/
Jul
18
TECHNICAL ANALYSIS BY NSFX 18.07.2013
By:admin
High: Low:
Yesterday, the pair was rejected to the downside at the 200-day SMA, and today, it is testing the 100-day SMA to the upside at 0.9446, which is the first resistance level. The 100- to 200-day SMAs could very well define the daily trading range, but potential divergence in stochastics could lead to additional upside, where a test of the 50-day SMA would be the next level in scope. Weekly, we are still flirting with the trend resistance back from 2001.
R3 | |
R2 | |
R1 |
S1 | |
S2 | |
S3 |