forex free signal 2012/11/14

EUR/USD intraday: under pressure.

Pivot: 1.2715.
Our preference: SHORT positions below 1.2715 with 1.267 & 1.2635 in sight.
Alternative scenario: The upside penetration of 1.2715 will call for a rebound towards 1.2735 & 1.2775.
Comment: the pair stands below its resistance and remains under pressure.



GBP/USD intraday: under pressure.

Pivot: 1.5890.
Our preference: SHORT positions below 1.589 with 1.585 & 1.583 as next targets.
Alternative scenario: The upside penetration of 1.589 will call for 1.5925 & 1.5965.
Comment: the pair stands below its resistance and remains under pressure.




USD/JPY intraday: under pressure.

Pivot: 79.60.
Our preference: SHORT positions below 79.6 with targets @ 79.15 & 79.05.
Alternative scenario: The upside breakout of 79.6 will open the way to 79.8 & 80.1.
Comment: the pair remains under pressure and is approaching its previous low.




EUR/JPY intraday: the downside prevails.

Pivot: 101
Our preference: Short positions below 101 with targets @ 100.4 & 100.1 in extension.
Alternative scenario: Above 101 look for further upside with 101.35 & 101.75 as targets.
Comment: the RSI has broken down its 30 level.


GBP/JPY intraday: the downside prevails.

Pivot: 126.35
Our preference: Short positions below 126.35 with targets @ 125.6 & 125.4 in extension.
Alternative scenario: Above 126.35 look for further upside with 126.6 & 126.9 as targets.
Comment: a break below 125.6 would trigger a drop towards 125.4.


AUD/USD intraday: caution.

Pivot: 1.0395
Our preference: Long positions above 1.0395 with targets @ 1.0445 & 1.0475 in extension.
Alternative scenario: Below 1.0395 look for further downside with 1.0355 & 1.0325 as targets.
Comment: the break above 1.0395 is a positive signal. However, technical indicators are losing upside momentum, this calls for caution.




Cac 40 (Nov 12) intraday: rebound expected.

Pivot: 3370
Our preference: LONG positions above 3370 with targets @ 3442 & 3472.
Alternative scenario: The downside breakout of 3370 will open the way to 3342 & 3300.
Comment : the RSI is negative but supported by a strong support.



Dax (Dec 12) intraday: rebound expected.

Pivot: 7130
Our preference: LONG positions above 7130 with targets @ 7235 & 7280.
Alternative scenario: The downside breakout of 7130 will open the way to 7070 & 7020.
Comment: the RSI is negative but supported by a strong support.