EURUSD Chart analysis

 

• EURUSD 4 Hour chart shows price moving into the cloud which may act as resistance level.
• Staying above 50 period sma this up will continue. 
• If the up move sustains Immediate target could be the 23.6% Fib level.

CNX IT Chart update

 

• CNX IT Daily chart nearing a death cross. Price near 50 and 200 Day SMA Which may result in bigger moves.
• Weekly chart shows price trying to stay above 38.2% Fib level. A weekly close below this level will extend the fall in CNX IT.
• 2nd chart shows a Weekly range between 8600 - 9000. Bullish structure of weekly chart will be safe if price stays above this range.

CRUDE Oil Chart update

• Crude oil daily chart falling from resistance zone.
• Price staying below 4 Hour cloud may extend the fall.
• Last chart shows fib levels which may act as support levels.

GOLD Chart update

• Gold continues to trend down below the hourly cloud.
• 4 Hour chart shows price giving new lows after the triangle breakdown.
• Price likely to target 78.6% Fib level in the short term.

ES Trend update

• ES one hour chart continues to trend up above 50 Hour SMA and One hour cloud.
• Hour chart also shows negative divergence with MACD Histogram. But this setup need price to show weakness. For bears price has to stay below 50 Hour SMA for a possible fall to start.

NIFTY Chart analysis

• Friday's up move from the lows was good for bulls as price managed to get back above 38.2% Fib level.  In spite of that up move nifty Weekly chart shows a bearish engulfing pattern.
• Immediate weakness if price falls back below 38.2% Fib level again.
• Bigger fall only if last week low and 20 Day SMA is taken out on closing basis.

EBAY Chart analysis

 

 

• EBAY is getting rejected at the broken 100 Week SMA. Bulls of EBAY Must do a weekly close above this level for an up move to happen.
• 2nd and 3rd chart shows price getting support near the support zone of the weekly range. For bears these levels must break on closing basis for a bigger fall to happen.