My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
July 11, 2013
FACEBOOK Resistance levels
- Facebook Daily chart shows price nearing multiple resistance levels.
- For the up move to sustain price must close above the falling resistance line from 32.50 levels.
- Above 100 Day SMA price should move towards the resistance line. Weakness if price is unable to close above 100 Day sma
- HEWLETT PACKARD CHART ANALYSIS
Hewlett Packard Chart analysis
- HPQ Daily chart shows price testing a possible resistance line. This line must be crossed for a bigger up move to happen.
- Second chart with Fib levels in weekly chart shows price testing 78.6% Fib level. This level must be crossed on weekly closing basis for a possible move towards 30 Levels to happen.
- Monthly chart too shows price inching up towards upper Bollinger band which is near 30 Levels.
July 10, 2013
EURUSD Support and Resistance levels
- First chart shows price moving towards falling resistance zone. Price continues to trade below 50 period SMA in four hour chart.
- Daily chart shows price at make or break levels. If the above mentioned resistance levels are not taken out soon a breakdown looks possible.
- ES CHART ANALYSIS
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