- Golden cross has happened in daily chart. Price is also staying above the weekly resistance line.
- Price is nearing stiff resistance zone between 19.07 - 20.62 level. MACD Histogram is showing some negative divergence which might result in a pull back.
- SPY INDICATOR STATUS
- GBPUSD WEEKEND UPDATE
- Weekly indicators are mostly favoring bears as of now.
- But things are even in daily chart as it is trading in a range. Range showing in daily chart has to give a breakout or breakdown on closing basis for the next big move to happen.
- Triangle in Hourly Chart may give an early indication of the direction.
- GBPUSD WEEKEND UPDATE
- SPY Hour chart with a triangle pattern
- Price approaching the resistance line of the triangle.
- Bears has to protect the resistance line to avoid a bigger up move.
- APPLE CHART ANALYSIS
- Apple daily chart shows price below 50 day SMA and Testing 100 Day SMA.
- Daily candle closing below 100 SMA will push the stock towards 200 SMA.
- Important support zone in weekly chart is between 353 - 364 level.
- Crude oil Four hour chart is moving up with negative divergence.
- Price is not showing any weakness yet.
- For a bigger correction the dotted trend line has to break.
- First chart is a bullish pattern an ascending triangle.
- Second chart is a continuation pattern in 30 Minutes time frame.
- Breakdown below support line will lead to a correction.
- Breaking the resistance line may take ES towards 1260 levels.
- Nifty line chart shows price still holding above the breakout level.
- For bears price has to close below 5140 - 5160 levels.
- Candlestick chart shows price testing 20 SMA. Closing below 20 SMA will be negative for bulls.
- RCOM BEARISH ENGULFING
