August 12, 2015

EURUSD Bullish price action

  • EURUSD Descending triangle has given a bullish breakout. But price for now is testing the all important 200 SMA. Pair need to sustain and close above 200 SMA to extend this bounce towards the levels shown in last chart.

ES Chart analysis

  • ES 4 hour chart shows price testing recent support levels. Weekly chart is testing 50 Week SMA. Price also near the lower part of the range. If 50 week sma holds an up move is possible.

Reliance industries chart analysis


  • Reliance daily charts shown with possible support levels for the current fall. Daily RSI is highly oversold. Recent up moves happened after positive divergence which is yet to happen.
  • CRUDE Oil trend update