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Free forex predictions for GBP-USD July 26, 2010

The 1.5345 former resistance area is now acting as a support & maintains an intraday bullish bias.

Prefer scenario : BUY positions @ 1.5360 with

TP 1 : 1.5400

TP 2 : 1.5420

TP 3 : 1.5450

Alternative scenario: The downside penetration of 1.5345 will call for a slide towards 1.5295 / 1.5255

free forex predictions for EUR-USD July 26, 2010

The pair is drawing a flat consolidation above the 1.286 intermediary support.

Prefer scenario : BUY positions @ 1.2865 with

TP 1 : 1.2900

TP 2 : 1.2920

TP 3 : 1.2930

Alternative scenario: The downside penetration of 1.2860 will call for a slide towards 1.282/ 1.2800

free forex predictions for AUD-USD July 26, 2010

The RSI is mixed with a bullish bias.

Prefer scenario : BUY positions @ 0.8910 with

TP 1 : 0.8950

TP 2 : 0.8980

TP 3 : 0.9000

Alternative scenario : Below 0.8895 look for further downside with 0.8845 / 0.8800

free forex predictions for USD -JPY July 26, 2010

The pair is approaching the 87.85 key resistance. A break above 87.85 will open the way towards 88.25 initially

Prefer scenario : BUY positions @ 87.35 with

TP 1 : 87.60

TP 2 : 87.80

TP 3 : 87.90

Alternative scenario : The downside penetration of 87.20 will call for 86.75 / 86.45

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free forex predictions for GBP-USD July 23, 2010

The pair has broken above a declining trend line.

Prefer scenario : BUY positions @ 1.5250 with

TP 1 : 1.5290

TP 2 : 1.5310

TP 3 : 1.5330

Alternative scenario: Thedownside penetration of 1.5235 will call for 1.5200 / 1.5150

free forex predictions for EUR-USD July 23, 2010

The pair validated a Falling Wedge pattern calling for a rebound towards the previous high area.

Prefer scenario : BUY positions @ 1.2855 with

TP 1 : 1.2885

TP 2 : 1.2900

TP 3 : 1.2920

Alternative scenario: The downside penetration of 1.284 will call for 1.2775 / 1.2732.

free forex predictions for AUD-USD July 23, 2010

The break above 0.8855 is a positive signal that has opened a path to 0.8965

Prefer scenario : BUY positions @ 0.8870

TP 1 : 0.8900

TP 2 : 0.8920

TP 3 : 0.8950

Alternative scenario : Below 0.8855 look for further downside with 0.8800 /  0.8785

free forex predictions for USD -JPY July 23, 2010

The pair has broken above an intraday declining trend line. The 30-min RSI is reversing up.

Prefer scenario : BUY positions @ 86.85 with

TP 1 : 87.15

TP 2 : 87.30

TP 3 : 87.50

Alternative scenario : The downside penetration of 86.75 will call for a slide towards 86.27 /  85.80

free forex predictions for GBP-USD July 22, 2010

The pair is expected to test its intraday bearish channel resistance.

Prefer scenario : SELL positions @ 1.5290 with

TP 1 : 1.5240

TP 2 : 1.5220

TP 3 : 1.5200

Alternative scenario: The upside penetration of 1.5300 will call for 1.5335 / 1.5400

free forex predictions for EUR-USD July 22, 2010

The pair has broken below its short-term bullish channel support. However, the immediate downside potential looks limited by the 1.2700 support area.

Prefer scenario : SELL positions @ 1.2835 with

TP 1 : 1.2800

TP 2 : 1.2780

TP 3 : 1.2750

Alternative scenario: The upside penetration of 1.2845 will call for 1.2915 / 1.2930

free forex predictions for AUD-USD July 22, 2010

The RSI is below its neutrality area at 50%

Prefer scenario : SELL positions below 0.8790 with

TP 1 : 0.8760

TP 2 : 0.8730

TP 3 : 0.8710

Alternative scenario : Above 0.8800 look for further upside with 0.8870 / 0.8935

free forex predictions for USD -JPY July 22, 2010

The pair has broken below an intraday rising trend line. The 30-min RSI broke below a key support area.

Prefer scenario : SELL positions @ 86.85 with

TP 1 : 86.50

TP 2 : 86.30

TP 3 : 86.10

Alternative scenario : The upside penetration of 86.90 will call for a rebound towards 87.35 / 87.58