FORD chart analysis

• Ford one hour chart shows an inverted head and shoulders pattern.
• Price need to stay above 200 Hour SMA for the pattern to work well for bulls of Ford.
• Bearish if price falls back below the hourly cloud again.
• BANK OF AMERICA CHART UPDATE

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ES Chart update

• ES one hour testing crucial support line. Price must stay above this line to avoid a bigger fall.
• One hour chart shows resistance at 50 and 100 Hour SMA. Price must get back above 100 Hour SMA and the hourly cloud to avoid bigger correction.
• BANK OF AMERICA CHART UPDATE

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TATA Steel chart analysis

• Tata steel weekly chart shows price approaching crucial resistance line and 78.6% Fib level. One has to wait for a weak candle in weekly chart before entering shorts here as the bullish momentum is still intact.
• Hour chart shows crucial levels for weakness. Trading below 376 and 50 Hour SMA will hint of weakness. 

Bank of America chart update

• Bank of america daily chart shows price closing above crucial resistance zone at 15.03.
• Weekly chart shows crucial resistance at 15.28. Price need to sustain above this level on closing basis to extend gains.

EURUSD resistance zone

 

 

• EURUSD Testing a crucial resistance zone. Price need to close above 50 Day SMA to extend the current up move.
• Failing to close above 50 SMA and breaking the rising support line would resume the fall in this pair.