My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
December 31, 2013
December 30, 2013
ES Chart Analysis
- First chart shows price nearing 50 Hour SMA. First signs of weakness if price starts to trade below this line. Second chart shows price giving bullish breakouts and trending above the Hourly cloud.
- Bears are hoping for the Setup in daily chart to work for starting a correction.
- FACEBOOK Bearish Weekly candle
BANK NIFTY Golden Cross
- Bank Nifty Daily chart is about to do a Golden cross.
- Second chart shows the recent crosses which has given good price moves So the chance of a whipsaw happening is higher.
- Weekly chart looks overbought and testing golden ratio, 50 Week SMA. Price must stay above these levels for the bullish event to perform well.
- EURUSD Hits Monthly Resistance line
- BANK NIFTY LIVE CHART- 5 MINUTES TIME FRAME
December 29, 2013
BLACKBERRY Weekend update
- Blackberry weekly chart shows price pausing at the 20 Week SMA. Daily chart shows price testing the daily cloud which has to be crossed for a bigger p move to happen.
- 2nd chart shows a Bullish MACD cross in weekly chart, For this setup price must stay above the falling resistance line shown in the same chart.
- FACEBOOK Bearish Weekly candle
December 28, 2013
FACEBOOK Bearish Weekly Candle
- Weekly candle looks like a Gravestone Doji. The candlestick lacks perfection because of the small lower shadow still it looks bearish.
- Daily MACD is showing bearish alignment. Price is approaching crucial support lines and 23.6% Fib level. These support levels should break for the bearish scenario to play out.
- EURUSD Hits Monthly Resistance line
December 27, 2013
EURUSD Hits Monthly Resistance line

- EURUSD Testing the resistance lines in Month and Weekly time frames.
- Bullishness for the pair only on a weekly and Monthly close above these lines. For now price is getting rejected at these resistance lines. Bearish weekly close may confirm weakness for the pair.
- SILVER Support and Resistance levels
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