March 5, 2015

  • EURUSD 4 Hour chart shows price breaking the recent low.
  • Month chart continues to favor bears of this pair. 1.07 levels are likely to be tested soon
  • Daily chart shows pair selling off or becoming weak as it nears the cloud.
  • Weekly upper shadows and Bearish Engulfing patterns are giving some hope for bears.
  • But bears need to stay below 8913 and 8885 on closing basis to extend this correction
  • Bulls need to stay above 8965 levels to negate this bearish price action. 




Disclaimer

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.

Followers

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