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Analisi Tecnica
TECHNICAL ANALYSIS BY NSFX 31.05.2015
HIGH: | LOW:
The rate is trading below the most relevant moving averages and is also in the middle of the medium term trading range 1.046-1.15. A breakout on the higher side of the range will find the 200SMA as the nearest relevant resistance and then above this level the pair might soar to 1.2. Below the multiyear[...]
TECHNICAL ANALYSIS BY NSFX 29.05.2015
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Breaking through the 185 figure level of resistance, we now could see that level as an area of support . Bullish traders pushing past the 187.70 resistance level earlier this month, and we have could now see the December high of 189.70 offering support after being passed during yesterday’s session.
TECHNICAL ANALYSIS BY NSFX 29.05.2015
HIGH: | LOW:
Should the price of gold decline further we could see the development of a head and shoulders pattern on the daily chart. Resistance expected towards the 1225 area going forward. Support in the 1200 level area giving way yesterday, the 1180 area could now offer support.