My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
September 21, 2012
NIFTY Chart analysis
- Price showing weakness near golden ratio.
- Weekly line chart too shows price near crucial support resistance level.
- Week high EMA at 5511 is a crucial level. Closing the week above this level will keep the bullish options intact.
- Last chart shows another monthly candle loosing gains. Unable to close the month above 5 Month High EMA will be negative for bulls.
ES Chart update
- ES 4 Hour chart found support near the cloud and 50 period SMA.
- price is now near resistance levels. The recent trend of breaking resistance levels may continue but bears must hope that the recent high act as resistance.
- EURUSD CHART ANALYSIS
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