CHART-II
CHART-I
- First chart shows the Ichimoku cloud of 30 Minutes acting as stiff resistance.
- Second chart is a lesson for moving average users especially in a trending market. Plot two major moving average in this case i have used 50 and 100 period SMA. When the trend is strong the first moving average acts as resistance. Then the area between the first and second moving average too acts as selling zone.
- Trend usually changes or reverses when price moves above the second moving average in this case the 100 period SMA.
Dear Sir,
ReplyDeletePlease update usdinr charts. is there any -ve div on hourly? post in your free time.
@Nilesh
ReplyDeletei will look at the charts and do a post if i see anything interesting.