- USDJPY Month chart shows price bouncing from 50% Fib level.
- Daily chart shows price testing the falling resistance line and the Daily cloud.
- If the bounce in Month chart is to continue the resistance line and cloud is likely to be broken.
- CRUDE OIL TREND UPDATE
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
July 28, 2016
USDJPY Chart Analysis
Bank of America Chart analysis
- Daily chart is testing 200 Day SMA.
- Weekly chart is moving up But price has to stay above previous support zone of 14.80 - 15.20 levels which has been acting as stiff resistance. If BAC Bulls are able to stay above this zone Then price can move towards 18 levels again.
- Unable to cross the above mentioned resistance levels may take price back to 12 levels again.
- CRUDE OIL TREND UPDATE
Nifty chart update
- Negative divergences, overbought readings are there. Price is also trading closer to a possible resistance line But Price continue to be with the trend. Trigger price for the sell could be a close below 8572 and followed by a break below 8476 Till that happens bulls remain strong.
- Close above 8644 will help bulls to extend the prevailing trend further...
- CRUDE OIL NEAR 200 SMA
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