RIMM Chart Analysis

• RIMM Daily chart testing 100 Day SMA.
• For a bigger up move price has to breakout above the cloud.
• Immediate resistance level  is at 14.99.
• Closing above the cloud may give 17.30 levels. Unable to close above 100 Day SMA should result in a fall towards 12.55 levels again.

EURUSD Resistance levels

• EURUSD Daily chart with resistance line and 200 day sma.
• For an upper breakout to be effective price has to sustain above 200 SMA and the Resistance line.
• US DOLLAR AT SUPPORT LINE

S&P 500 Futures hour chart analysis

• ES One hour chart with 50 Hour SMA and cloud as possible support levels.
• Breakout above the resistance line shown in first chart should extend the move towards 1410 levels and above.
• BULLISH ENGULFING OF QQQ

Selling zone of SILVER

• SILVER near the resistance line and Ichimoku cloud. If price is able to break above these resistance levels Price will enter the selling zone.
• The area between 100 period SMA and 200 period SMA will continue to  act as the  selling zone until price breaks above the 200 SMA.
• US DOLLAR AT SUPPORT LINE

Nifty Hour chart analysis

• Nifty must cross 200 Hour SMA and 50% Fib level on closing basis to extend this up move.
• Next possible resistance is the Golden ratio.

RELIANCE Chart Analysis

 

• 3rd chart shows bollinger band contraction which should result in a bigger move soon.
• Price closing above 750 should give an up move towards 762.  breaking above 762 should give an up move towards 200 day SMA.
• For bears the number to lookout is  723.
• US DOLLAR AT SUPPORT LINE
• USDINR CHART UPDATE
• NIFTY WEEKEND UPDATE

US Dollar at support line

• US Dollar hits important support line.
• Getting support here should result in good up move.
• Breaking and closing below 200 SMA should result in good correction.
• BULLISH ENGULFING OF QQQ