June 29, 2015

EURUSD Chart analysis

  • EURUSD Month chart shows price unable to close above the broken golden ratio.
  • Daily cloud is acting as support.
  • 4 Hour cloud is acting as resistance.

Nifty chart analysis

  • Nifty testing strong resistance zone. Bulls need a cloud breakout on daily closing basis to extend this up move.Price for now is in a range between 8300 - 8400 levels. This range must resolve for bigger directional moves to happen.