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Gold in sideways track 06/03/2013
More sideways trading appears at the gold price, which finds an intraday resistance obstacle was formed by EMA50, to keep the general bearish trend expectations valid, and the initial targets begin attacking 1567.00 and then heading towards 1555.00
On the other hand, it is important to be aware that the stability of 1567.00 and breaching above 1587.00 will turn the intraday trading towards the upside, and the upside targets start at 1610.00
Expected trading range for today is between: 1555.00 support and 1600.00 resistance.
Expected trend for today: Bearish
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USD CAD is calm 06/03/2013
The pair continues in the mild bearish bias, while Stochastic attempts to gain some positive momentum, and hence the price is stable above 1.0180, our positive expectations remain valid, it might be preceded by retesting the mentioned level.
MoreUSD JPY at the moving average 06/03/2013
The pair stands now at the EMA50, which acts as support at 93.00, where breaking below this level will push the price towards the sideways range support at 92.20
MoreGBP USD negotiates the retest level 06/03/2013
The pair remains stable below 1.5190, and this is the main factor that makes us continue in our bearish trend expectation on the short term basis, but we warn you that the last fluctuation near this level might draw a positive technical formation that has the ability to turn the price back to the previously broken bullish trend.
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