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EUR USD fluctuates 21/05/2013

Economies.com
2013-05-21 05:38AM UTC

The pair fluctuates in tight range since yesterday, making some attempts to test 1.2900 but it still below this level, and that allows us to keep our expectations of the bearish trend which is mainly targeting 1.2725.

 

Stochastic and the EMA50 are supporting our scenario which remains valid conditioned by the stability below 1.2970.

 

Expected trading range for today is between: 1.2725 support and 1.2970 resistance.

 

Expected trend for today: Bearish

Midday update for NZD USD 20/05/2013

Economies.com
2013-05-20 10:41AM UTC

The pair approached from retesting 0.8160 level as was suggested this morning, and as long as the price is below this level, the bearish trend scenario remains valid and active, reminding you that breaking below 0.8060 will provide strong motive that supports the waited targets which are initially at 0.7920

 

Expected trading range for today is between: 0.7980 support and 0.8210 resistance.

 

Expected trend for today: Bearish

 

Midday update for AUD USD 20/05/2013

Economies.com
2013-05-20 10:40AM UTC

The pair moves in tight range since morning, and remains stable below 0.9800, while our general bearish trend expectations remain valid and active until now, reminding you that the main waited target at 0.9575, which achieving it requires holding below 0.9930.

 

Expected trading range for today is between: 0.9580 support and 0.9860 resistance.

 

Expected trend for today: Bearish

Midday update for Crude Oil 20/05/2013

Economies.com
2013-05-20 10:40AM UTC

Crude oil price provided some bearish bias since the morning, reinforcing the chances of the continuation of moving between the morning mentioned sideways range lines, which makes us keep the suggested scenario in our morning report valid as it is without any change, pointing that breaking below 94.65 will provide negative motive that supports more downside move on the intraday basis.

 

Expected trading range for today is between: 93.65 support and 98.00 resistance.

 

Expected trend for today: Sideways