April 27, 2015

EURUSD Chart update

  • EURUSD Daily shows different price action at 50 Day SMA.
  • Bulls needs to do more and breakout above the cloud to confirm short term strength.
  • If this up move continues price may test 1.10 levels and 100 Day SMA.

ES Multiple time frames with a breakout attempt

  • ES shows price trying to move above resistance zone. Hour chart is crucial here in the very short term. Price if stays above 50 Hour SMA should lead to a breakout. Hour closing below 50 Hour SMA before breakout may lead to weakness.

INFOSYS Chart analysis

  • Like Nifty infosys also testing its 200 SMA. Here the price action looks more bearish. As USDINR Reaches a crucial resistance zone the movement of that pair will have an impact on the stock.
  • Hold 200 SMA to avoid bigger falls. OR Break below 1890 for bigger falls to happen.
  • USDINR At Weekly resistance zone: CLICK Here
  • INFOSYS Analysis before results: CLICK Here

NIFTY Testing crucial support zone

  • Nifty daily and weekly at crucial support zone. One has to wait and see how price reacts from 200 SMA to determine the next big direction.
  • INFOSYS Analysis after results: CLICK Here

USDINR at Weekly resistance zone

  • USDINR Chart testing a weekly resistance zone around 64 levels. This can also turn out to be a bullish area for the pair if a breakout and close happen on daily chart.
  • NIFTY Chart analysis: CLICK Here