November 24, 2013

  • Facebook daily chart testing the cloud and crucial support zone between 45.26 - 45.72. For bigger falls price need to break and close below the cloud.
  • Resistance is seen at  50 and 20 day SMA. These two moving averages has given a bearish cross which will act as a resistance zone..
  • GOLD Trend update
  • EURUSD 4 Hour chart shows price nearing crucial resistance zone. EURUSD Bulls need a daily close above 200 period SMA for a bigger up move to happen.
  • There is a higher low formed at 23.6% Fib level as shown in last chart. So chances of a breakout above the resistance levels are high.
  • GOLD Trend 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