Free Morning Forex Trading signals – Sep 09, 2013

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 upside prevails.
Pivot: 1.3135.

Our preference: LONG positions @ 1.315 with 1.3195 & 1.3225 as next targets.

Alternative scenario: The downside penetration of 1.3135 will call for 1.3105 & 1.3085.

Comment: the pair stands above its new support and remains on the upside.

GBP/USD intraday: the upside prevails.
Pivot: 1.5580.

Our preference: LONG positions above 1.558 with 1.568 & 1.5715 as next targets.

Alternative scenario: The downside penetration of 1.558 will call for a slide towards 1.555 & 1.5525.

Comment: the pair remains on the upside and is approaching its previous high.

USD/JPY intraday: the bias remains bullish.
Pivot: 99.30.

Our preference: LONG positions above 99.3 with targets @ 100.2 & 100.45.

Alternative scenario: The downside breakout of 99.3 will open the way to 99 & 98.5.

Comment: the RSI broke above a declining trend line.

EUR/JPY intraday: the upside prevails.
Pivot: 131

Our preference: Long positions above 131 with targets @ 131.85 & 132.15 in extension.

Alternative scenario: Below 131 look for further downside with 130.65 & 130.3 as targets.

Comment: the pair is rebounding on its new support.

GBP/JPY intraday: the upside prevails.
Pivot: 155.2

Our preference: Long positions above 155.2 with targets @ 156.5 & 157.2 in extension.

Alternative scenario: Below 155.2 look for further downside with 154.15 & 153.5 as targets.

Comment: the pair is rebounding on its support and is approaching its resistance.

AUD/USD intraday: supported by a rising trend line.
Pivot: 0.9145

Our preference: Long positions above 0.9145 with targets @ 0.923 & 0.928 in extension.

Alternative scenario: Below 0.9145 look for further downside with 0.911 & 0.904 as targets.

Comment: the pair and the RSI are supported by rising trend lines.

Cac 40 (Sep 13) intraday: the upside prevails.
Pivot: 3990

Our preference: LONG positions above 3990 with 4055 & 4080 as next targets.

Alternative scenario: The downside penetration of 3990 will call for a slide towards 3930 & 3900.

Comment : the RSI is mixed to bullish.

Dax (Sep 13) intraday: bullish bias above 8170
Pivot: 8170

Our preference: LONG positions above 8170 with targets @ 8300 & 8380.

Alternative scenario: The downside breakout of 8170 will open the way to 8085 & 8010.

Comment: the RSI lacks momentum.

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Note: We recommend not to use more than 5% of your equity in open trades at one time. Risk management is very important to minimize losses and maximize profits.
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