|
USD CHF hits more targets 23/05/2013
The pair rallied higher well approaching from 0.9800, where our bullish trend expectations continue efficiently, and our next main target at 0.9950
The EMA50 supports the bullish wave from below, pointing that breaking below 0.9720 might delay achieving the waited targets and lead to a potential retest to 0.9600 level.
Expected trading range for today is between: 0.9720 support and 0.9900 resistance.
Expected trend for today: Bullish
NZD USD confirms the break 23/05/2013
The pair managed to confirm breaking 0.8160 activating the negative pattern again, and begins today with more declines to surpass 0.8060, opening the way towards more downside move, and the next target at 0.7920
Stochastic provides negative signal that supports the suggested decline, which remains valid conditioned by the stability below 0.8060 and the most important below 0.8160
Expected trading range for today is between: 0.7920 support and 0.8160 resistance.
Expected trend for today: Bearish
AUD USD resumes the bearish trend 23/05/2013
The pair managed to break the continuation flag pattern’s support that was mentioned yesterday which appears in the minor image, activating the negative effect for the pattern which supports the continuation of the bearish trend expectations, waiting for testing our next main target at 0.9580, where breaking this level represents the rally key towards 0.9230
Breaching 0.9710 might stop the negative scenario temporarily and delay achieving the waited targets.
Expected trading range for today is between: 0.9485 support and 0.9710 resistance.
Expected trend for today: Bearish
Crude Oil approaches the support 23/05/2013
Crude oil price continues its decline after confirming breaking 94.65, to approach now from the bullish channel’s support 92.75, where the effect of Stochastic negativity is continued.
In general, the sideways trading remains valid and preferred as long as the price is limited between 92.75 and 96.75, being aware that breaking below 92.75 will open the way for the decline which is targeting initially the psychological barrier 90.00
Expected trading range for today is between: 92.00 support and 95.50 resistance.
Expected trend for today: Sideways