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

USD CHF keeps the positive stability 20/05/2013

Economies.com
2013-05-20 05:47AM UTC

The pair remains stable above the previously breached resistance which turns into support now at 0.9595, which forms the main factor that makes us continue in preferring the intraday and short term bullish trend, waiting for targets that begin at 0.9770 and extend towards 0.9950

 

Stochastic negativity might cause temporary stop for the bullish wave until managing to gather enough bullish momentum to push the price to the upside, pointing that breaking below 0.9595 might force the price to visit 0.9400 again.

 

Expected trading range for today is between: 0.9635 support and 0.9770 resistance.

 

Expected trend for today: Bullish

 

NZD USD finds solid support 20/05/2013

Economies.com
2013-05-20 05:46AM UTC

The pair found strong support at 0.8060, which forces it to provide some bullish bias heading to retest the previously broken 0.8160 level

 

Note that breaking below 0.8060 represents the key of the bearish trend continuation towards 0.7920, while breaching above 0.8160 – 0.8210 will turn the intraday track towards the upside, and the price might head to visit mainly 0.8360.

 

Expected trading range for today is between: 0.7980 support and 0.8210 resistance.

 

Expected trend for today: Bearish

 

AUD USD awaits more targets 20/05/2013

Economies.com
2013-05-20 05:46AM UTC

The pair keeps its bearish bias heading towards the next main waited target at 0.9575, and Stochastic current positivity that causes a temporary stop for the downside track.

 

In general, the bearish trend will remain valid on the short term basis supported by the EMA50, unless achieving a clear breach and a daily close above 0.9930

 

Expected trading range for today is between: 0.9580 support and 0.9860 resistance.

 

Expected trend for today: Bearish

 

Crude Oil remains stuck 20/05/2013

Economies.com
2013-05-20 05:46AM UTC

Crude oil price move remains limited between the sideways range lines that was mentioned in our last reports, between 96.90 resistance and 92.55 support, which makes us continue in preferring more sideways trading on the intraday basis, pointing that breaching above the mentioned resistance level will provide positive motive that supports the continuation of the trading inside the main bullish channel and followed by targeting levels that begin at 100.00, while breaking below the support will turn the short term track towards the downside.

 

Stochastic provides positive signals that support the chances of achieving positive bias for today.

 

Expected trading range for today is between: 93.65 support and 98.00 resistance.

 

Expected trend for today: Sideways