October 21, 2013

 
  • EURUSD Weekly chart shows price testing crucial resistance levels. More strength for EURUSD only on trading above 1.3711 levels. 2nd chart shows price trying to sustain above 200 Day SMA unlike the previous two attempts. Daily chart shows immediate support and resistance levels.
  • US Dollar Chart update
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  • APPLE Weekly chart shows price violating crucial resistance levels. Weekly close above 100 Week SMA and 38.2% will add strength for apple bulls. For trend reversal price must trade above the weekly cloud.
  • CRUDE Oil testing 200 day sma
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  • Crude oil daily chart shows price testing 200 Day SMA and 50% retrace level. 4 Hour chart shows weakness below 4 Hour cloud. Crude oil bears need a close below 200 SMA to extend gains towards the Golden ratio.
  • US Dollar Weekend update
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  • Bank of America testing a possible resistance line in daily chart.
  • Weekly charts though continues to show bullishness. Trading above 14.83 levels BAC is likely to move above the upper Bollinger Band.
  • US Dollar Weekend update
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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore