My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
December 5, 2012
EURUSD Resistance levels
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEizEcMC7CaQq2Od2pma3a9YiWaL_MnsgxAvPckpLMp594xvmC5xnnC-2f1th0xVtSlZszCdeZRzp05f3QOQ8-6ABXRKjUlJJRsIMskvC0rUOHgDmXfBID8KxmQPs_5XDwRZvNQmX6LR9rs/s640/eurusd+weekly+resistance+line.gif)
- EURUSD Daily chart shows resistance zone between 1.3140 - 1.3168. EURUSD Bulls need a daily close above this zone for a possible up move.
- Weekly chart shows 38.2% Fib level stopping a bigger up move till now.
- Last chart shows price violating the falling resistance line from 1.49 levels. Weekly close above 38.2% Fib level should result in a bigger up move.
APPLE Support and Resistance levels
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXkI3lv6RnvTSytfjpOPCSkwhqq_L-CUovA5joL2A8w_P7Wb84eEXhFNcj9rV1H6OYLN-Z_-e2o0nb4pgWPRVcw-A6lR_FrkLPHt0vDj9YBrV9y5C46B5jMInuBZwY0RXMdXb_IxCBheQ/s640/APPLE+WEEKLY+SUPPORT.png)
- Crucial resistance levels in daily chart are 50 and 200 Day SMA.
- Daily charts indicators are at overbought zone which will be effective if price starts to trade below 20 Day SMA.
- Weekly candle is testing 50 Week SMA. A weekly close below 50 Week SMA Should resume the fall.
- DOW JONES ANALYSIS AFTER CLOSE
BANK NIFTY Target and resistance line
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgeOQJCbZegfWp_rOAVX2U6AyzPQGRuk-MnnD2bg4rItwrgjuUQSrf7mcbBIhBt797P6nF-8tcPfM5IVclJF6W_SLAbNx3OoKiu995vtJfn4bOABQ7HEeCdkfvQ36_LZZnniZy7vCY44qE/s640/BN+WEEKLY+FIBS.png)
- Bank Nifty Daily chart shows the range breakout target which comes to about 12365.
- Bank nifty already testing a resistance line which was discussed few weeks back
- For bulls price should sustain above the resistance line and 80% Fib level for a bigger up move to happen.
- BANK NIFTY LIVE CHART WITH AUTO REFRESH
- DOW JONES EOD ANALYSIS
DOW JONES Analysis after closing bell
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGhgHOLTEI_O-Yz8kaWQv92UznXQYnVBe0t8CkEQSOu7FeqaBRS_bir83Fqa3LTvBTMqazUfUhjIKnrtpzfFUdBAhsoJrUIeMFH7OvUPm7IQYS2O1LRD531fP11A9MYN7ooepLJF3OMNE/s640/dow+jones+support.gif)
- Dow Jones unable to move above previous support zone will favor bears. Bulls of Dow need a close above 12977 - 13038 zone and above 200 Day SMA for things to turnaround.
- 50 Day SMA falling towards 200 SMA is also negative for bulls.
- Possible breakdown again if price breaks below 20 Day SMA.
- COPPER TRIANGLE PATTERN
COPPER Triangle pattern
- Copper weekly chart shows price moving towards the resistance line of the triangle pattern.
- Daily chart shows price testing the daily cloud and resistance line. For bulls Price should breakout above the resistance line and cloud for a move towards the weekly resistance line.
- Price is expected to stay inside this weekly price contraction for one or two months before it breaks out of this big triangle pattern.
- SILVER TRIANGLE PATTERN
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