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Jul 12

TECHNICAL ANALYSIS BY NSFX 12.07.2013

By:admin

High:  Low: 

The pair has been struggling to find guidance within the Ichimoku Cloud, but has for the past 10 trading days been stuck inside and the Kinjun-Sen is indecisive. Yesterday, the pair closed below the 50-day SMA which could give bears the upper hand and a re-test of the Cloud Base at 98.15 is likely. A break below would open up for a test of the 100-day SMA at 97.87.

R3
R2
R1
S1
S2
S3