- Ford showed good upward momentum till now. But bulls are near crucial resistance levels like the daily Ichimoku cloud, 20 Week SMA and the Golden ratio. Weekly close above 20 week sma can sustain the upward momentum.
January 17, 2014
- Facebook daily chart shows a Bullish ascending triangle pattern.
- Second chart shows price near 20 Day SMA. FB Bears need a close below 20 Day SMA Which should take price towards 55 and 53 levels.
- Daily close above 58.96 level will give an ascending triangle breakout.
- EURUSD CHART ANALYSIS
All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.