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

USD CHF gains strongly 15/05/2013

Economies.com
2013-05-15 05:35AM UTC

The pair resumed its rise sharply surpassing 0.9600 and settles above it, reinforcing our expectations for the continuation of the bullish trend on the intraday and short term basis, where we are waiting targets located initially at 0.9770

 

Note that Stochastic negativity might force the price for some sideways fluctuation and attempts to retest 0.9600 before resuming the bullish trend again.

 

Expected trading range for today is between: 0.9600 support and 0.9770 resistance.

 

Expected trend for today: Bullish

NZD USD continues to fall 15/05/2013

Economies.com
2013-05-15 05:35AM UTC

The pair continued its bearish trend affected by the double top pattern which its full targets are located around 0.8050, which makes us remain in preferring the bearish trend for today, but the price must surpass a critical support level that is located at 0.8160, this break will ease achieving the waited target, while its steadiness will turn the price to provide positive attempts that its targets begin by retesting the previously broken neckline at 0.8360

 

Expected trading range for today is between: 0.8050 support and 0.8310 resistance.

 

Expected trend for today: Bearish

AUD USD resumes the decline 15/05/2013

Economies.com
2013-05-15 05:34AM UTC

The pair succeeded to retest 0.9975 and bounced lower from there to resume its expected decline, heading towards our main target at 0.9825

 

Thus, the bearish trend will be preferred today too, and monitoring the price when reaching the mentioned target is required, where breaking below it will open the way towards more downside track which its next targets towards 0.9685

 

Expected trading range for today is between: 0.9765 support and 0.9975 resistance.

 

Expected trend for today: Bearish

Crude Oil under negative pressure 15/05/2013

Economies.com
2013-05-15 05:33AM UTC

The pair achieved a break and stability below 94.65, stopping the positive scenario temporarily, and the trading is stuck between the mentioned level and the moving average which forms support now at 93.35

 

Thus, we need clearer signals for the next intraday trend, which we get them by monitoring according to the above mentioned levels, where breaching above 94.65 will turn the positive scenario again, while breaking below 93.35 will push the price to test the main bullish channel’s support around 92.20

 

Expected trading range for today is between: 92.20 support and 97.00 resistance.

 

Expected trend for today: Depends on the above mentioned levels