My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
June 27, 2011
SLV Intraday Update
- SLV Daily time frame is testing an important support level.
- Price closing below 32.76 will favor bears.
- Price continue to stay below 50 and 20 day moving averages.
- SLV will continue to trend down if it stays below 20 DMA and below 32.76 level.
- S&P 500 WEEKEND UPDATE
EURUSD Triangle Pattern
- EURUSD Daily chart is near the support line of the triangle pattern
- If price gets support here it may start to move up towards the resistance line of the triangle.
- For now price is below the 20 week moving average which is negative for the pair.
- S&P 500 WEEKEND UPDATE
TATA MOTORS Analysis
- Tata motors May form a bottom formation at the current levels.
- If the Golden ratio and Hammer holds we may see the stock moving up soon.
- One can wait for Price to close above 20 day moving average to buy the stock.
- NIFTY WEEKEND UPDATE
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