- US Dollar Hour chart is in correction mode after good up move.
- If this correction does not break below 50 hour moving average we may see Price breaking above the upper resistance line of the small descending channel.
- Price should sustain above 81.50 for good up move to happen.
- Breaking below 50 hour moving average and the support line will be negative for US Dollar.
- ES DAILY CHART ANALYSIS
January 11, 2011
All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.