June 10, 2014

EURUSD Chart analysis

  • EURUSD Daily and weekly chart shows pair moving towards Horizontal and Rising support lines. Bigger fall in EURUSD Only if these levels are not held.

GOLD Chart update

  • Gold 4 hour chart shows price trying to move up is finding 38.2% Fib level as resistance. A stiffer resistance for Gold will be the previous support zone of the triangle around 1280 levels. For  a bigger reversal price must reenter the pattern which is going to be tough for Gold bulls to achieve.

APPLE Analysis after stock split

  • Apple weekly chart shows price above the crucial 92 level. Bulls must sustain above this level and 78.6% Fib level for a bigger up move possibly towards 100 levels to happen.
  • Daily chart shows rising support line at 5 Day Low EMA. Daily close below this level will be negative for Apple bulls.

SILVER Chart update

  • Silver is nearing the confluence of resistance in daily time frame. Recent attempts to cross this level has failed.
  • Strength on closing above 50 day sma.

RELIANCE Industries Chart analysis

  • Reliance continues to move sideways in a range. 
  • Crucial support in day is 20 Day SMA.
  • Weekly support is at 5 Week LOW EMA. Staying above these levels the up move is likely to continue.