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USD CHF continues with the sideways’ move 19/11/2012
The pair resumes its’ sideways trading range which is limited between 0.9400 and 0.9625, noting that EMA50 and Stochastic are supporting the price now, in a sign for a potential intraday bullishness towards 0.9625 resistance.
Accordingly, the sideways’ range will remain dominant unless one of the aforementioned levels was surpassed.
Expected trading range for this week is between: 0.9300 support and 0.9625 resistance.
Expected trend for today: Sideways
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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.
MoreAUD 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
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