Technical Analysis

Apr 11

TECHNICAL ANALYSIS BY NSFX 11.04.2017

HIGH:1258.88 | LOW:1253.09

Gold has been trading within a range for almost 3 weeks now between the 1240 and 1260 support and resistance areas. Beyond the test higher on the 7th of April where we say a spike to 1271 we could see the trendline resistance connecting the July, August, September and November highs come into play currently[...]

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[...]