February 27, 2013

FORD Motor Chart analysis

 
  • Ford Motor in a descending channel and price approaching the up trend line as shown in the first chart.
  • Second chart shows price falling towards 100 Day SMA.  Last chart shows price testing 38.2% Fib level. 
  • This correction is likely to end at the up trend line or 100 Day SMA and a Bounce towards 23.6% Fib level is likely to happen.
  • EURUSD CHART ANALYSIS
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