US DOLLAR Above 50 day moving average

• US Dollar daily chart with price above 50 day moving average.
• Price has been in a range of 79 - 81.52 for quite sometime now.
• So the upward momentum of dollar will gain momentum only if price stays above 81.52.
• EURUSD CHART ANALYSIS
  
  

EURUSD Technical analysis

• EURUSD looking negative after a trend line break in daily chart.
• Price May get support at the 78.6% Fibonacci levels.
• Larger correction may happen only if this level gets broken.

BIDU Daily chart analysis

• Bidu took support on its trend line in daily chart. But bigger up moves can only happen if price breaks above its 50 day moving average and the resistance line in daily chart.
• 50 DMA may act as a selling area.
• GOLD CHART ANALYSIS
  
  

ES Chart before opening bell

• ES Trading near the top of the range.
• One can expect a correction from here. It may also be a sideways correction followed by an up move because of the strong up trend as seen in the ascending channel.
• S&P 500 ANALYSIS AFTER CLOSING BELL
  
  

Nifty Daily Analysis

• Nifty line chart shows price taking a U turn from its up move.
• Now the main support lies between 5985 - 6015. We have the 20 day and the 50 day moving averages here. So large correction will only be possible if this support area is taken out by bears.
• Price action is moving towards 5 day low ema. So if Bulls are to stop this correction we will see the price action moving towards the 5 day high ema.
• GOLD BELOW 50 DAY MOVING AVERAGE
  
  

S&P 500 Analysis after closing bell

• SPX has given a bullish engulfing candle at the top of the trend.
• This candlestick formation is a bullish pattern so we can expect the bulls to continue the trend.
• Trend is so strong that even a 10 day moving average has given fewer whipsaws. From 1200 levels till now Price is staying well above 10 DMA.
• GOLD CHART ANALYSIS