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Analisi Tecnica
TECHNICAL ANALYSIS BY NSFX 27.08.2015
HIGH: | LOW:
Downside action and a close below the 187.70 level leads to a test of the 184.70 level and the 100 day SMA and the coinciding 50% level on Fibo connecting low of April and June high. This level held over the previous days and bullish traders could see the 189.70 could now offer an area[...]
TECHNICAL ANALYSIS BY NSFX 27.08.2015
HIGH: | LOW:
The 1.13 figure level was the triple top resistance late last year which rejection from here saw the sell off hit record lows. Support breaking toward the 1.10 figure level to as low as the 1.09 level before a bullish spike yesterday saw a lot of stops being taken out.
TECHNICAL ANALYSIS BY NSFX 27.08.2015
HIGH: | LOW:
Testing the 1.58 figure level of resistance this week, the breakout that could have targeted the 1.5930 level never materialized and we saw a major selloff breaking support at 1.57 then 1.5620 and subsequently the 1.55 figure level. The 1.5450 level the next area of support going forward.