Showing posts with label triple rejecting level. Show all posts
Showing posts with label triple rejecting level. Show all posts

Monday, January 21, 2013

EURUSD has formed Double Top Pattern

EURUSD has formed Double Top Pattern with neckline @1.3260

Pair has Support @1.3250 and Resistance @1.3340 Strong 1.3402 

Downwards
if Pair Breaks level @1.3250 then pair may test support near 1.310 & 1.30

Upwards

if Pair breaks Jan 14, 2013's high @1.3402 then it has Strong resistance @1.3485  which is 50% retracement of rally 2011-2012




Daily Chart 

Pair has formed regular bearish divergence with RSI 14(RELATIVE STRENGTH INDEX)



Wednesday, January 2, 2013

EURUSD has strong resistance @1.33

EURUSD has formed Pin Bar Setup in daily chart
It has Strong resistance @1.33 pair has broken level 1.3150 targeting towards 1.3 & 1.2950


Thursday, December 13, 2012

GBPUSD - 20121213

GBPUSD has strong resistance @1.6182 pair is moving in upside channel
Pair has rejected from this resistance level almost three times 
Recent news: S&P cut UK outlook to negative
US DOLLAR is slowly becoming stronger

if pair manage to break support @1.6060 then it may test next level 1.6 & 1.5914 (23rd Oct.2012's low )

Resistance :  1.6182, 1.6256
support:        1.6000, 1.5914