- First chart is show with MACD. Crucial support in this chart is the 200 Day SMA. If 200 SMA is held MACD should give a buy signal.
- If the 200 SMA is held we may see a triangle pattern in google. Price has to sustain above 50 Day SMA for a possible up move towards the resistance line of the triangle.
- 20 and 50 Day SMA is showing a possible bearish setup. If price stays below 20 SMA we might get a trending move in favor of bears provided 200 SMA gets broken.
- EURUSD AT RESISTANCE LEVELS
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
May 2, 2012
GOOGLE Chart Analysis
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