- Nifty bears can see the Bearish engulfing at top. Price yet to get over the effects of bearish engulfing of march month.
- Golden ratio shown in 2nd chart is crucial. Bulls need to move above this level to nullify the effects of the monthly bearish engulfing.
- Sideways move likely to continue as long as 50 week sma holds. If week closes below this crucial support line then bears may have a chance. Till then the up trend is safe and an upper breakout from this range cannot be ruled out
- EURUSD Bulls has a bullish W pattern in 4 hour chart and that's all the euro bulls have other 2 charts shows stiff resistance levels in 200 SMA and Golden ratio that too in daily time frame.
- Nifty moving up from 50 day SMA, Price looks like it will remain in range for some more day's to come. Hourly cloud as immediate resistance for the current up move.
- Silver daily testing previous support zone which may act as resistance. Weekly chart is showing a potential reversal which needs price to close above the shaded portion. unable close above this zone may resume weakness and silver may give new lows.
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- EURUSD Pausing at 200 Day SMA. Euro bulls needed price to close above 200 SMA which is not happening as of now.
- Pair may make another attempt at 200 SMA if the set up in hourly charts remain intact. If one see the hour chart the price is still above the cloud. If price gets support at hourly cloud another up move is possible.
- Nifty has closed below 50 day SMA But price is trading close to recent swing lows and crucial fib levels which may support the fall. Having said that a daily close below 8315 may strengthen bears further.
