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Jun 24

TECHNICAL ANALYSIS BY NSFX 24.06.2013

By:admin

High:  Low: 

Following four weeks of gains, the pair was capped at the 50% Fibo retracement in the 2010 low to 2011 wave and trend resistance from 2011 highs as well. On a daily, since printing June highs, the pair has posted three Black Crows, which could mean short term reversal. Compared to the ATR100, the pair made in the last 3 days more than 40% above the average, so we could also see a small consolidation before another pick-up in volatility. The 50, 100 and 200 SMAs should provide substantial support.

R3
R2
R1
S1
S2
S3