Analyses, free forex signals for traiders on 08/07/2010 - EUR/USD, GBP/USD, USD/CHF, USD/JPY, USD/CAD, AUD/USD
EUR/USD intraday: the upside prevails.
Pivot: 1.2585
My preference: Long positions above 1.2585 with targets @ 1.266 & 1.269 in extension.
Alternative scenario: Below 1.2585 look for further downside with 1.255 & 1.2525 as targets.
Comment Forex: the pair has rebounded on its support and is challenging its previous high.
GBP/USD intraday: limited upside.
Pivot: 1.515
My preference: Long positions above 1.515 with targets @ 1.523 & 1.528 in extension.
Alternative scenario: Below 1.515 look for further downside with 1.508 & 1.5025 as targets.
Comment Forex: the pair is on the upside and is challenging its resistance.
USD/CHF intraday: capped by a negative trend line.
Pivot: 1.06
My preference: Short positions below 1.06 with targets @ 1.05 & 1.0435 in extension.
Alternative scenario: Above 1.06 look for further upside with 1.0635 & 1.0675 as targets.
Comment Forex: a key declining trend line maintains downward pressure.
USD/JPY intraday: turning up.
Pivot: 86.95
My preference: Long positions above 86.95 with targets @ 87.7 & 88 in extension.
Alternative scenario: Below 86.95 look for further downside with 86.75 & 86.3 as targets.
Comment Forex: the RSI lacks downward momentum.
USD/CAD intraday: under pressure.
Pivot: 1.0555
My preference: Short positions below 1.0555 with targets @ 1.044 & 1.0375 in extension.
Alternative scenario: Above 1.0555 look for further upside with 1.0605 & 1.063 as targets.
Comment Forex: the RSI is badly directed.
AUD/USD intraday: continuation of the rebound.
Pivot: 0.853
My preference: Long positions above 0.853 with targets @ 0.869 & 0.8735 in extension.
Alternative scenario: Below 0.853 look for further downside with 0.845 & 0.8405 as targets.
Comment Forex: the RSI is bullish and calls for further advance.
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