EURUSD Chart update

 

• EURUSD Previous resistance level continue to act as support.
• Daily chart nearing 20 Day SMA.
• 4 Hour chart shows price near 38.2% Fib level which may act as support.
• FORD MOTOR BREAKOUT
• DEATH CROSS OF DOWN JONES
• COCA COLA CHART ANALYSIS

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NIFTY Intraday update

• 15 Minutes of nifty chart shows price contraction.
• Breakout or breakdown could lead to a bigger move.
• One should also expect a failed breakout too to reverse the trade appropriately. Failed breakouts often lead to bigger moves.

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NIFTY Chart update

 

• Nifty month charts shows price getting resisted by multiple resistances like. Upper bollinger band, 78.6% Fib level and Multiple resistance lines. Bulls need to trade above all these levels to continue the up move.
• For bulls the entire month candle stands above the Month High EMA. So the month High EMA area will act as crucial support level.
• Daily chart is showing an inside day pattern But the range in which price is trading will reduce the effect of candlestick formations. So one has to wait for this range to get resolved for bigger moves to happen.
• DEATH CROSS OF DOWN JONES
• BANK NIFTY LIVE CHART- 5 MINUTES TIME FRAME

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COCA COLA Chart analysis

 

 

• COCA Cola weekly chart nearing crucial support levels.
• Price threatening to break the weekly cloud. Price also near 100 Week sma and previous resistance level which may also act as support.
• Bulls of coca cola need to sustain above the weekly cloud to resume the long term trend intact. 

QQQ Weekend update

 

• First chart shows price getting resisted at 20 Week SMA. Price will continue to stay Weak below Middle bollinger band.
• 2nd chart shows possible support levels if the correction continues.
• Last chart shows hope for bulls in the up trend lien and the Oversold weekly RSI. For bulls price should hold above the up trend line.
• FORD MOTOR BREAKOUT

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IWM Weekend update

 

• Daily chart shows a MACD sell signal.
• For the above signal to work well price has to break below crucial support level in daily and weekly charts. Daily chart is nearing 50 Day SMA and Weekly chart is testing 20 Week SMA. Trading below these levels could lead to a bigger down move in the coming week.
• DEATH CROSS OF DOWN JONES

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Ford Motor Weekend update

• FORD Motor has given a breakout above the weekly resistance line as shown in first chart.
• 2nd chart is also good news for bulls as weekly candle has given a breakout above the Weekly Ichimoku cloud. Medium term looks good for Ford Bulls.
• For next week price should sustain above 13.05 levels for targeting 50% Fib level and more.
• DEATH CROSS OF DOWN JONES

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