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Technical Analysis
TECHNICAL ANALYSIS BY NSFX 27.03.2016
HIGH: | LOW:
The pair is developing a short term bullish trend and another bearish wave may materialize below 1.4 with test the recent lows at 1.38. Beneath this level GbpUsd could test its multiyear low during the financial crisis 2008-2009 in area 1.34. Above its 21SMA daily, now at 1.4243 the rate may reach the supply line[...]
TECHNICAL ANALYSIS BY NSFX 27.03.2016
HIGH: | LOW:
The commodity on the weekly chart rose consolidated above its 21SMA weekly. The most relevant thing however is the breakout of the long term supply line generated on June 2014. The commodity may test 53, 67 and then 70. In case of a retracement below 36 UK Brent should test again area 27 but beneath[...]
TECHNICAL ANALYSIS BY NSFX 27.03.2016
HIGH: | LOW:
The bullish wave started last December probably is ended if the shiny metal will reach area 1,148 as this price level is very relevant: there is the 200SMA, the 61.8% Fibonacci retracement and also the dynamic demand line that links higher lows. Beneath this level Gold may test its multiyear lows in area 1,043. A[...]