Free Forex Signal 31/07/2012 Tuesday, July 31, 2012

EUR/USD intraday: key resistance at 1.233. Pivot: 1.233 Our preference: Short positions below 1.233 with targets @ 1.222 & 1.217 in extension. Alternative scenario: Above 1.233 look for further upside with 1.239 & 1.244 as targets. Comment: as long as 1.233 is resistance, likely decline to 1.222.

USD/CAD intraday: key ST resistance at 1.005. Pivot: 1.005 Our preference: Short positions below 1.005 with targets @ 0.997 & 0.9925 in extension. Alternative scenario: Above 1.005 look for further upside with 1.011 & 1.0165 as targets. Comment: the RSI lacks upward momentum.

USD/JPY intraday: the downside prevails. Pivot: 78.4 Our preference: Short positions below 78.4 with targets @ 78.05 & 77.9 in extension. Alternative scenario: Above 78.4 look for further upside with 78.65 & 78.8 as targets. Comment: as long as 78.4 is resistance, look for choppy price action with a bearish bias.

AUD/USD intraday: further advance. Pivot: 1.047 Our preference: Long positions above 1.047 with targets @ 1.055 & 1.06 in extension. Alternative scenario: Below 1.047 look for further downside with 1.042 & 1.038 as targets. Comment: the RSI is bullish and calls for further advance.

GBP/USD intraday: intraday support around 1.566. Pivot: 1.566 Our preference: Long positions above 1.566 with targets @ 1.5775 & 1.58 in extension. Alternative scenario: Below 1.566 look for further downside with 1.563 & 1.559 as targets. Comment: a support base at 1.566 has formed and has allowed for a temporary stabilisation.

EUR/JPY intraday: key ST resistance at 96.5. Pivot: 96.5 Our preference: Short positions below 96.5 with targets @ 95.2 & 94.7 in extension. Alternative scenario: Above 96.5 look for further upside with 97.3 & 97.7 as targets. Comment: as long as 96.5 is resistance, expect a return to 95.2.

Free Forex Signal 30/07/2012 Monday, July 30, 2012

EUR/USD intraday: key resistance at 1.239. Pivot: 1.239 Our preference: Short positions below 1.239 with targets @ 1.224 & 1.217 in extension. Alternative scenario: Above 1.239 look for further upside with 1.244 & 1.247 as targets. Comment: the RSI is capped by a bearish trend line.

USD/CAD intraday: capped by a negative trend line. Pivot: 1.007 Our preference: Short positions below 1.007 with targets @ 1.002 & 0.9985 in extension. Alternative scenario: Above 1.007 look for further upside with 1.011 & 1.0165 as targets. Comment: technically, the RSI is below its neutrality area at 50.

USD/JPY intraday: under pressure. Pivot: 78.65 Our preference: Short positions below 78.65 with targets @ 78.05 & 77.9 in extension. Alternative scenario: Above 78.65 look for further upside with 78.8 & 78.9 as targets. Comment: the RSI is bearish and calls for further downside.

AUD/USD intraday: the upside prevails. Pivot: 1.042 Our preference: Long positions above 1.042 with targets @ 1.052 & 1.055 in extension. Alternative scenario: Below 1.042 look for further downside with 1.038 & 1.0345 as targets. Comment: the RSI calls for a new upleg.

GBP/USD intraday: bullish bias above 1.566. Pivot: 1.566 Our preference: Long positions above 1.566 with targets @ 1.5775 & 1.58 in extension. Alternative scenario: Below 1.566 look for further downside with 1.563 & 1.559 as targets. Comment: the next resistances are at 1.5775 and then at 1.58.

EUR/JPY intraday: under pressure. Pivot: 97.3 Our preference: Short positions below 97.3 with targets @ 95.6 & 95.2 in extension. Alternative scenario: Above 97.3 look for further upside with 97.7 & 98.1 as targets. Comment: technically, the RSI is below its neutrality area at 50.

Free Forex Signal 27/07/2012 Friday, July 27, 2012

EUR/USD intraday: bullish bias above 1.2215. Pivot: 1.2215 Our preference: Long positions above 1.2215 with targets @ 1.232 & 1.236 in extension. Alternative scenario: Below 1.2215 look for further downside with 1.217 & 1.214 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

USD/CAD intraday: capped by a negative trend line. Pivot: 1.011 Our preference: Short positions below 1.011 with targets @ 1.006 & 1.002 in extension. Alternative scenario: Above 1.011 look for further upside with 1.0165 & 1.02 as targets. Comment: the RSI lacks upward momentum.

USD/JPY intraday: key ST resistance at 78.45. Pivot: 78.45 Our preference: Short positions below 78.45 with targets @ 77.9 & 77.75 in extension. Alternative scenario: Above 78.45 look for further upside with 78.65 & 78.8 as targets. Comment: the RSI is mixed with a bearish bias.

AUD/USD intraday: the upside prevails. Pivot: 1.038 Our preference: Long positions above 1.038 with targets @ 1.0445 & 1.049 in extension. Alternative scenario: Below 1.038 look for further downside with 1.03 & 1.025 as targets. Comment: the RSI is above its neutrality area at 50%.

GBP/USD intraday: bullish bias above 1.566. Pivot: 1.566 Our preference: Long positions above 1.566 with targets @ 1.5755 & 1.5775 in extension. Alternative scenario: Below 1.566 look for further downside with 1.563 & 1.559 as targets. Comment: a support base at 1.566 has formed and has allowed for a temporary stabilisation.

EUR/JPY intraday: further upside. Pivot: 95.2 Our preference: Long positions above 95.2 with targets @ 96.35 & 96.8 in extension. Alternative scenario: Below 95.2 look for further downside with 94.7 & 94.4 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Free Forex Signal 26/07/2012 Thursday, July 26, 2012

EUR/USD intraday: the upside prevails. Pivot: 1.219 Our preference: Long positions above 1.219 with targets @ 1.232 & 1.236 in extension. Alternative scenario: Below 1.219 look for further downside with 1.216 & 1.211 as targets. Comment: the RSI is bullish and calls for further upside.

USD/CAD intraday: under pressure. Pivot: 1.016 Our preference: Short positions below 1.016 with targets @ 1.006 & 1.002 in extension. Alternative scenario: Above 1.016 look for further upside with 1.02 & 1.023 as targets. Comment: the RSI is badly directed.

USD/JPY intraday: key ST resistance at 78.45. Pivot: 78.45 Our preference: Short positions below 78.45 with targets @ 77.9 & 77.75 in extension. Alternative scenario: Above 78.45 look for further upside with 78.65 & 78.8 as targets. Comment: the RSI lacks upward momentum.

AUD/USD intraday: the upside prevails. Pivot: 1.03 Our preference: Long positions above 1.03 with targets @ 1.0445 & 1.049 in extension. Alternative scenario: Below 1.03 look for further downside with 1.025 & 1.018 as targets. Comment: the RSI is bullish and calls for further upside.

GBP/USD intraday: further upside. Pivot: 1.555 Our preference: Long positions above 1.555 with targets @ 1.568 & 1.5715 in extension. Alternative scenario: Below 1.555 look for further downside with 1.547 & 1.5455 as targets. Comment: the break above the resistance at 1.555 triggered an upward acceleration to 1.568.

EUR/JPY intraday: further upside. Pivot: 95.2 Our preference: Long positions above 95.2 with targets @ 96.1 & 96.55 in extension. Alternative scenario: Below 95.2 look for further downside with 94.6 & 94.05 as targets. Comment: the break above the resistance at 95.2 triggered an upward acceleration to 96.1.

Free Forex Signal 25/07/2012 Wednesday, July 25, 2012

EUR/USD intraday: continuation of the rebound. Pivot: 1.21 Our preference: Long positions above 1.21 with targets @ 1.218 & 1.2215 in extension. Alternative scenario: Below 1.21 look for further downside with 1.2035 & 1.2 as targets. Comment: the RSI calls for a rebound.

USD/CAD intraday: the downside prevails. Pivot: 1.02 Our preference: Short positions below 1.02 with targets @ 1.016 & 1.0125 in extension. Alternative scenario: Above 1.02 look for further upside with 1.023 & 1.025 as targets. Comment: the RSI is badly directed.

USD/JPY intraday: capped by a negative trend line. Pivot: 78.45 Our preference: Short positions below 78.45 with targets @ 77.9 & 77.75 in extension. Alternative scenario: Above 78.45 look for further upside with 78.65 & 78.8 as targets. Comment: the RSI lacks upward momentum.

AUD/USD intraday: under pressure. Pivot: 1.0285 Our preference: Short positions below 1.0285 with targets @ 1.018 & 1.0155 in extension. Alternative scenario: Above 1.0285 look for further upside with 1.032 & 1.0365 as targets. Comment: the RSI lacks upward momentum.

GBP/USD intraday: key ST resistance at 1.555. Pivot: 1.555 Our preference: Short positions below 1.555 with targets @ 1.548 & 1.5445 in extension. Alternative scenario: Above 1.555 look for further upside with 1.558 & 1.561 as targets. Comment: as long as the resistance at 1.555 is not surpassed, the risk of the break below 1.548 remains high.

EUR/JPY intraday: key ST resistance at 95.2. Pivot: 95.2 Our preference: Short positions below 95.2 with targets @ 94.05 & 93.5 in extension. Alternative scenario: Above 95.2 look for further upside with 96.1 & 96.55 as targets. Comment: as long as 95.2 is resistance, look for choppy price action with a bearish bias.

Free Forex Signal 24/07/2012 Tuesday, July 24, 2012

EUR/USD intraday: key resistance at 1.217. Pivot: 1.217 Our preference: Short positions below 1.217 with targets @ 1.2065 & 1.2035 in extension. Alternative scenario: Above 1.217 look for further upside with 1.22 & 1.223 as targets. Comment: as long as 1.217 is resistance, look for choppy price action with a bearish bias.

USD/CAD intraday: the bias remains bullish. Pivot: 1.015 Our preference: Long positions above 1.015 with targets @ 1.02 & 1.023 in extension. Alternative scenario: Below 1.015 look for further downside with 1.011 & 1.0085 as targets. Comment: the RSI lacks downward momentum.

USD/JPY intraday: intraday support around 78.1. Pivot: 78.1 Our preference: Long positions above 78.1 with targets @ 78.45 & 78.65 in extension. Alternative scenario: Below 78.1 look for further downside with 77.9 & 77.75 as targets. Comment: the RSI lacks downward momentum.

AUD/USD intraday: under pressure. Pivot: 1.033 Our preference: Short @ 1.0282 with targets @ 1.023 & 1.018 in extension. Alternative scenario: Above 1.033 look for further upside with 1.0365 & 1.04 as targets. Comment: the RSI lacks upward momentum.

Free Forex Signal 23/07/2012 Monday, July 23, 2012

EUR/USD intraday: the downside prevails. Pivot: 1.2175. Our Preference: SHORT positions below 1.2175 with 1.2035 & 1.2 as next targets. Alternative scenario: The upside penetration of 1.2175 will call for 1.22 & 1.223. Comment: the RSI has just struck against its neutrality area at 50% and is reversing down.

USD/CAD intraday: further advance. Pivot: 1.012 Our preference: Long positions above 1.012 with targets @ 1.02 & 1.023 in extension. Alternative scenario: Below 1.012 look for further downside with 1.0085 & 1.006 as targets. Comment: the RSI is well directed.

USD/JPY intraday: the downside prevails. Pivot: 78.4 Our preference: Short positions below 78.4 with targets @ 77.9 & 77.75 in extension. Alternative scenario: Above 78.4 look for further upside with 78.65 & 78.8 as targets. Comment: the RSI lacks upward momentum.

AUD/USD intraday: the downside prevails. Pivot: 1.035 Our preference: Short positions below 1.035 with targets @ 1.023 & 1.018 in extension. Alternative scenario: Above 1.035 look for further upside with 1.04 & 1.045 as targets. Comment: the RSI is bearish and calls for further decline.

GBP/USD intraday: under pressure. Pivot: 1.561 Our preference: Short positions below 1.561 with targets @ 1.548 & 1.5445 in extension. Alternative scenario: Above 1.561 look for further upside with 1.5655 & 1.5685 as targets. Comment: the RSI advocates for further downside.

EUR/JPY intraday: the downside prevails. Pivot: 95.3 Our preference: Short positions below 95.3 with targets @ 93.5 & 93 in extension. Alternative scenario: Above 95.3 look for further upside with 96.1 & 96.85 as targets. Comment: as long as 95.3 is resistance, look for choppy price action with a bearish bias.

Free Forex Signal 20/07/2012 Friday, July 20, 2012

EUR/USD intraday: the downside prevails. Pivot: 1.2275 Our preference: Short positions below 1.2275 with targets @ 1.2175 & 1.2155 in extension. Alternative scenario: Above 1.2275 look for further upside with 1.23 & 1.2325 as targets. Comment: the pair has validated a bearish flag pattern and should face further drop.

USD/CAD intraday: key ST resistance at 1.0115. Pivot: 1.0115 Our preference: Short positions below 1.0115 with targets @ 1.006 & 1.0025 in extension. Alternative scenario: Above 1.0115 look for further upside with 1.0145 & 1.017 as targets. Comment: as long as 1.0115 is resistance, look for choppy price action with a bearish bias.

USD/JPY intraday: key ST resistance at 78.8. Pivot: 78.8 Our preference: Short positions below 78.8 with targets @ 78.4 & 78.25 in extension. Alternative scenario: Above 78.8 look for further upside with 79 & 79.2 as targets. Comment: as long as 78.8 is resistance, likely decline to 78.4.

AUD/USD intraday: the upside prevails. Pivot: 1.0375 Our preference: Long positions above 1.0375 with targets @ 1.045 & 1.05 in extension. Alternative scenario: Below 1.0375 look for further downside with 1.035 & 1.0315 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

GBP/USD intraday: bullish bias above 1.566. Pivot: 1.566 Our preference: Long positions above 1.566 with targets @ 1.5735 & 1.5755 in extension. Alternative scenario: Below 1.566 look for further downside with 1.562 & 1.5575 as targets. Comment: the pair is pulling back on its support.

EUR/JPY intraday: capped by a negative trend line. Pivot: 96.55 Our preference: Short positions below 96.55 with targets @ 95.8 & 95.55 in extension. Alternative scenario: Above 96.55 look for further upside with 96.85 & 97.1 as targets. Comment: the pair remains capped by a declining trend line and has borken below its support.