EURUSD Support levels

 

• EURUSD Testing crucial support zone between 1.2748 - 1.2805
• Price at 200 Day SMA
• Daily chart is also approaching 38.2% Fib level.
• Breaking these levels could give an extended fall for EURUSD.
• COPPER TRIANGLE PATTERN

-->

COPPER Triangle pattern

• Copper weekly chart shows price moving towards the support line of the triangle.
• Daily chart shows price testing Golden ratio. Sustaining below Golden ratio should extend the down move towards 78.6% Fib level.
• Daily chart also shows a possible bearish cross with 20 and 200 SMA which will also extend the correction.
• For a bigger up move to happen the Triangle support line has to be held.

ES Chart analysis

 

• ES Daily resistance at 50 Day SMA and Price has fallen below 100 Day SMA. Sustaining below 100 SMA will lead to bigger falls.
• Crucial support levels are near 1393 and 38.2% Fib level in daily time frame.
• IWM WEEKEND UPDATE
• SLV WEEKEND UPDATE
• APPLE WEEKEND UPDATE

-->

NIFTY Futures selling zone

 

• Nifty futures struggling to cross the resistance zone between  5743 - 5756
• Nifty futures recent high was near the golden ratio for 5856 - 5613.
• Price may fall towards the GAP before moving up again. Bears need to close below the gap for a down move. Bulls need a close above 5756 NF.

NIFTY Chart analysis

• Nifty managed to close above 5 Day High EMA and 20 Day SMA.
• But price is yet to capture 5 Week High EMA on closing basis.
• 3rd chart shows nifty back into the earlier trading range thus not giving clarity for the bigger direction.
• Last chart shows price closing above Golden ratio of bigger time frame which is a big relief for bulls now.

SLV Weekend update

 

• SILVER Daily has closed below 200 Day SMA.
• Recent Stochastic sell signals in Weekly chart has performed well. Stochastic line is yet to cross below 50% line so more selling is to come.
• Last chart shows price near 20 week sma. Sustaining below this level should take price towards the crucial support zone between  25 - 26.
• IWM WEEKEND UPDATE
• APPLE WEEKEND UPDATE

-->