EURUSD Update

• EURUSD Weekly charts pausing at crucial support zone.

Gold chart analysis

 

• One hour and Four hour are testing crucial price levels. The signal in daily time frame looks strong so the above support levels may not be held if gets tested again.

BANK Nifty chart update

• Bank nifty daily chart is moving in a range of 1000 points.
• Ranging move is nearing the up trend line from 10064 levels. If the up trend line and the swing low of 14700 is not broken the bulls  are safe.

Bank of America Analysis after closing bell

• Daily chart shows a Bullish hammer candlestick at 20 Day SMA. Price has to sustain above 20 SMA For a possible up swing to happen.
• The death cross happened earlier will do well only if price starts to trend down below 50 Day SMA.
• Weekly cloud is trying to protect bulls from bigger falls.

ES Chart update

• ES one hour charts with possible resistance levels.
• Bulls need to sustain above the hourly cloud for a bigger up move to happen.

GOLD At Resistance Levels

 

• Gold is testing the crucial 50 Day SMA and the Resistance line of the triangle.
• A bearish candle closing below 23.6% may result in a correction.
• Positive for gold bulls only on a daily close above 50 Day SMA.

ES Chart analysis

 

 

• ES 4 Hour chart shows price testing crucial support zone. Closing below this support zone may extend the fall by another 15-20 points.
• Bulls need to protect the 4 hour cloud and stay above 23.6% to avoid such a fall.