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

GBP USD negotiates the critical support 16/05/2013

Economies.com
2013-05-16 05:31AM UTC

The pair continues in testing 1.5190, which shows strength against the declining attempts, while we notice that Stochastic is losing its bullish momentum gradually.

 

Until now, the neutral attitude remains valid, waiting for monitoring the price behavior according to the support level 1.5190 and the resistance 1.5275.

 

Expected trading range for today is between: 1.5070 support and 1.5360 resistance.

 

Expected trend for today: Neutral

 

 

EUR USD fluctuates 16/05/2013

Economies.com
2013-05-16 05:31AM UTC

The pair found good support around 1.2840, to stop the price decline temporarily and fluctuates in sideways range now, where it is affected by Stochastic positivity.

 

In general, the bearish trend remains preferred on the intraday basis, and the target around 1.2725, supported by the EMA50, where breaching above 1.2970 represents the stopping factor for the bearish trend expectations.

 

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

 

Expected trend for today: Bearish

Crude oil bounces from the channel’s support

Economies.com
2013-05-15 18:03PM UTC

Crude oil suffered sharp losses touching the main support line at 92.15, while at the same time, we can notice the quick rebound to recover the losses and settle again above the EMA50.

 

We still need to monitor the price behavior to get clearer trend signals, and the daily close according to 93.45 and 94.65 levels will offer these signals.

Gold stops at the target

Economies.com
2013-05-15 18:00PM UTC

Gold price declined strongly to touch the main waited target exactly at 1390.00 and bounce higher from there.

 

The overall negative pressure remains valid, but the price might witness some fluctuations and slight bullish bias affected by stochastic positivity.