February 17, 2011

EURUSD Resistance line

  • EURUSD four hour chart with resistance line.
  • Resistance line drawn above has worked quite well till now.
  • If price gets stalled here this line can give a correction again.

Bank Nifty Futures near 50 DMA

CHART-III
  • Range resolved on the upside.
CHART-II ( RANGE IN 15 MINUTES CHART)
CHART-I (DAILY CHART)
  • Bank nifty futures is trading near 50 day moving average.
  • If price sustains below 10900 we may see a correction.
  • Break above 50 dma will give good up move.
  • 15 Minutes shows a range which should be resolved for a clear direction to emerge