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Analisi Tecnica
TECHNICAL ANALYSIS BY NSFX 29.04.2015
HIGH: | LOW:
Breaking resistance towards the 50 day SMA and the weekly high from last week towards 1.0850. The 1.09 figure then giving way now comes into play as resistance turned support. The next level expected towards the 1.10 figure level at the current test. We saw the Euro falling to the test of support at the[...]
TECHNICAL ANALYSIS BY NSFX 29.04.2015
HIGH: | LOW:
Resistance towards the 1.5030 area finally giving way last week, and we could see this level again offering support in the near term. Trend-line resistance tested connecting the highs from July ’14 and Feb ’15 also giving way. Support expected towards 1.5325 going forward.
TECHNICAL ANALYSIS BY NSFX 29.04.2015
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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 1210 area going forward. Support in the 1180 level area expected should prices drop lower.