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Technical Analysis
TECHNICAL ANALYSIS BY NSFX 13.03.2016
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The rate found support on the dynamic demand line and then soared more than 300 pips, making a breakout of its flat 200SMA. Next resistance the medium term supply line in area 1.13 and then the last August top in area 1.17. If EurUsd will trade above this level is likely to see the rate[...]
TECHNICAL ANALYSIS BY NSFX 13.03.2016
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The shiny metal made a 2016 high in area 1280 and found support on the 21SMA. Below this level the commodity may test area 1194, the 38.2% Fibonacci retracement and beneath this level it could test area 1130, an important level because there are 2 dynamic and 1 static supports. A breakout above 1280 can lift[...]
TECHNICAL ANALYSIS BY NSFX 13.03.2016
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The rate is developing a short term trading range with higher side at 114.84 and lower side at 111. A breakout either on the upside or on the downside will generate momentum trading, with key level the supply line that links lower highs in area 120. Beneath 111 UsdJpy can reach 105, a level traded[...]