DAILY CHART
DAILY CHART - LINE
- Dow jones closed above its 10 day and 20 day SMA
- But it has some more distance to go for the 200 day moving average.
- The falling wedge shown here in line chart has been quite effective.
- The fibonacci level of 23.6 has been conquered. Now dow is moving towards the 38.2 retracement level.
Hi didn`t know this blog... Nice stuff
ReplyDeleteHi traders!! - EURUSUD
Trend bearish all time frames, but test this week important suport monthly box [1.1575,1.1890].
Until now any signal for a temporary bottom at this levels, but i change my view this week, Strong Bearish to Bearish neutral, because this cross test important suport/box montly chart.
Key number short-term 1.2350 below key expect new lows target 1.1750 ( look to chart fibonacci areas>> perfect testing upside and dowside).
Last session possible temporary top is formed 1.2152 because for now, resistance hourly range [1.2154,1,2165] and daily chart [1,2154,1,2178].
If close hourly above 1.2178 new resistance range [1.2233,1.2250].
Suport hourly 1,20 and range [1.1940,1960]. Close hourly below 1.1960 expect more damage first target last low 1.1875 and second target 1.1750.
Nothing new follow the pattern of last weeks. Pattern??
Looking to daily chart EURUSD tested friday last suport box now resistance this pattern have 6 weeks.
Friday test EMA 21 represent for now important resistance.
Enjoy your sunday have a nice week.
http://followmarketrend.blogspot.com/2010/06/eur-usd-market-report-13062010.html