US DOLLAR WEEKLY CHART
- Possible reversal pattern developing in weekly chart of US Dollar.
- Resistance level is around 76.59.
- Price is staying near the resistance line from the high of 88.90. So Dollar has to break above this resistance line for it to do a successful breakout from Ascending Triangle pattern.
CHART-II
- Price broke the support level of 133.39 and made a low of 133.11.
- further fall only if day low (133.11) gets broken again.
CHART-I
- SPY has been getting support near 133.39 level.
- Resistance is at 134.10 level.
- Price will be in a range until this level gets resolved.
HOUR IN A CHANNEL
DAILY CHART
- Nifty support level in 15 Minutes chart.
- 5605 - 5612 has been tough to break. Bears may be able to extend gains if this level gets broken.
- HDIL daily chart is trading in a triangle pattern.
- Price may move towards the bottom support line soon.
- Since price is trading near the apex of the pattern we may see a breakout in 1 or 2 weeks.
- Price is below 200 DMA so a breakdown of the triangle may give a good short trade.
- Breakout above the resistance line can take price to its 200 DMA.