Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Midday update for Gold 20/05/2013

Economies.com
2013-05-20 10:39AM UTC

Gold price fluctuates around 1350.00 which represents now a minor resistance after it was previously broken, affected by Stochastic current positivity.

 

In general, our general expectations for the bearish trend remain valid unless breaching 1385.00, and breaking below 1333.00 will ease achieving the suggested targets in our morning report.

 

Expected trading range for today is between: 1300.00 support and 1370.00 resistance.

 

Expected trend for today: Bearish

Midday update for GBP USD 20/05/2013

Economies.com
2013-05-20 10:39AM UTC

The pair is fluctuating around 1.5190, showing weak volume trading since morning, which makes us keep in the suggested scenario in our morning report valid as it is without any change, pointing that the price might be forced to trade in sideways range until Stochastic loses its positive signal on the four hours time frame.

 

Expected trading range for today is between: 1.5035 support and 1.5300 resistance.

 

Expected trend for today: Bearish

Midday update for EUR USD 20/05/2013

Economies.com
2013-05-20 10:38AM UTC

The pair shows some bullish bias since morning, and remains below 1.2900, keeping the preferred bearish trend scenario efficient for today, supported by Stochastic losing its bullish momentum clearly.

 

EMA50 keeps supporting the suggested bearish trend.

 

Expected trading range for today is between: 1.2700 support and 1.2940 resistance.

 

Expected trend for today: Bearish

EUR/GBP Weekly Technical Report 20-24/5/2013

Fx News Today
2013-05-20 09:03AM UTC

 

The EUR/GBP still suffers the negative pressure the upper line, or resistance, of the downtrend is applying. That helps us maintain expectations of the downtrend over intraday basis, which stands valid as long as the trading remains below 0.8500.

 

**Trend is short-term (less than 3 months)

**Chart is based on GMT +2

 

Notes:

- If the price reaches more than 80% of the target before triggering entry, the signal is invalid.

- Clearence is for -/+ 5-point margin.