EURUSD Update

• EURUSD Falling towards 50 Day SMA.
• Breaking below 50 SMA and 1.3096 will extend this fall
• Fibonacci levels shown in daily chart may act as important support levels if the fall extends.
• S&P 500 ANALYSIS AFTER CLOSING BELL
  

ES Resistance and Fibonacci levels

• Price in a range just below 200 Hour SMA. Unable to break and sustain above this level in a correction.
• Range is between 50% - Golden ratio. Hour closing outside this range may result in a good move.
• S&P 500 ANALYSIS AFTER CLOSING BELL
  

NIFTY Hour channel Updated

UPDATED CHARTS

• Price has moved above the resistance line shown in the below chart. If 50 Hour SMA is held price may move towards the resistance levels mentioned in the above chart.

CHART-I

• Nifty has to trade above this resistance line or channel to continue this up move.
• Failing to breakout will lead nifty towards the morning GAP.

NIFTY Chart Analysis

NIFTY WEEKLY CHART

• Nifty daily shows price at oversold levels and testing previous support resistance levels. So a bounce may Happen from 200 Day SMA. But weekly chart looks overbought and closed below 5 Week High EMA. If the bounce does not takeout 5 Week High EMA we may get a selling opportunity at higher levels.
• S&P 500 EOD ANALYSIS
  

S&P 500 Analysis after closing bell

• Long shadow of the weekly candle shows buying on dips. If bears doesn't get a bearish day tomorrow this week may close with new high's for bulls.
• Daily chart came back and closed above 20 SAM.
• Four hour chart shows price testing the cloud which gave support and the primary trend looks safe as of now.