Free Forex signals for treiders on 06/07/2010 - Short positions EUR/USD, GBP/USD, USD/CHF, USD/JPY, USD/CAD, AUD/USD
EUR/USD intraday: intraday support around 1.248
Pivot: 1.2480.
Our Preference: LONG positions 1.249 with 1.257 - 1.261 as next targets.
Alternative scenario: The downside penetration of 1.248 will call for 1.2435 & 1.24.
Comment Forex: the pair has rebounded on its new support and should post a further up move, the RSI is well directed.
Trend Forex: ST Ltd Downside; MT Range
GBP/USD intraday: rebound expected.
Pivot: 1.5080.
Our Preference: LONG positions @ 1.509 with targets @ 1.52 & 1.523.
Alternative scenario: The downside penetration of 1.508 will call for 1.5025 & 1.498.
Comment Forex : the pair is posting a rebound on its support and should reach its previous high.
USD/CHF intraday: under pressure.
Pivot: 1.07
Our preference: Short positions below 1.07 with targets @ 1.058 & 1.05 in extension.
Alternative scenario: Above 1.07 look for further upside with 1.075 & 1.079 as targets.
Comment Forex: the pair is under pressure and is challenging its support, the RSI is mixed to bearish.
USD/JPY intraday: rebound expected.
Pivot: 87.40.
Our Preference: LONG positions @ 87.45 with 88 & 88.25 as next targets.
Alternative scenario: The downside penetration of 87.4 will call for a slide towards 87.25 & 86.95.
Comment Forex: the pair should rebound on its new support (former declining trend line) as the RSI is well directed.
USD/CAD intraday: key ST resistance at 1.068.
Pivot: 1.068
Our preference: Short positions below 1.068 with targets @ 1.0575 & 1.0555 in extension.
Alternative scenario: Above 1.068 look for further upside with 1.072 & 1.077 as targets.
Comment Forex: the upward potential is likely to be limited by the resistance at 1.068.
AUD/USD intraday: rebound expected.
Pivot: 0.8315
Our preference: Long positions above 0.8315 with targets @ 0.847 & 0.851 in extension.
Alternative scenario: Below 0.8315 look for further downside with 0.826 & 0.823 as targets.
Comment Forex: the RSI is mixed to bullish.
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