- Daily chart of MSFT shows price testing the 50 day moving average.
- Momentum of price is favouring bears. If stock closes below 50 dma direction will favour bears in the short term.
- Weekly chart shows important support area near 27.40. Price is testing this level. Closing below this level will take price towards the weekly trend line.
- US DOLLAR RISES FROM THE GOLDEN RATIO
US DOLLAR DAILY CHART
EURUSD DAILY CHART
- US Dollar and EurUsd daily charts with the golden ratio(61.8%) Fibonacci level.
- US Dollar took support at the 61.8% Fib level while for Eurusd it acted as resistance.
- Now for the Dollar to rise it should cross the 50% level and close above it which will confirm a short term reversal in US Dollar price and this means negative outlook for EURUSD.
- Nifty daily chart showing bears extending gains below 200 DMA.
- Line chart is showing a possible reversal area from near 5490 levels
- MACD is showing slight positive divergence but price is yet to confirm.
- Bears will be happy to see yet another bearish engulfing in weekly chart.
- TATA STEEL ASCENDING BROADENING WEDGE
- 1273.50 Is an important level in daily chart.
- This level may give support as this acted as a resistance area in the past.
- But if bears manage to break and close below this range, Things will favour bears in the short term.
- APPLE HOUR GIVES A SELL
- Crude oil is showing bullishness in daily chart.
- Price took support near the trend line in daily chart and has moved up.
- Price should sustain above 89.50 for this bullishness to sustain.
- APPLE HOUR GIVES A SELL
CHART-II
- Range beaks down. gives a good short trade.
- If price continue to move away from 50 hour moving average bears can extend gains.
CHART-I
- Apple falls below 50 hour moving average.
- But the range in hour chart is yet to be resolved.
- If 342.75 breaks bears may extend gains below 50 hour moving average.
- ASCENDING TRIANGLE OF ES
CHART-II
- Rectangle breaks in favour of bears.
CHART-I
