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Mar 13

TECHNICAL ANALYSIS BY NSFX 13.03.2014

By:admin

High:  Low: 

After printing a 2-month high at 143.79 last week, the pair has been sideways trading with barriers at the 61.8% and 76.4% fibo retracements in the wave from Dec 2013 to Feb 2014. Outlook is still bullish according to the Ichimoku Cloud formation, but the Tenkan-Sen and Kijun-Sen are getting closer to crossing over, which could cause short positions to enter.

R3
R2
R1
S1
S2
S3