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Midday update for Gold 05/03/2013
Gold price shows some slight bullish bias since morning, accompanied with Stochastic reaching the overbought levels, which signals to the weak bullish momentum of the price.
In general, we still keep our expected bearish trend for today, reminding you that breaching above 1587.00 considered as the initial key for the intraday turn towards the upside.
Expected trading range for today is between: 1555.00 support and 1600.00 resistance.
Expected trend for today: Bearish
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Midday update for GBP USD 05/03/2013
The pair retested 1.5190 and bounced lower from there, to keep our bearish trend expectation for today valid; reminding you that breaching above 1.5190- 1.5235 will turn the intraday trading towards the upside.
MoreMidday update for EUR USD 05/03/2013
The pair trades with bullish bias since the morning, and approaches calmly from 1.3145, to keep our expectations for the preferred bullish trend effective for today, being aware for the clear overbought signals that appear on Stochastic which might decelerate achieving the waited target.
MoreEUR JPY moves slowly 5/3/2013
The pair’s trading continues calmly since yesterday’s trading to keep the stability above 121.10 which represents 23.6% Fibonacci, thus we remain in our previous expectation to achieve 122.65 as a main target for the bullish trading.
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