EURUSD Chart analysis

• Price testing crucial support levels of daily time frame.
• Bigger weakness for EURUSD if price starts to trade below 100 Day SMA and the cloud.
• Bullish candle here may give a bounce for EURUSD Bulls.

Bank of America analysis after closing bell

• Daily chart is testing its 50 Day SMA after a Dark cloud cover pattern in daily time frame
• Weakness in daily chart is yet to affect the weekly time frame.

AMAZON Chart analysis

 

• Amazon testing the 200 Day SMA and Crucial support zone. Daily and Weekly close below these levels will favor bears for bigger falls.

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ES Chart update

• ES Daily chart shows price trying to stay above Confluence of support levels. 50 Day SMA and previous resistance is trying to stop a bigger fall from happening.

APPLE Analysis after closing bell

• Apple daily chart shows a bearish engulfing pattern near the recent swing high of 551. Weakness though can only be confirmed if price falls back below the daily cloud and the falling resistance line.

GOLD Trend update

• Gold daily chart shows price pausing at 38.2% Fib level.
• For gold bulls price must close back above 50 day SMA.
• One hour chart shows price trading below the cloud. Price sustaining below the hourly cloud will continue to favor Bears.

CRUDE Oil chart update

• Crude oil daily chart shows price testing 200 Day SMA.
• Price unable to close back above 200 SMA may give bigger falls for crude oil.
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