EURUSD Trend update

• EURUSD Weekly chart shows weakness at 200 Week SMA.
• Daily chart shows price near 200 Day SMA
• One hour chart shows a bearish cross with 50 and 200 Hour SMA. Trend will continue to remain weak as long as price stays below 50 Hour SMA.

ES Violating resistance levels

 

• ES One hour chart shows price moving above the recent swing high.
• Price is also trading above 200 Hour SMA in one hour time frame.
• Next resistance levels is the Golden ratio shown in last chart. Bulls must sustain above Golden ratio to extend this up move.
• S&P 500 Weekend update
• APPLE Support and Resistance levels

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NIFTY Chart analysis

• NIFTY Week came back from the lows to close at 100 Week SMA and formed another Hammer.
• Daily chart shows price closing above 5 Day High EMA with MACD ready for a bullish cross.
• Last chart shows price near the falling resistance line from 6093 levels. Nifty must trade above the resistance line and close above 5528 for bulls to make progress.

GOLD Chart analysis

 

• Gold 4 Hour chart shows price getting support near 38.2% Fib level
• Daily chart shows price trying to stay above 20 Day SMA. So for a bigger correction these levels must break.
• Daily chart is moving in a channel and shows weakness as price nears the crucial 200 Day SMA. Price sustaining inside the channel will keep the Gold bulls interested.

HEWLETT Packard Weekend update

• Weekly chart of HPQ trying to stay above 38.2% Fib level and 100 Week SMA. Sustaining above these levels may result in a bounce.
• Price have fallen below 50 and 100 Day SMA. Sustaining below these levels may lead to a bigger fall. So bulls must take price back above 100 SMA to avoid further correction
• S&P 500 Weekend update
• APPLE Support and Resistance levels

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