MICROSOFT Resistance levels

• Microsoft weekly chart shows previous low acting as resistance.
• Daily chart shows price resistance at Daily cloud top and 38.2% Fib level.
• Confluence of resistance stopping bulls from moving up. Only a weekly close above these levels can add momentum for bulls. Weakness here may lead to a fall towards 27.0 again.
• APPLE WEEKEND UPDATE

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FALLING Wedge of EURUSD

• EURUSD 4 Hour chart shows a falling wedge pattern.
• For bullish trades on EURUSD Price must sustain above 50 Day SMA.
• Immediate resistance levels for the pullback is shown in the last chart fib levels.
• GLD WEEKEND UPDATE

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NIFTY Intraday update

• Nifty hour nearing the falling resistance line from 6111 levels.
• Hour chart with fib levels shows price nearing 50% and Golden ratio. 
• Above mentioned levels must be crossed for a bigger pullback to happen.

NIFTY Chart analysis

• Middle bollinger band, 100 Week SMA and 50% Fib level are immediate support levels for nifty. If nifty takes support here a bounce towards 5970 levels looks likely to happen. Correction from there may give a Head and Shoulders pattern in nifty.

MCX Crude oil update

 

• First chart shows price testing crucial support level.
• Support zone in daily chart is also near 23.6% Fib level.
• If the recent price action in daily chart is to repeat we may see a bigger correction in crude oil. For bears of crude oil need a close below 50 Day SMA for the above mentioned scenario to play out.
• EURUSD WEEKEND UPDATE

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