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Technical Analysis
TECHNICAL ANALYSIS BY NSFX 17.02.2016
HIGH: | LOW:
Gold Prices were ranging, after declining for the last two trading sessions. Gold pull back to important structure. Any downside is expected to be limited around 1195.00 levels as the support level located at 1194.00 is likely to hold the bears from falling further below and bring a rebound back towards higher levels.
TECHNICAL ANALYSIS BY NSFX 17.02.2016
HIGH: | LOW:
A short term top is formed at 1.1376 after hitting 100% projection of 1.0517 to 1.1059 from 1.0809 at 1.1351. EURUSD has reached its predicted downside target. We believe that the 1.1050 level below should be supportive, as it was previously so resistive.
TECHNICAL ANALYSIS BY NSFX 16.02.2016
HIGH: | LOW:
An extremely quiet session on Monday, certainly when compared to that seen last week. USDJPY rallied, but we saw no entry on the charts. Bias in the pair remains neutral for consolidation above 113.27 temporary low.