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

Midday update for NZD USD 24/05/2013

Economies.com
2013-05-24 11:14AM UTC

The pair’s trading is stuck between 0.8160 and 0.8060, while holding below 0.8160 represents the most important factor for the continuation of our intraday expectations for the bearish trend.

 

Thus, the morning suggested scenario remains valid and active and the main target at 0.7920

 

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

 

Expected trend for today: Bearish

 

 

Midday update for AUD USD 24/05/2013

Economies.com
2013-05-24 11:14AM UTC

The pair fluctuates in sideways and tight range settled below 0.9700, keeping the preferred bearish trend scenario valid and active for today, reminding you that holding below 0.9775 – 0.9810 is important to keep the chances of achieving the suggested targets in our morning report.

 

Expected trading range for today is between: 0.9485 support and 0.9775 resistance.

 

Expected trend for today: Bearish

 

Midday update for Crude Oil 24/05/2013

Economies.com
2013-05-24 11:13AM UTC

Crude oil price is affected by Stochastic negativity, where it trades below the EMA50, while the sideways range remains dominant and preferred on the intraday basis between 96.75 and 92.75

 

Thus, the morning suggested scenario remains valid and active for the rest of today’s trading.

 

Expected trading range for today is between: 92.00 support and 96.75 resistance.

 

Expected trend for today: Sideways

Midday update for Silver 24/05/2013

Economies.com
2013-05-24 11:13AM UTC

More sideways trading dominates silver price between 22.00 and 23.00, while the EMA50 and Stochastic are pushing negatively on the intraday trading.

 

In general, we are still waiting for surpassing one of the above mentioned levels to confirm 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