Technical Analysis

Feb 03

TECHNICAL ANALYSIS BY NSFX 03.02.2016

HIGH: | LOW:

The 20 day range stands at 1.69%. EURUSD advanced up to a daily high of 1.0939 this Tuesday, but was unable to advance further beyond the top of its recent range, easing towards the 1.0891 region, where short term buying interest surged again.

Feb 02

TECHNICAL ANALYSIS BY NSFX 02.02.2016

HIGH: | LOW:

Look to buy USDJPY pair ahead of 121.00, with a stop below 130.80. USDJPY is strongly correlated to risk sentiment; the direction of broader markets will likely determine the overall direction of USDJPY.

02

TECHNICAL ANALYSIS BY NSFX 02.02.2016

HIGH: | LOW:

The technical strategy is oil failing to push past first key resistance zone at 34.25/bbl. Oil trades in a very sensitive level near 23.6% Fibonacci and moving average 20 at 33.00. Momentum is higher with the MACD index printing.