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NZD USD completes positive formation 19/11/2012
By the above chart, we found that the pair was limited recently inside a falling wedge pattern which it succeeded in breaching it today, this pattern is a positive-type-pattern, and might assist in turning the price back to the bullish channel again and stopping the current bearish correction.
Therefore, we prefer staying aside due to the conflict between the technical factors, which is between the mentioned pattern positivity and Stochastic and EMA50 negativity.
Expected trading range for this week is between: 0.7900 support and 0.8400 resistance.
Expected trend for today: Neutral
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AUD USD strongly gains 19/11/2012
The pair rallied sharply today to surpass 1.0365 and attempt to settle above it, and if the price succeeded to stabilize above, we will get positive signals for stopping the previous completed double top patterns’ effect.
MoreCrude Oil heads to the retest levels 19/11/2012
Crude oil rallied higher strongly accompanied with the future contracts' roll-over, while approaching gradually from the retest level of the previous breached neckline for the head and shoulders pattern at 88.65
MoreSilver builds base 19/11/2012
The price was able to lean on the EMA50 to rally higher today heading towards 33.00 barrier.
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