Free Morning Forex Trading signals – Sep 19, 2013

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: 1.3450.

Our preference: LONG positions above 1.345 with 1.355 & 1.358 as next targets.

Alternative scenario: The downside penetration of 1.345 will call for 1.34 & 1.336.

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

GBP/USD intraday: the upside prevails.

Pivot: 1.5970.

Our preference: LONG positions above 1.597 with targets @ 1.616 & 1.62.

Alternative scenario: The downside penetration of 1.597 will call for a slide towards 1.588 & 1.583.

Comment: the pair remains on the upside as the RSI is well directed.

USD/JPY intraday: under pressure.

Pivot: 98.70.

Our preference: SHORT positions below 98.7 with targets @ 97.75 & 97.4.

Alternative scenario: The upside penetration of 98.7 will call for 99.1 & 99.55.

Comment: the pair is rebounding but stands below its resistance.

EUR/JPY intraday: the upside prevails.

Pivot: 132.6

Our preference: Long @ 132.75 with targets @ 133.35 & 133.75 in extension.

Alternative scenario: Below 132.6 look for further downside with 132.25 & 131.8 as targets.

Comment: the pair stands above its new support and remains on the upside, the RSI is well directed.

GBP/JPY intraday: further upside.

Pivot: 157.45

Our preference: Long positions above 157.45 with targets @ 158.9 & 159.6 in extension.

Alternative scenario: Below 157.45 look for further downside with 156.65 & 156.05 as targets.

Comment: the pair has broken above its previous high and remains on the upside.

AUD/USD intraday: the upside prevails.

Pivot: 0.9455

Our preference: Long positions above 0.9455 with targets @ 0.955 & 0.96 in extension.

Alternative scenario: Below 0.9455 look for further downside with 0.941 & 0.9385 as targets.

Comment: the immediate trend remains up and the momentum is strong.

Cac 40 (Sep 13) intraday: further upside.

Pivot: 4120

Our preference: LONG positions above 4120 with targets @ 4250 & 4290.

Alternative scenario: The downside penetration of 4120 will call for 4045 & 3990.

Comment : the RSI is bullish and calls for further upside.

Dax (Sep 13) intraday: the bias remains bullish.

Pivot: 8510

Our preference: LONG positions above 8510 with 8805 & 8900 in sight.

Alternative scenario: The downside breakout of 8510 will open the way to 8325 & 8270.

Comment: the RSI is bullish and calls for further upside.