- EURUSD Daily chart shows price nearing previous resistance zone which may act as support.
- Second chart also shows price near rising support line.
- Weekly chart shows price near 200 Week SMA.
- ES Descending Triangle pattern
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
November 1, 2013
EURUSD Support levels
ES Descending Triangle pattern
- ES one hour chart in a descending triangle pattern. For bears price must sustain below 200 Hour SMA for a bigger down move to happen. The ascending triangle on the left side has done well.
- For bulls of ES price must trade above the hourly cloud.
- SPY Analysis after closing bell
ES Support levels
- ES one hour chart shows bulls trying to hold above crucial support zone. Price is testing the 200 period SMA in hourly chart which is giving support for now. Hour chart also shows a bearish head and shoulders pattern.
- SILVER False breakout
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