January 5, 2013

APPLE Weekend update

  • Crucial resistance in daily chart is at 50 Day SMA.
  • APPLE Closed below 20 Day SMA.
  • Monthly candle continue to trade above 20 Month SMA. For bears of APPLE Price must trade below 20 Month SMA.

QQQ Weekend update

  • QQQ Daily chart is pausing at the golden ratio.
  • GAP in daily chart and 200 Day SMA will act as support in the short term.
  • Price closing above 20 Week SMA is also good sign for bulls. Sustaining above this level may lead to bigger gains.
  • Bears must hope for a close below 200 SMA for bigger falls to happen.

FACEBOOK Chart update

  • Daily chart shows price near resistance levels.
  • Hour chart is shown with 20 Hour SMA with the same resistance level.
  • Price holding above 20 Hour SMA may lead to a breakout. Weakness on hour closing below 50 Hour SMA.

USDJPY breaking resistance levels

  • USDJPY Month chart shows price breaking crucial resistance levels.
  • Price sustaining above 23.6% and 50 Month SMA could lead to bigger moves in this pair
  • Next crucial level in monthly chart is 94. If price sustains above 50 Month SMA this pair could test 94 levels in the short term.