ES Range update

• ES 4 Hour shows price falling to the middle of the range.
• ES Range is unlikely to resolve soon. Range bound move likely to continue.
• EURUSD Chart analysis

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EURUSD Chart analysis

• EURUSD at crucial resistance levels.
• Hour chart is trading above the cloud. Weakness only if price falls below the hourly cloud.

ES Chart analysis

• ES shows some weakness at resistance levels, But for bears price need to stay below 200 Hour SMA as shown in second chart.

Reliance Industries at 200 Day SMA

• Price testing 200 Day SMA
• Bulls pausing at 940 - 945 zone which was the last major swing high. As the last chart shows this swing high must be crossed to start showing Higher High's and Lows.
• So more bullishness on closing above 200 SMA.
• NIFTY Chart analysis

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NIFTY chart update

• Price testing 50 day sma. Not a convincing break of 50 SMA yet.
• Took support at 20 day sma and 38.2% fib level
• Daily MACD is looking good for bears. But needs price to stay below 8645 levels