November 24, 2013

FACEBOOK Weekend update



  • Facebook daily chart testing the cloud and crucial support zone between 45.26 - 45.72. For bigger falls price need to break and close below the cloud.
  • Resistance is seen at  50 and 20 day SMA. These two moving averages has given a bearish cross which will act as a resistance zone..
  • GOLD Trend update
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EURUSD Weekend update

 
  • EURUSD 4 Hour chart shows price nearing crucial resistance zone. EURUSD Bulls need a daily close above 200 period SMA for a bigger up move to happen.
  • There is a higher low formed at 23.6% Fib level as shown in last chart. So chances of a breakout above the resistance levels are high.
  • GOLD Trend update
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