USD CHF is settled 11/12/2012
The pair remains stable below the EMA50 keeping our expectations of the preferred bearish trend in general, accompanied with negative crossing signal offered by Stochastic now on the daily time frame.
Accordingly, we are continuing in our anticipations for moving lower on the intraday and short term basis, our first main target located at 0.9240
Expected trading range for today is between: 0.9240 support and 0.9400 resistance.
Expected trend for today: Bearish
NZD USD knocks the door to rise 11/12/2012
The pair’s trading settled near the recent recorded high at 0.8355, while the EMA50 remains supporting the price from below, where we need a breach for 0.8355 followed by 0.8385 to confirm the return of the general bullish trend which was stopped temporarily for performing the bearish correction.
Breaking below 0.8275 will postpone the suggested bullishness and leads to visit 0.8200 and might extend to reach 0.8145
Expected trading range for today is between: 0.8260 support and 0.8450 resistance.
Expected trend for today: Bullish
AUD USD leans on the moving average 11/12/2012
The pair leaned on the EMA50 which formed a good support at 1.0460, to protect our preferred bullish trend scenario in our previous reports, while we are waiting main targets begin at 1.0550 and 1.0600
Note that breaching 1.0460 will push the price to test the bullish channel support around 1.0365
Expected trading range for today is between: 1.0365 support and 1.0600 resistance.
Expected trend for today: Bullish
Crude Oil breaks calmly 11/12/2012
By narrow and sideways trading range, the price achieved a slight breaking for the minor channel support shown in the image, and closed yesterday’s trading below it, that offers signals for some potential bouncing on the intraday basis.
We need to witness another daily close below 86.00 to be more certain that the achieved breaking is not fake, where Stochastic is entering the oversold levels and might assist in turning the price back inside the mentioned level again.
Therefore, neutrality remains preferred for today too.
Expected trading range for today is between: 83.50 support and 88.50 resistance.
Expected trend for today: Sideways