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Technical Analysis
TECHNICAL ANALYSIS BY NSFX 26.02.2016
HIGH: | LOW:
1232.00 is providing support. Resistances lie around 1241.12 and 1247.48. The main range is 1108.50 to 1263.90.Currently, we believe that trading above 1219.00 may assist bulls to resume their northern trip towards 1260.00, Fibonacci of 61.8%- which is positive, along with positivity on moving averages and a breakout above MA20.
TECHNICAL ANALYSIS BY NSFX 26.02.2016
HIGH: | LOW:
The pair needs to regain the 1.1045 zone, where the 200 MA has been capping upside attempts over the last three days. EURUSD banged against the 100 MA at the 1.0957 area and held. The pair is rebounding off a key support confluence at 1.0954.
TECHNICAL ANALYSIS BY NSFX 25.02.2016
HIGH: | LOW:
USDJPY is following the projected path to the downside. The pair has triggered an oversold signal as the Relative Strength Index (RSI) dips below 30, but the pair stands at risk for a further decline especially if the oscillator makes its way back towards the lows from earlier this year.