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

Midday update for NZD USD 23/05/2013

Economies.com
2013-05-23 10:47AM UTC

The pair returns to be trading above 0.8060, and it might stop the negative scenario temporarily until retesting 0.8160 again.

 

Now, we are keeping our morning expectations as they are for the rest of today’s trading unless surpassing 0.8160

 

Expected trading range for today is between: 0.7920 support and 0.8160 resistance.

 

Expected trend for today: Bearish

Midday update for AUD USD 23/05/2013

Economies.com
2013-05-23 10:46AM UTC

The pair approached from our main target at 0.9580, where the trading bounced rapidly from there, and the price might retest 0.9710 before attempting to decline again.

 

In general, our bearish trend expectations remain valid unless breaching above 0.9710

 

Expected trading range for today is between: 0.9485 support and 0.9710 resistance.

 

Expected trend for today: Bearish

 

Midday update for Crude Oil 23/05/2013

Economies.com
2013-05-23 10:46AM UTC

Crude oil price touched the bullish channel’s support at 92.75 and bounces to the upside, which keeps the sideways’ move scenario valid until now, waiting for more of the potential bullish rebound, which is targeting now a new test to 96.75

 

We must be aware that Stochastic and EMA50 are representing negative factors that might force the price to fluctuate in negative bias during the upcoming intraday trading.

 

Expected trading range for today is between: 92.00 support and 95.50 resistance.

 

Expected trend for today: Sideways

 

 

 

Midday update for Silver 23/05/2013

Economies.com
2013-05-23 10:46AM UTC

Silver price remains stuck between the critical levels that represented by 22.00 support and 23.00 resistance, and the price remains fluctuating between them in sideways range, while we are waiting for the price to succeed to confirm surpassing one of these levels in order to provide clearer signals for the next trend on the intraday and short term basis.

 

Expected trading range for today is between: 21.00 support and 23.50 resistance.

 

Expected trend for today: Depends on the abovementioned levels