APPLE Hour chart analysis

• APPLE Hour testing the cloud and 100 Hour SMA.
• Next support in hour chart near 655 - 657 levels.
• Sustaining below 100 Hour SMA may lead to 655 levels.

GOLD Trend update

• Gold four hour chart shows it making newer highs without major corrections.
• Daily chart is pausing at 78.6% Fib level. Breakout above 1741 should target levels like 1763 and 1790. Weakness only on sustaining below 1716 levels.
• Weekly chart shows crucial resistance just above Golden ratio. Last two major attempts to move up has failed near this level.
• BAC WEEKEND UPDATE

EURUSD Chart analysis

 

• EURUSD Day is closer to the falling trend line in daily chart.
• Daily chart is also testing 200 Day SMA.
• Last chart shows price breaking above a  channel. Price falling back into the channel will be negative . rising support line and 20 SMA are crucial support levels.
• BAC WEEKEND UPDATE

NIFTY Chart analysis

• Nifty daily chart shows a range of 5215 - 5448
• For bulls upward momentum will be intact above 20 day SMA
• 2nd chart shows price getting support at the rising support line. The bullish cross of 20 and 50 Day SMA doing well. Price staying above 20 SMA will extend gains for bulls.
• 3rd chart shows price between fib levels of 38.2% - 50%. Last chart shows a possible resistance line in weekly chart which may stop bulls from making bigger gains.

CISCO Weekend update

• CISCO Near 200 Week SMA 
• Weekly candle is also near falling resistance line from 27 through 21 levels.
• Recent breakouts above 200 Week SMA has failed to sustain.
• Crucial support level is near 50 and 100 Week SMA which is at 18 levels.
• BAC WEEKEND UPDATE

Bank of America Weekend update

• BAC Closes the week above its resistance level 8.4
• Breakout does not show an increase in volume.
• Weekly chart is closer to a breakout above the cloud. Recent attempts to breakout above the cloud has failed as seen in the third chart. for a bigger up move price must breakout above the weekly cloud.
• Last chart shows price with possible Fibonacci resistance levels.

GOLD Chart update

• Gold has given a weekly cloud breakout.
• Gold avoided a bearish weekly candle on chart
• Next resistance levels are near 1787 and  1802
• Two resistance levels 1787 and 1802 are near the golden ratio as shown in the last chart.