- EURUSD Daily shows price moving above 200 Day SMA. Bulls need a close above this line to extend the up move. Immediate resistance seen in 4 Hour chart. This level must be crossed for price to move towards the Daily range top which is shown in last chart.
- Crude oil daily chart shows price violating the support zone.
- 4 Hour chart too continues to look bearish as price is trending below the cloud.
- Hope for crude bulls only if price is able to move above the 4 hour cloud.
- Gold moving towards the broken support zone in weekly time frame. Daily chart shown the same levels with crucial fib levels.
- 4 Hour chart shows the start of a trending up move. This bounce will be safe till price stays above the cloud in this time frame. Price also needs to move above the previous broken support zone which may act as resistance now.
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- Daily cloud and 38.2% Fib level seen as immediate resistance for silver.
- There is no change in the bigger picture for nifty. Price continues to remain in a range. Long term trend of nifty will remain safe above the weekly cloud.
- DLF at 200 SMA
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- Crude oil daily chart shows price trying to hold on to the support zone. 4 Hour chart shows price moving towards the falling resistance levels. If a bigger bounce is going to happen that can be confirmed on price closing above 4 Hour cloud. Till that happens the down trend and bears are safe.
- The Monthly candle shows the reason why DLF moved towards its 200 Day SMA. Now if the monthly candle decides to work well this can be a bigger bounce towards the falling resistance line shown in Monthly chart. But for that scenario to work price must stay above 200 Day SMA and get out of the bearish descending triangle pattern shown in weekly chart.
