SILVER Chart analysis

• SILVER Daily chart falling back to 50 Day SMA
• 4 Hour chart also shows Ichimoku cloud trying to support the fall. If cloud breaks deeper fall is possible.

NIFTY Support and resistance levels

 

• NIFTY Closed above 20 and 50 Day SMA. This level should now act as support.
• Line chart shows price still in a consolidation range. For bigger move price has to resolve this pattern.
• Weekly chart shows price above 5 Week High EMA. Only a closing value above High EMA will confirm strength.

QQQ Resistance levels

 

 

• QQQ Near 200 Day SMA.
• Four hour chart shows price near Ichimoku cloud.
• Fibonacci levels shows price above 38.2% Fib level. Up move may extend towards 50% Fib level.
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