- Silver hour chart is showing a bearish engulfing pattern.
- Price is getting resisted at 50% Fib level of the fall from 31.275 to 28.325
- Immediate support and resistance in hour chart is 29.845 and support at 29.155
- Break above 29.84 will negate the negative effects of bearish engulfing in hour chart.
- Break below 29.155 will favour the bears.
- US DOLLAR TECHNICAL ANALYSIS
- Bidu is trading above 50 day moving average.
- Price has also given a breakout above the resistance line in daily chart.
- First target for this breakout is 111 area.
- US DOLLAR TECHNICAL ANALYSIS
- ES Daily chart with important support levels.
- If correction continues ES may get support near 1276.75 or 1273.70.
- US DOLLAR TECHNICAL ANALYSIS
- Nifty has started an up move after finding support near 5690 level, Line chart shows the u turn made by nifty.
- Up move can only increase momentum if nifty closes near 5 day high ema.
- There are many resistance levels on its way up. 50 DMA and 61.8% Fib level is at 5995.
- US DOLLAR TECHNICAL ANALYSIS
- US Dollar daily chart is trading near its 50 day moving average.
- If price closes below its 50 day moving average dollar may drop to 79.025
- If USD gets support here we may see an up move.
- Hour chart is looking weak with price trading below its 50 hour moving average
- USDJPY DIAMOND PATTERN
- Crude oil weekly chart with price trading in a range.
- 92.57 is the resistance level and 86.86 support level.
- We may see a 5 Dollar move towards the side of the breakout. Till then Crude may trade within this range.
- USDJPY Four hour chart with a diamond pattern.
- If price breaks 82.66 we may see good correction in this pair.
