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Technical Analysis
TECHNICAL ANALYSIS BY NSFX 09.02.2016
HIGH: | LOW:
This week’s thin trade implies a consolidation across markets including gold. Previous setup in Gold was bullish confluence zone near 1050.00. Chinkou Span is above the chart, Ichimoku continues moving upwards, and the price is inside Kumo, above the lines.
TECHNICAL ANALYSIS BY NSFX 09.02.2016
HIGH: | LOW:
EURUSD is falling towards 1.1080. However, the H4 chart of EURUSD shows the uptrend. The market was posting an inside move which indicates trader indecision and impending volatility. The pair broke sharply to the upside last week.
TECHNICAL ANALYSIS BY NSFX 08.02.2016
HIGH: | LOW:
The short in USDJPY from last week has played out nicely. The pair is approaching support level of 115.80. If the pair dropped from 200-day MA, the 116.00 still remains unbroken. This might trigger the pullback to 119.00.