Free Morning Forex Trading signals – May 27, 2013 Published: 27 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: intraday support around 1.29 Pivot: 1.2900. Our preference: LONG positions @ 1.291 with 1.2955 & 1.2995 in sight. Alternative scenario: The downside penetration of 1.29 will call for 1.2865 & 1.282. Comment: the pair stands above its support and should post a rebound as the RSI is reversing up. NEXT GBP/USD intraday: the bias remains bullish. Pivot: 1.5070. Our preference: LONG positions @ 1.508 with targets @ 1.5155 & 1.522. Alternative scenario: The downside penetration of 1.507 will call for 1.501 & 1.4955. Comment: the pair has rebounded on its support and remains on the upside as the RSI is reversing up. PREVIOUS NEXT USD/JPY intraday: the downside prevails. Pivot: 101.65. Our preference: SHORT positions below 101.65 with 100.55 & 100.2 in sight. Alternative scenario: The upside penetration of 101.65 will call for 102 & 102.35. Comment: the pair stands below its resistance and remains under pressure, the RSI lacks upward momentum. PREVIOUS NEXT EUR/JPY intraday: under pressure. Pivot: 131.05 Our preference: Short positions below 131.05 with targets @ 129.9 & 129.6 in extension. Alternative scenario: Above 131.05 look for further upside with 131.65 & 132.4 as targets. Comment: the pair is posting a rebound but stands below its resistance, the RSI lacks upward momentum. PREVIOUS NEXT GBP/JPY intraday: the downside prevails. Pivot: 153.25 Our preference: Short positions below 153.25 with targets @ 152.3 & 151.9 in extension. Alternative scenario: Above 153.25 look for further upside with 153.7 & 154.15 as targets. Comment: the pair is rebounding but stands below its resistance. PREVIOUS NEXT AUD/USD intraday: the downside prevails. Pivot: 0.966 Our preference: Short positions below 0.966 with targets @ 0.9595 & 0.9555 in extension. Alternative scenario: Above 0.966 look for further upside with 0.9705 & 0.9735 as targets. Comment: the break below 0.966 is a bearish signal calling for further downside. The 50 moving average is acting as a trailing stop. PREVIOUS NEXT Cac 40 (Jun 13) intraday: rebound expected. Pivot: 3920 Our preference: LONG positions above 3920 with targets @ 3992 & 4020. Alternative scenario: The downside breakout of 3920 will open the way to 3893 & 3877. Comment : A descending broadening wedge is confirmed and the RSI indicator is evolving between 50 & 70. PREVIOUS NEXT Dax (Jun 13) intraday: the downside prevails. Pivot: 8395 Our preference: SHORT positions below 8395 with targets @ 8210 & 8160. Alternative scenario: The upside penetration of 8395 will call for a rebound towards 8475 & 8560. Comment: the downside breakout of the 8395 former support area (now acting as a resistance) calls for a decline towards 8210. 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
