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

GBP USD returns to decline 10/05/2013

Economies.com
2013-05-10 05:42AM UTC

The pair declined again, to activate the intraday negative scenario that targets the near bullish channel’s support at 1.5365, pointing that Stochastic enters the oversold levels, which supports the chances of the upside rebound after hitting the mentioned level.

 

Now, the bearish bias will be preferred on the intraday basis, with monitoring the price behavior when reaching the waited target, where breaking below it will lead to more downside track towards 1.5190.

 

Expected trading range for today is between: 1.5290 support and 1.5600 resistance.

 

Expected trend for today: Bearish towards the suggested target

EUR USD fails to keep ground 10/05/2013

Economies.com
2013-05-10 05:42AM UTC

The pair achieved sharp decline to settle below 1.3145 approaching from the psychological barrier 1.3000, which stops our positive expectations and forces us to stay aside now, in order to monitor the price according to the mentioned levels.

 

The price might be forced to fluctuate in sideways range in the intraday basis between 1.3000 and 1.3200 for some time before detecting the price track on the short term basis.

 

Expected trading range for today is between: 1.2900 support and 1.3200 resistance.

 

Expected trend for today: Neutral

 

Midday update for NZD USD 09/05/2013

Economies.com
2013-05-09 10:41AM UTC

The pair is hovering around 0.8455, keeping its stability above the EMA50, which encourages us to continue in our positive expectations for today, unless witnessing a break below 0.8360 and stability with a daily close below it.

 

Expected trading range for today is between: 0.8360 support and 0.8600 resistance.

 

Expected trend for today: Bullish

 

Midday update for AUD USD 09/05/2013

Economies.com
2013-05-09 10:41AM UTC

The pair’s upside rally stopped around 1.0250, which led the price to fluctuate in sideways range, but it remains providing an overlapping positive signal that supports the continuation of our positive expectations for today, which remain valid conditioned by the stability above 1.0145

 

Expected trading range for today is between: 1.0145 support and 1.0380 resistance.

 

Expected trend for today: Bullish