Technical Analysis

Feb 13

TECHNICAL ANALYSIS BY NSFX 13.02.2017

HIGH:1.0659 | LOW:1.0612

Support in the 1.06 figure area coinciding with the 50 day SMA could stop bearish action. Should the Euro be backed then the 1.07 figure level which coincides with the 100 day SMA could provide resistance. Breakouts could target 1.0820 on the upside, or the 1.0560 and then the 1.0520 area level on the downside.[...]

Feb 09

TECHNICAL ANALYSIS BY NSFX 09.02.2017

HIGH:1.0648 | LOW:1.0637

The Euro has fallen steadily this year to date with support found above the 1.06 figure level so far. There could be interest at the June 2016 level low of 1.0613 should prices push lower. Beyond that the 1.06 figure level and then the 1.0530 area could prove interesting targets for bearish traders. Resistance could[...]

Feb 07

TECHNICAL ANALYSIS BY NSFX 07.02.2017

HIGH:1.3203 | LOW:1.3078

The supporting trendling connecting the lows in May, June and August of last year has seen renewed interest in the Greenback against the Loonie pushing prices higher as traders took a bullish interest. The current resistance being met at the 1.32 figure could halt the progress with some profit taking to slow down the gains.[...]