Forex Trading Signals 4th April 2012 (Pre-EU Market Open)

EUR/USD INTRADAY: THE BIAS REMAINS BULLISH.

Pivot: 1.2805.
Most Likely Scenario: LONG positions above 1.2805 with 1.2875 & 1.291 as next targets.
Alternative scenario: The downside breakout of 1.2805 will open the way to 1.279 & 1.277.
Comment: the pair is facing a pull back on its support, the RSI lacks downward momentum and is approaching its oversold area.

GBP/USD INTRADAY: THE BIAS REMAINS BULLISH.Pivot: 1.5070.
Most Likely Scenario: LONG positions above 1.507 with targets @ 1.5175 & 1.522.
Alternative scenario: The downside penetration of 1.507 will call for a slide towards 1.5045 & 1.502.
Comment: the pair is facing a pull back but stands above its support, the RSI lacks downward momentum.






USD/JPY INTRADAY: THE UPSIDE PREVAILS.Pivot: 93.30.
Most Likely Scenario: LONG positions above 93.3 with 94.4 & 94.55 as next targets.
Alternative scenario: The downside penetration of 93.3 will call for 93.05 & 92.75.
Comment: the pair has broken above its resistance and remains on the upside, the RSI is well directed but is also overbought.







AUD/USD INTRADAY: THE UPSIDE PREVAILS.Pivot: 1.044
Most Likely Scenario: Long positions above 1.044 with targets @ 1.0495 & 1.0525 in extension.
Alternative scenario: Below 1.044 look for further downside with 1.043 & 1.0415 as targets.
Comment: the pair has struck against its resistance and is facing a pull back ahead of a rebound.






Forex Megadroid Robot 

Forex Growth Bot - Low Risk To Reward, Plenty Of Proof
TK's Blog | Free Forex Signals | Infotech Arena Tech News |