English
Technical Analysis
TECHNICAL ANALYSIS BY NSFX 22.03.2016
HIGH: | LOW:
Trading up all last week sees the first pullback taking place below the 0.76 figure level.Support now expected towards the 0.73 figure resistance turned support. The Relative Strength Index shows we entered overbought territory coinciding with the drop off in the AUD and bearish traders could eye a target at the 0.74 figure support.
TECHNICAL ANALYSIS BY NSFX 20.03.2016
HIGH: | LOW:
The index found support on the 21SMA and on the 55EMA as well. It may test the medium term supply line and the 200SMA, both in area 10,500. A breakout of this multiple dynamic resistance can lift the GER30 to test 11,400 and then 11,600. Beneath the short term demand line the GER30 can test[...]
TECHNICAL ANALYSIS BY NSFX 20.03.2016
HIGH: | LOW:
The commodity developed a short term channel and a breakout can lift UK Brent to test its 200SMA in area 45.6. The bear market would be finished in case the commodity will develop a bullish trend above 50 and then 55. Beneath 39 UK Brent should test the lower side of the channel near 36[...]