 |
| Technical Outlook for Facebook 1-7-2015 |
Facebook moved yesterday in the average movement of 108 pips, its highest level at 86.51 and the lowest Level at 85.53 and closed at 85.74 to lose 67 pip during Friday’s Trading.
Facebook is moving in a series of up impulse waves after breaking the triangle which leads it up to new highs
Facebook share achieved our target at 86.20
It is expected that facebook share is heading targeting 84.30 as the target on time frame of four hours to make a little of correction and till now we see the Bulls control on market direction
And the Relative Strength Indicator "RSI" show us starting of accumulation operations at the market
Today we could see sharp trading because of the economic data from USA
Support levels: 85.34 and 84.94 and 84.36
Resistance levels: 86.32 and 86.90 and 87.30
For More Technical Outlook FxStations
0 comments:
Post a Comment