December 31, 2014

EURUSD Monthly Support line

  • EURUSD Monthly chart shows a slanting support line. Second chart shows price at 50% Fib level. Some more downside likely before a bigger bounce could happen.
  • Daily chart if starts to trade above the cloud can confirm a bigger bullish trade. Staying below the cloud the correction is likely to continue.

APPLE Chart analysis

  • Apple is likely to remain in a Fibonacci range. Mostly stocks tend to range between 61.8% and 38.2% before a big move happens.
  • Weekly chart shows price still in an up trend. Good buying opportunity may come if price test the up trend line again.
  • Immediate resistance at 114. Support levels are 50 Day SMA and 111 level.

RELIANCE Industries chart analysis

  • Reliance weekly chart shows possible rising trend line.
  • Second chart shows resistance zone between 910 - 930 level. Fib level also shows broken golden ratio around this zone. So bullish only if price manage to close above this zone.
  • Reliance will remain weak on staying below this zone. Breaking below the trend line will strengthen bears of reliance industries.

December 30, 2014

S&P 500 Futures chart update

  • ES 30 Minutes chart shows price trying to put up a support zone in place.
  • 4 Hour chart shows price is pausing at a crucial pivot zone. Previous resistance level is trying to act as support.
  • Last chart shows price below Hourly cloud. More weakness here if price continues to stay below the cloud.

NIFTY Chart update

  • NIFTY Daily stuck in an ascending wedge like pattern as shown in first chart. Till price stays within the boundaries the steady up move is likely to continue
  • Ichimoku cloud shows price testing it twice in the recent past. Bears need price to sustain below the cloud for bigger breakdowns to happen.
  • MACD Shows a possible buy signal coming But this can be a trap for bulls. Its better to look at the price levels to confirm strength and weakness.
  • Last chart shows immediate resistance levels in 20 and 50 Day SMA.

December 19, 2014

NIFTY Chart update

  • Looks like nifty has strong support at the current levels. But bulls need a weekly close above 20 Week sma to confirm the same.

December 17, 2014

NIFTY Chart analysis

  • Nifty daily chart shows price near some support levels. But weekly is not looking good. For Bulls price need to get back above 20 Week SMA for a possible reversal to happen.
  • Bears need price to close the week below 20 Week SMA.

December 16, 2014

ES Update

  • ES Hour chart shows immediate resistance levels.
  • Daily chart shows Bulls trying to protect the crucial support level of 200 SMA.
  • Price has to sustain above the Hourly resistance levels for this bounce to sustain.

December 15, 2014

ES Trend update

  • ES Daily moving towards 200 SMA
  • Price is trending down below the cloud in 4 Hour time frame. Bears need price to close below 200 SMA for a bigger falls to happen.
  • Bulls need a reversal pattern near 200 SMA.

December 11, 2014

NIFTY Chart analysis

  • chart 2 shows crucial support zone around 8150 - 8180 zone.
  • Last chart shows price testing lower Bollinger band. Immediate resistance at 20 Day SMA.
  • First chart of nifty shows the consistency of the rising resistance line, 

December 9, 2014

ES Chart analysis

  • ES is trading below the 4 Hour cloud. 
  • Price is moving towards previous resistance levels which may act as support. 
  • For bigger correction the previous resistance zone must be broken. First test at these levels may result in a powerful up move.

December 1, 2014

APPLE Chart analysis

  • 5 Minutes shows price in a range resolving this range may give bigger direction.
  •  Hour chart shows price trying to hold above crucial support levels as shown in first and second chart. Apple bears need a Hourly close below 100 Hour SMA which is yet to happen.

S&P 500 Futures trend update

  • ES 4 Hour chart shows price testing the cloud and 100 period SMA.
  • Daily chart looks negative and if the fall continues it may test the 23.6% Fib level and previous resistance zone shown in 3rd chart.

November 27, 2014

CRUDE OIL falling towards golden ratio

  • Golden ratio for Crude oil in monthly chart is seen  near 65 levels.

November 25, 2014

CRUDE Oil update

  • Crude oil daily chart shows price testing 20 Day SMA Which may continue to act as resistance level.
  • 4 Hour chart shows 80 levels as previous support  which was broken and may act as crucial resistance if price moves up again. Bigger up move possible only if price is able to get back above this zone.
  • Weekly chart continues to test crucial support zone. Weekly candles yet to show signs of reversal.

November 24, 2014

GOLD Support and Resistance levels

  • 4 Hour charts shows cloud and the 1180 levels as major support
  • Golden ratio shown in this time frame is a crucial resistance zone. More momentum for gold bulls only if price is able to trade above this level.
  • Falling back below the cloud can result in new lows for gold

November 20, 2014

ES Trend update

  • 4 Hour chart continues to favor bulls as it stays above the cloud and 50 period SMA.
  • 1 Hour chart gave a Golden ratio trade today. Range breakout fell back to the golden ratio and a long trade was possible with good risk reward ratio.