST resistance at 156. Pivot: 156 Our preference: Short positions below 156 with targets @ 154.95 & 154.5 in extension. Alternative scenario: Above 156 look for further upside with 156.45 & 156.75 as targets. Comment: the pair is posting a rebound but stands below its new resistance, the RSI stands below its neutrality area. PREVIOUS NEXT AUD/USD intraday: the downside prevails. Pivot: 0.9915 Our preference: Short positions below 0.9915 with targets @ 0.983 & 0.976 in extension. Alternative scenario: Above 0.9915 look for further upside with 0.996 & 1 as targets. Comment: the pair is currently trading in an intraday bearish channel while the RSI is badly directed. PREVIOUS NEXT Cac 40 (May 13) intraday: the upside prevails. Pivot: 3945 Our preference: LONG positions above 3945 with 4000 & 4010 in sight. Alternative scenario: The downside penetration of 3945 will call for a slide towards 3918 & 3903. Comment : the 50-SMA is ascending and plays a support role. PREVIOUS NEXT Dax (Jun 13) intraday: intraday support around 8210 Pivot: 8210 Our preference: LONG positions above 8210 with 8370 & 8420 as next targets. Alternative scenario: The downside breakout of 8210 will open the way to 8135 & 8010. Comment: the RSI is supported by a rising trend line. 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