Renovation Free signals and comment for traiders on Forex for EUR/USD, GBP/USD, USD/CHF, USD/JPY, USD/CAD, AUD/USD - 07/07/2010

Renovation Free signals and comment for traiders on Forex for EUR/USD, GBP/USD, USD/CHF, USD/JPY, USD/CAD, AUD/USD - 07/07/2010

EUR/USD intraday: the upside prevails.
Pivot: 1.2550.
My Preference: LONG positions @ 1.256 with 1.266 & 1.269 in sight.
Alternative scenario: The downside penetration of 1.255 will call for a slide towards 1.2525 & 1.248.
Forex Comment: the pair remains on the upside and should post a rebound on its new support as the RSI is turning up.
Trend: ST Ltd Downside; MT Range

GBP/USD intraday: rebound expected.
Pivot: 1.5080.
My Preference: LONG positions @ 1.509 with 1.518 & 1.523 in sight.
Alternative scenario: The downside breakout of 1.508 will open the way to 1.5025 & 1.498.
Forex Comment: the pair has struck against its resistance and is pulling back on its support ahead of a rebound.

USD/CHF intraday: capped by a negative trend line.
Pivot: 1.0675
My preference: Short positions below 1.0675 with targets @ 1.056 & 1.05 in extension.
Alternative scenario: Above 1.0675 look for further upside with 1.075 & 1.079 as targets.
Forex Comment: the pair has struck against its MT declining trend line and should face a further weakness.

USD/JPY intraday: rebound expected.
Pivot: 87.25.
My Preference: LONG positions @ 87.3 with 87.7 & 88 in sight.
Alternative scenario: The downside penetration of 87.25 will call for a slide towards 86.95 & 86.75.
Forex Comment: the pair should rebound on its new support, the RSI is mixed to bullish.

USD/CAD intraday: under pressure.
Pivot: 1.06
My preference: Short positions below 1.06 with targets @ 1.0485 & 1.044 in extension.
Alternative scenario: Above 1.06 look for further upside with 1.063 & 1.068 as targets.
Forex Comment: the RSI is capped by a declining trend line.

AUD/USD intraday: intraday support around 0.844.
Pivot: 0.844
My preference: Long positions above 0.844 with targets @ 0.856 & 0.86 in extension.
Alternative scenario: Below 0.844 look for further downside with 0.8405 & 0.8375 as targets.
Forex Comment: the RSI lacks downward momentum.