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Technische Analyse
TECHNICAL ANALYSIS BY NSFX 24.11.2015
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The breach of 1.0616 temporary low suggests that recent fall is resuming. The daily chart is showing a possible Bullish Pin candle, or hammer, that could hint at a shift from selling to buying pressure.
TECHNICAL ANALYSIS BY NSFX 22.11.2015
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In EURUSD, a retest of the double support turned into resistance at 1.0840, which is also the current 2 week high, will attract some new shorts with a close stop. After the upward corrective movement from past Thursday, the pair resumed its decline by the end of the week.
TECHNICAL ANALYSIS BY NSFX 22.11.2015
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The hammer of course is a bullish sign, so we could break out to the upside. It is good time to buy here at 1077.70. There is scope for gold to retrace some of the recent losses after the precious metal has reached a five year low.