March 20, 2013

EURUSD Chart analysis

  • EURUSD Daily chart trying to stay above 78.6% Fib level.
  • For a reversal price must move back above 200 Day SMA.
  • Price falling below 1.28 levels may take price towards 1.26 levels.

APPLE Bullish cross or a fast fall

  • Apple hour chart shows 50 and 200 Hour SMA aligning for a bullish cross. Another way of looking at it is if price falls back below 200 and 50 Hour SMA then 50 Hour SMA instead of doing a bullish cross may do a fast fall.
  • 50 period SMA of 4 Hour shows price above the SMA. Recent falls below this moving average has resulted in big corrections and expecting the same to continue if price falls below it again.  

ES Chart analysis

  • ES 4 Hour charts shows price back to its resistance levels.
  • One hour chart also shown with the 78.6% Fib level which is stopping bulls from moving up so far.
  • Last chart shows price above 50 period sma. Weakness on price falling below this level.

APPLE Chart update

  • APPLE Daily chart shows weakness at 50 Day SMA and Daily upper bollinger band
  • Weekly chart is trying to move above 5 Week HIGH EMA. If weekly close is above this level we may see a bigger bounce. For now though price is showing weakness mentioned in the daily resistance levels.

TATA STEEL Chart analysis

  • Price testing crucial weekly support level near 332 - 333 levels.
  • Second chart shows price forming bearish weekly candles below 5 Week High EMA. Stock will continue to stay weak below this level.
  • Last chart shows turnaround levels. Above 362 current down trend will become weak. Further weakness below 332