Bear Flag of US DOLLAR

• Bear flag breakdown for US Dollar.
• Dollar will get weaker if price breaks 77 level.
• Price may rebound only if 77 level holds.
• TREND LINES OF SPY
  
  

APPLE Near 50 hour moving average

• Apple hour chart with 50 hour moving average.
• Price is testing the moving average line. But stock has support near 348 levels.
• 50 hour moving average has been giving good support till now. Dips below this moving average has been bought So we may see the price turning up from 348 levels.
• Below 348 next stop is at 345
• SPY CHART ANALYSIS
  
  

QQQQ Support and resistance levels

• QQQQ 15 minutes chart withe resistance lines in red and the supporting trend line in blue color.
• Break of red lines shows the steady up move QQQQ has been doing. If price breaks the red line again it will take one more step in favor of bulls.
•  Break of the supporting trend line will be negative for the bulls.
• TREND LINES OF SPY

Trend lines of SPY

• First chart is the daily chart of SPY shown with the trend line in daily chart. Bulls will remain strong above this trend line.
• Next chart shows the channel in weekly chart. Price is moving towards the resistance line of the channel. If price does not violate the trend line drawn in daily chart it will target the resistance line shown in weekly chart, which can take SPY above 139 levels approximately.
• Weakness will be seen only if the trend line in daily chart gets violated.

Nifty daily analysis

• Nifty closes above 20 day moving average. 
• 38.2 Fibonacci retrace level is also achieved.
• Now comes another band of resistance for nifty this is from 5556 - 5635 levels this is including the 200 DMA. So a successful close above this level will add to the strength of the pull back.
• For bears they should consider this as a rebound to the 200 DMA and shall wait for weakness to be seen before selling again.
• BANK NIFTY FUTURES UPDATE

EURUSD Resistance line

• EURUSD four hour chart with resistance line.
• Resistance line drawn above has worked quite well till now.
• If price gets stalled here this line can give a correction again.

Bank Nifty Futures near 50 DMA

CHART-III

• Range resolved on the upside.

CHART-II ( RANGE IN 15 MINUTES CHART)

CHART-I (DAILY CHART)

• Bank nifty futures is trading near 50 day moving average.
• If price sustains below 10900 we may see a correction.
• Break above 50 dma will give good up move.
• 15 Minutes shows a range which should be resolved for a clear direction to emerge