December 24, 2012

EURUSD Trend update

  • EURUSD Daily chart is testing the breakout above the resistance levels.
  • Daily chart shows negative divergence. During trending moves divergence doesn't work well.
  • Price sustaining above crucial moving averages. Weakness on price falling below 20 day sma.
  • APPLE WEEKEND UPDATE
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FACEBOOK Chart update


  • Daily chart shows price at lower bollinger band which may result in a bounce.
  • MACD sell signal is doing well so far as price breaks the range. For bears price has to sustain below 23.6% Fib level for more falls.
  • If price gets back into the range we may see a rally for the false breakdown.
  • APPLE WEEKEND UPDATE
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BANK Nifty intraday analysis

 
  • Daily MACD is showing a sell signal But price yet to break below daily range or 20 Day SMA.
  • Weekly chart is also showing price above crucial support levels as shown in last two charts. These two levels in weekly has to break for a bigger down move to happen.
  • NIFTY WEEKEND UPDATE
  • BANK NIFTY LIVE CHART- 5 MINUTES TIME FRAME
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