- Apple 15 Minutes continue to move down in a channel.
- Hour chart shows a possible Inverted head and shoulders pattern. Price need to stay above 50 Hour SMA For this particular pattern to work in favor of bulls.
- Daily chart continue to test 50 day SMA. Close below 50 SMA May lead to the recent lows again.
- ES One hour chart has broken crucial support levels.
- Four hour chart is near important support levels (200 period SMA and 38.2% Fibonacci levels) If these two levels held we may see es turning up again.
- EURUSD AT RESISTANCE LEVELS
- First chart is show with MACD. Crucial support in this chart is the 200 Day SMA. If 200 SMA is held MACD should give a buy signal.
- If the 200 SMA is held we may see a triangle pattern in google. Price has to sustain above 50 Day SMA for a possible up move towards the resistance line of the triangle.
- 20 and 50 Day SMA is showing a possible bearish setup. If price stays below 20 SMA we might get a trending move in favor of bears provided 200 SMA gets broken.
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EURUSD AT RESISTANCE LEVELS
- No big change in nifty's position. Price below 20 and 50 day SMA.
- Weekly chart shows price getting closer to a breakout. Price has to take a decision to either close above 5 week High EMA or 20 Week SMA.
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TATA STEEL IN A RANGE
- EURUSD Near resistance levels
- If price does not give an upper breakout above 200 SMA and the falling resistance line soon we will get the next down move towards 1.3050 levels.
- ES has fallen back into the hourly range.
- Hourly supports near golden ratio, 50 Hour SMA and the rising support lin one hour chart.
- Crude oil has violated the resistance line of the channel
- Price has also moved above 50 day sma. A bullish close for the daily candle will confirm the breakout.
- Crucial weekly resistance levels are shown in the last chart
