2010-07-09

My analyses, Comment Forex and free signals on 12/07/2010 - EUR/USD, GBP/USD, USD/CHF, USD/JPY, USD/CAD, AUD/USD

My analyses, Comment Forex and free signals on 12/07/2010 - EUR/USD, GBP/USD, USD/CHF, USD/JPY, USD/CAD, AUD/USD

EUR/USD intraday: under pressure.
Pivot: 1.27
My preference: Short positions below 1.27 with targets @ 1.262 & 1.258 in extension.
Alternative scenario: Above 1.27 look for further upside with 1.275 & 1.2815 as targets.
Comment Forex: the pair has broken below its bullish channel lower boundary and remains under pressure.

GBP/USD intraday: under pressure.
Pivot: 1.5175
My preference: Short positions below 1.5175 with targets @ 1.508 & 1.5025 in extension.
Alternative scenario: Above 1.5175 look for further upside with 1.52 & 1.523 as targets.
Comment Forex: the pair is under pressure and is challenging its support.

USD/CHF intraday: rebound.
Pivot: 1.0525
My preference: Long positions above 1.0525 with targets @ 1.06 & 1.0645 in extension.
Alternative scenario: Below 1.0525 look for further downside with 1.048 & 1.0435 as targets.
Comment Forex: the pair has broken above its MT declining trend line and should post a further up move.

USD/JPY intraday: the upside prevails.
Pivot: 88.25
My preference: Long positions above 88.25 with targets @ 88.75 & 89 in extension.
Alternative scenario: Below 88.25 look for further downside with 87.95 & 87.65 as targets.
Comment Forex: the pair is pulling back on its support ahead of a rebound.

USD/CAD intraday: under pressure.
Pivot: 1.038
My preference: Short positions below 1.038 with targets @ 1.0225 & 1.018 in extension.
Alternative scenario: Above 1.038 look for further upside with 1.0435 & 1.0485 as targets.
Comment Forex: the RSI broke below a bullish trend line.

AUD/USD intraday: the upside prevails.
Pivot: 0.869
My preference: Long positions above 0.869 with targets @ 0.88 & 0.885 in extension.
Alternative scenario: Below 0.869 look for further downside with 0.862 & 0.856 as targets.
Comment Forex: the RSI is mixed with a bullish bias.

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