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

NZD USD rises 21/05/2013

Economies.com
2013-05-21 05:39AM UTC

The pair surpassed 0.8160 level and settled above it, to offer signals of changing the intraday trend to the upside, as the price is affected by stochastic positivity, and might start testing levels that begin at 0.8210 and extend to 0.8360

 

We need to stay aside temporarily now, to monitor the price behavior according to 0.8160 support and 0.8210 resistance, which have the keys of detecting the next intraday trend.

 

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

 

Expected trend for today: Depends on the abovementioned levels

AUD USD within intraday sideways range 21/05/2013

Economies.com
2013-05-21 05:39AM UTC

The pair shows sideways trading and fluctuating now above 0.9800, affected by stochastic positivity, and might head to retest 0.9930 before resuming the overall bearish trend again.

 

As we mentioned in our recent reports, holding below 0.9930 will keep the main bearish trend valid, and our main target located at 0.9575, while breaching above 0.9930 will open the way to test higher levels that might reach to 1.0145

 

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

 

Expected trend for today: Bearish

Crude Oil begins to breach 21/05/2013

Economies.com
2013-05-21 05:39AM UTC

Crude oil price opens today’s trading with bullish bias in attempt to confirm surpassing the critical resistance which turns into support now at 96.80, and the stability above this level will open the way for more positivity and the main initial target at the psychological barrier 100.00

 

Now, we will suggest the bullish trend but with main conditions, which are represented by settling above 96.80, besides surpassing 97.70 and holding with a daily close above it.

 

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

 

Expected trend for today: Bullish

Silver heads towards the channel’s resistance 21/05/2013

Economies.com
2013-05-21 05:39AM UTC

Silver price continued its positive trading moving away from the minor bearish channel’s support and fluctuates around the EMA50 now, and there is a chance for achieving more positivity to visit the channel’s resistance at 25.25

 

We need to monitor the price behavior according to the critical levels which are represented by 22.00 support and 23.00 resistance, where breaching above the mentioned resistance will lead to visit the bearish channel’s resistance, while breaking below the support will open the way for the return to resume the negative pressure again.

 

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

 

Expected trend for today: Depends on the abovementioned levels