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

Midday update for NZD USD 21/05/2013

Economies.com
2013-05-21 10:35AM UTC

The pair makes tests for the morning mentioned levels between 0.8210 and 0.8160, and still didn’t confirm surpassing one of them yet, which makes us wait for clearer confirmation signals for the trend, where breaking below the support level 0.8160 will return the negative pressure which started after breaking the main bullish channel’s support that appears in the image, while breaching above 0.8210 will open the way to a potential retest for 0.8360

 

Expected trading range for today is between: 0.8060 support and 0.8310 resistance.

 

Expected trend for today: Depends on the abovementioned levels

 

Midday update for AUD USD 21/05/2013

Economies.com
2013-05-21 10:35AM UTC

The pair shows bearish bias since morning, trading again below 0.9800, to support our bearish trend expectations, which remain valid and active generally unless breaching above 0.9930

 

Breaking below 0.9750 will provide negative motive that supports the negative scenario.

 

Expected trading range for today is between: 0.9600 support and 0.9930 resistance.

 

Expected trend for today: Bearish

Midday update for Crude Oil 21/05/2013

Economies.com
2013-05-21 10:35AM UTC

Crude oil price is affected by Stochastic negativity to be trading now below 96.80, where we mentioned this morning that breaking below this level will stop the potential positive expectations.

 

Until now, we are keeping our expectations that issued in our morning report valid as it is unless witnessing daily close below 96.80.

 

Expected trading range for today is between: 95.00 support and 95.00 resistance.

 

Expected trend for today: Bullish

Midday update for Silver 21/05/2013

Economies.com
2013-05-21 10:35AM UTC

Silver price continues in the sideways trading, finding solid resistance at the EMA50, supported by Stochastic negativity.

 

And until now, we are waiting for confirming surpassing one of the critical levels between 22.00 support and 23.00 resistance to confirm the next trend on the intraday and short term basis.

 

Expected trading range for today is between: 21.00 support and 24.00 resistance.

 

Expected trend for today: Depends on the abovementioned levels