My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
April 8, 2013
ES Chart analysis
- ES four hour chart testing the broken channel's support line.
- Price also reacting from 100 period SMA of four hour chart which acted as support.
- Last chart shows crucial fib levels in one hour time frame.
- FACEBOOK RESISTANCE LEVELS
- FORD WEEKEND UPDATE
EURUSD Resistance levels
- EURUSD Nearing a Death cross.
- Price is trading near 50 Day SMA. Sustaining below this line should favor bearish trades on this pair.
- Immediate resistance levels are 1.3037 - 1.3049 area, 38.2% Fib level and 50 SMA.
- FACEBOOK RESISTANCE LEVELS
- FORD WEEKEND UPDATE
FORD Weekend update
- Ford weekly fib levels shows price taking support at 38.2% Fib level.
- Second chart also shows price hitting the support line from 8.82 level.
- Last chart is a bearish one which shows price closing below 20 Week SMA. Weekly MACD also shows a sell signal. Price sustaining below 20 Week SMA may lead to bigger down moves.
- IWM WEEKEND UPDATE
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