NMC/USD Technical Analysis – 4th April 2014

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Right now though, we've seen things settle across the board, with price ranging within a fixed range.

Looking at the NMC/USD chart below on the four hour timeframe (click to expand), we can see exactly what's happening:

I've performed the Fibonacci study from the high of the month at 2.45, to the low of the month at 1.66.

The downtrend's halt was as quick as the actual decline. A good indication of when there's a sudden halt is by looking at the Awesome Oscillator, since it can lag when something like this happens, in this case, we can see although there was a significant retrace, the AO was still red for a number of candles well into the retrace.

However, it's the Accelerator Accelerator An accelerator or startup accelerator is defined as fixed-term programs that look to foster investment, connections, sales, and education to kindle growth in a project.Most commonly this effort constitutes a public pitch event, demos, and other forms of marketing. Startup accelerators are most commonly associated with Silicon Valley, a global hub for investing and fintech.Startup accelerators however are a global phenomenon that privately funded as an investment fund. This nature of investing he An accelerator or startup accelerator is defined as fixed-term programs that look to foster investment, connections, sales, and education to kindle growth in a project.Most commonly this effort constitutes a public pitch event, demos, and other forms of marketing. Startup accelerators are most commonly associated with Silicon Valley, a global hub for investing and fintech.Startup accelerators however are a global phenomenon that privately funded as an investment fund. This nature of investing he Read this Term Oscillator in moves such as these that provide great benefit. This, , gives us an idea of a fresh retrace.

In this case, we saw how price retraced back to the 38.2% Fib level, and it's actually been trying to surpass that ever since, with a succession of candlesticks being told they're unable to pass.

With the Stochastics still heading up and far from being overbought, along with the Awesome showing bullish signs, I expect further tests over the next few candles, although, now that we have the AC as red, there may be a drop to the 23.6% Fib level at 1.85 before 38.2% is tested again.