January 25, 2011

QQQQ Fibonacci levels

  • QQQQ Hour chart with Fibonacci levels.
  • Price is getting resisted near 56.45.
  • Resistance is near the 50% Fibonacci level in hour chart.

ES Diamond pattern

S&P 500 FUTURES HOUR CHART
ES DAILY CHART
  • ES Hour chart is showing a diamond pattern which looks bearish for now.
  • Daily chart is still trading above the supporting trend line. So weakness can sustain only if the trend line in daily chart gets violated.
  • Up trend will continue if the resistance line gets broken
  • EURUSD NEAR GOLDEN RATIO

TATA MOTORS Triangle pattern

  • Tata motors daily chart is showing a consolidation triangle pattern.
  • Levels to watch out on a breakout from triangle pattern are 1209 and 1155 another support level is 1140.
  • Breakout above 1209 may find resistance at the 50 DMA.
  • CRUDE OIL WEEKLY CHART ANALYSIS

EURUSD Towards golden ratio

  • EURUSD pair is in retrace mode for its fall from 1.42 level to 1.28 area.
  • price has crossed the 50% retrace area and may hit the golden ratio around 1.3740 level.
  • 1.3740 level is a price pivot zone so this may act as resistance for some time.
  • CRUDE OIL WEEKLY CHART ANALYSIS