May 31, 2010

EURO VS USDOLLAR HOURLY TRIANGLE


  • TRIANGLE IN EURO VS USDOLLAR INDEX I AM EXPECTING THIS TO BREAK ON THE UPSIDE.
  • MACD MAY GIVE AN EARLY INDICATION.
  • HAVE THE BOTTOM TREND LINE OF THE TRIANGLE AS STOP LOSS.
THANK YOU

EUR VS CAD FALLING WEDGE PATTERN


  • EURO VS CANADIAN DOLLAR HAS FORMED A FALLING WEDGE KIND OF PATTERN WITH AN UPSIDE BREAK OUT POSSIBILITY.
  • IF 1.29500 IS TAKEN OUT IT CAN GO UP TO 1.31500
THANK YOU

EURO VS USDOLLAR MOVING IN A CHANNEL

WEEKLY

HOURLY CHART

  • EURO VS US DOLLAR INDEX IS MOVING IN AN UP MOVING CHANNEL AND CAN GO  UP TO THE TOP OF THE CHANNEL AT 1.26000

US DOLLAR VS SWISS FRANC BULLISH CONTINUATION PATTERN

UPDATED CHART OF THE BELOW ONE

  • USDOLLAR VS SWISSFRANC HAS CREATED A CONTINUATION PATTERN IN THE HOURLY CHART.
  • THE HOURLY CHART IS IN UPTREND TILL NOW. A SIDEWAYS CONSOLIDATION IS GOING ON.
  • MOST LIKELY IT WILL BREAK ON THE UPSIDE GIVING 0.065 POINTS
THANK YOU

US DOLLAR VS CANADIAN DOLLAR TRIANGLE BREAKOUT


  • US DOLLAR CANADIAN DOLLAR WEEKLY TRIANGLE BREAK OUT.
  • TRADING ABOVE 1.03000 THIS MAY MOVE TILL 1.28000
THANK YOU

NIFTY HOUR CHART FIBO LEVELS IN ACTION


  • NIFTY HOUR DID NOT CLOSE BELOW 5048 (61.8%)
  • FIRST TARGET OF 5080 IS ACHIEVED
  • A DAILY CLOSE ABOVE 5080 WILL LEAD TO 5120(78.6%)
THANK YOU

NIFTY TREND LINE BREAK TRADE AND FIBO LEVELS

NIFTY BEARISH VIEW
NIFTY BULLISH VIEW


  • NIFTY CLOSING BELOW 20 HOUR SMA WILL SURELY BREAK 5000.
  •  ABOVE 5050 IT IS POSITIVE AND NIFTY WILL TARGET 5080 AND 5120(78.6% FIBO LEVEL)
THANK YOU

NIFTY HOUR TREND LINE BREAKS

NIFTY HOUR

  • NIFTY HOUR BREAK THE TREND LINE
THANK YOU

NIFTY HOUR FIBONACCI LEVELS

NIFTY HOUR CHART

  • IF 5180 IS HELD THE NEXT TARGET IS AT THE 78.6 LEVEL WHICH IS 5120.
THANK YOU

NIFTY HOURLY TREND LINE TRADE

NIFTY HOUR

  • NIFTY IS CLOSE TO AN IMPORTANT TREND LINE IN THE HOURLY CHART
  • ONE CAN MOVE A GOOD MOVE ON EITHER SIDE. IF IT BREAKS A GOOD SHORT TRADE IS AVAILABLE.
  • ON THE CONTRARY A MOVE ABOVE DAY'S HIGH  ONE CAN INITIATE A LONG TRADE WITH DAY'S LOW AS STOP LOSS.
  • ONE CAN ALSO USE THE 20 HOUR SMA FOR FINE TUNING
THANK YOU

US DOLLAR INDEX WILL FACE STILL RESISTANCE AT 88

US DOLLAR INDEX WEEKLY VIEW

  • US DOLLAR INDEX WILL FACE RESISTANCE FROM A TREND LINE THAT WILL MEET THE PRICE AT AROUND 87-88 REGION.
THANK YOU

DLF BULLISH REVERSAL IN DAILY CHART

DLF LTD DAILY CHART

  • DFL IF NOT RESISTED BY THE 20 DAY MOVING AVERAGE AT AROUND 286 THERE IS EVERY CHANCE OF THIS STOCK MOVING TO 300+ REGION.
  • IF THE CONVERGING MACD GIVES A BUY SIGNAL THAT WILL ADD TO THE STRENGTH OF THE CURRENT MOVE.
THANK YOU

THE NEVER ENDING IFCI CONSOLIDATION

IFCI DAILY LINE CHART

  • IFCI HAS BEEN CONSOLIDATING FOR MONTHS NOW.
  • ONE THING IS SURE SINCE THE CONSOLIDATION IS LONG WHICH EVER SIDE THIS ONE IS GOING TO BREAK OUT THERE IS GOING TO BE A LARGE MOVE. OF COURSE BASED ON THE VOLUME.
THANK YOU