Free Morning Forex Trading signals – May 22, 2013 Published: 22 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: continuation of the rebound. Pivot: 1.2875. Our preference: LONG positions @ 1.2895 with 1.2955 & 1.2995 as next targets. Alternative scenario: The downside penetration of 1.2875 will call for a slide towards 1.2835 & 1.279. Comment: the pair remains on the upside targeting 1.2955, while the RSI maintains a bullish bias lacking downward momentum. NEXT GBP/USD intraday: the downside prevails. Pivot: 1.5180. Our preference: SHORT positions below 1.518 with 1.511 & 1.507 in sight. Alternative scenario: The upside breakout of 1.518 will open the way to 1.5225 & 1.5255. Comment: as long as 1.518 is resistance, look for choppy price action with a bearish bias. PREVIOUS NEXT USD/JPY intraday: key ST resistance at 102.9 Pivot: 102.90. Our preference: SHORT positions below 102.9 with targets @ 102.05 & 101.85. Alternative scenario: The upside penetration of 102.9 will call for 103.3 & 103.7. Comment: as long as 102.9 is resistance, look for choppy price action with a bearish bias. PREVIOUS NEXT EUR/JPY intraday: bullish bias above 131.95. Pivot: 131.95 Our preference: Long positions above 131.95 with targets @ 132.9 & 133.2 in extension. Alternative scenario: Below 131.95 look for further downside with 131.6 & 131.25 as targets. Comment: the pair is trading in an intraday bullish channel. PREVIOUS NEXT GBP/JPY intraday: key ST resistance at 155.9. Pivot: 155.9 Our preference: Short positions below 155.9 with targets @ 154.95 & 154.5 in extension. Alternative scenario: Above 155.9 look for further upside with 156.5 & 156.65 as targets. Comment: as long as 155.9 is resistance, look for choppy price action with a bearish bias. PREVIOUS NEXT AUD/USD intraday: bullish bias above 0.975. Pivot: 0.975 Our preference: Long positions above 0.975 with targets @ 0.984 & 0.988 in extension. Alternative scenario: Below 0.975 look for further downside with 0.9705 & 0.967 as targets. Comment: a support base at 0.975 has formed and has allowed for a temporary stabilisation. PREVIOUS NEXT Cac 40 (Jun 13) intraday: target 4074 Pivot: 3988 Our preference: LONG positions above 3988 with 4040 & 4074 in sight. Alternative scenario: The downside breakout of 3988 will open the way to 3958 & 3936. Comment : Prices pushed above a significant intraday resistance at 4004. PREVIOUS NEXT Dax (Jun 13) intraday: the bias remains bullish. Pivot: 8390 Our preference: LONG positions above 8390 with 8485 & 8520 as next targets. Alternative scenario: The downside breakout of 8390 will open the way to 8300 & 8210. Comment: prices are 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
