US Dollar Breaking resistance line

• It seems USD may stop only at its 200 DAY SMA.
• Last attempt to cross 200 SMA resulted in a sell off.
• We have to see how price behaves at this level this time.

GOLD Trend update

• Price holding above 20 period moving average will favor bulls for a breakout.
• Bears should hope for a four hour candle closing below 20 period moving average.
• USDCHF BREAKOUT
  

USDCHF Trend line breakout

• USDCHF has broken its weekly down trend line and it has also violated 20 week moving average.
• If week manage to close above the TL and 20 WMA then this move will sustain. And will target 50 week moving average which is near 0.9020 levels right now.
• Long weekly shadow at the bottom of the trend gave warning of a likely change in trend. They say everything is priced in and those who created that long shadow anticipated such a news weeks before it happened.

S&P 500 Futures Trend Update

• ES staying below 200 period and 50 period moving average for four hour time frame will favor bears in the short term.
• Yesterdays broken support line is acting as resistance. If this line continues to act as resistance we may see a sell off.
• SPY VOLUME AND INDICATORS STATUS
  

NIFTY Channel breakout

CHANNEL BREAKOUT

CHART-I

• Nifty futures is stuck in a small channel.
• Price has to move out of this one for bigger moves to happen

BANK NIFTY Futures intraday update

CHART-II

CHART-I

• Bank Nifty Futures may form a Bullish pattern. 
• Right Shoulder of IHNS is not yet formed.
• Breaking below 9278 which is the 50% fib level will make the pattern weak and below 9190 things will favor bears again.

Nifty Futures intraday Update

• Violation of Fib levels and support levels mentioned in the second chart may give good direction for Nifty Futures
• BROADENING PATTERN OF NF WAS SHOWN YESTERDAY
  

NIFTY Daily Analysis

• 5 Week High ema and 38.2% will act as resistance.
• 4927 and 5 Day Low ema may act as support.
• So Violation of these levels may give good direction for nifty.
• FUTURES OF S&P 500 HAS VIOLATED AN IMPORTANT SUPPORT LINE
  

CRUDE OIL Trend line break

• Crude oil has broken its support line 
• Price is also coming down from 200 SMA which makes it even more difficult to for bulls, Any bounce from here will be a dead cat bounce. It will take a strong bulls to break above the 200 period moving average in the short term.
• Now there is minor support near 82 levels. Then it will be the test of 79.38, If that level does not hold price may move towards 75.67.
• Price If gets support near 79.38 levels we may see a bounce towards the broken trend line.