- EURUSD Weekly chart shows price moving up from 23.6% Fib level.
- Four hour chart too is trying to stay above the cloud. Recent attempt to stay above the cloud for this time frame was failed.
- Now the crucial level here is the 200 SMA of Daily time frame. Unable to clear this level on closing basis may resume selling.
- Nifty trying to hold above 5 Day Low EMA. Price is also trading near 20 Day SMA. Last touch at 20 Day SMA Gave a big up move.
- Last chart shows price testing the rising trend line from 6600 levels. If the trend line holds an up move is possible. For bears need a close below 20 Day SMA.
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- Gold daily charts are moving towards the resistance confluence again.
- Gold bears will feel safe till price stays below the daily cloud.
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- Crude oil daily chart shows price falling towards previous resistance level which may act as support initially.
- Second chart shows Fib support levels. for now price testing 23.6% Fib level. Price also near 4 Hour cloud.
- Hcltech took support near 200 SMA and is testing the daily cloud.
- Price is also testing a crucial resistance zone as shown in chart 2.
- Price need to sustain above the daily cloud for bigger up moves to happen.
- multiple short term support levels for gold.
- Crude oil daily chart shows price falling towards previous resistance zone which may act a as support. If price tests this level repeatedly then a bigger correction is possible.
- Price falling below 4 Hour cloud may give a bigger fall this time.
