November 3, 2014

  • EURUSD Daily chart testing the recent lows
  • Weekly chart shows price at 78.6% Fib level
  • Month chart shows price testing crucial support zone. Pair is likely to hang around these levels for one or two months before moving up again. Bigger moves on the downside only if 1.20 levels are broken on closing basis. 

  • NIFTY Forms a full candle above the recent resistance zone.
  • Last MACD Buy signal continues to look good.
  • Possible resistance line shown in last chart.


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.


Blog Archive

Powered by Blogger.

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