March 3, 2015
- EURUSD Month chart continues to give new lows. Pair if falls below 1.10 levels are likely to give 1.07 levels in the short term.
- Weekly charts are getting ready for some positive divergence But more lows are likely before the MACD Positive divergence gets completed
- Daily is trending below the cloud. No reversal possible until price stays below the cloud.
- ES Chart update
- Silver range discussed yesterday continues to keep price within its boundaries. Price tested the range bottom but bulls managed to stay within the range.
- Weekly chart has a positive divergence But bulls not getting enough help from it. Daily is doing a falling wedge kind of pattern. If a positive breakout happens from this one the Weekly Divergence will look good.
- Death cross is Tata Steel Daily chart continues to be effective. Price sustaining below 50 Day SMA.
- For now though price is falling towards a crucial support zone at 332. This is also near the Golden ratio shown in last chart. If these two levels are held a Bounce looks possible. Things may get worse for bulls if price closes below 332 levels.