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Oct 17

TECHNICAL ANALYSIS BY NSFX 17.10.2013

By:admin

High:  Low: 

The pair is looking to take home its third weekly gain in a row and on daily, the 50-day SMA has crossed above the 100-day SMA, indicating that short term momentum is to the upside, currently trading at four-month highs. Due to the increase in upside, the oscillators have become overbought on daily, so watch for divergence, which could call for a correction.

R3
R2
R1
S1
S2
S3