- EURUSD Daily chart trying to stay above 78.6% Fib level.
- For a reversal price must move back above 200 Day SMA.
- Price falling below 1.28 levels may take price towards 1.26 levels.
- ES CHART ANALYSIS
March 20, 2013
- Apple hour chart shows 50 and 200 Hour SMA aligning for a bullish cross. Another way of looking at it is if price falls back below 200 and 50 Hour SMA then 50 Hour SMA instead of doing a bullish cross may do a fast fall.
- 50 period SMA of 4 Hour shows price above the SMA. Recent falls below this moving average has resulted in big corrections and expecting the same to continue if price falls below it again.
- Price testing crucial weekly support level near 332 - 333 levels.
- Second chart shows price forming bearish weekly candles below 5 Week High EMA. Stock will continue to stay weak below this level.
- Last chart shows turnaround levels. Above 362 current down trend will become weak. Further weakness below 332
- AIRTEL HEAD AND SHOULDERS PATTERN
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