/ 

Jan 15

TECHNICAL ANALYSIS BY NSFX 15.01.2014

By:admin

High:  Low: 

Following two dojis – a signal of indecisive trading behaviour and possible change of trend – the pair has reversed lower, breaching the 50-day SMA. A close below would open up for a test of the 100-day SMA at 1.3603 before short term wave lows at 1.3548. Upside, we need a close above 1.37 to regain bullish momentum.

R3
R2
R1
S1
S2
S3