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

Midday update for NZD USD 22/05/2013

Economies.com
2013-05-22 10:33AM UTC

The pair resumed the attempts to break below 0.8160, and it needs a daily close below this level to reinforce the chances of the bearish trend return which is supported by the EMA50.

 

Thus, we continue in monitoring the price behavior and the daily close according to 0.8160 and 0.8210 to confirm the next trend accurately.

 

Expected trading range for today is between: 0.8000 support and 0.8250 resistance.

 

Expected trend for today: Depends on the abovementioned levels

 

Midday update for AUD USD 22/05/2013

Economies.com
2013-05-22 10:32AM UTC

The pair trades with slight bearish bias since morning, where our negative expectations remain active for today, while Stochastic positivity decelerates the waited decline.

 

In general, our bearish trend expectations remain valid unless 0.9865 was breached, which has the ability to turn the intraday trading to the upside towards 0.9930

 

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

 

Expected trend for today: Bearish

 

Midday update for Crude Oil 22/05/2013

Economies.com
2013-05-22 10:32AM UTC

Crude oil price trades with bearish bias affected by Stochastic negativity, which forces the price for heading to test the initial support level at 94.65

 

In general, our sideways trading expectations remain valid and preferred, pointing that the main target for the current bearish wave is located at 92.75.

 

Expected trading range for today is between: 93.90 support and 97.70 resistance.

 

Expected trend for today: Sideways

 

 

Midday update for Silver 22/05/2013

Economies.com
2013-05-22 10:32AM UTC

Silver price fluctuates in tight range since morning, to continue in monitoring the price behavior in the upcoming trading waiting for surpassing one of the critical levels between 22.00 and 23.00

 

More details around the expected targets of the breach are explained in our morning report.

 

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

 

Expected trend for today: Depends on the abovementioned levels