August 10, 2016

GBPUSD Chart Analysis

  • GBPUSD Month chart shows price violating Multi Year support line. Month close at the current levels or lower will confirm more bearishness for the pair.
  • Weekly chart shows a range between 1.28 and 1.32 levels. Week close above 1.32 will bring some relief for the bulls of GBPUSD. Weekly close below 1.28 levels will strengthen bears further.
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ES Chart analysis

 
  • ES one hour chart shows price in another range. Resistance line is shown in 4 hour chart. Weakness if price falls below 2173 levels.
  • CRUDE OIL CHART ANALYSIS
  • APPLE CHART ANALYSIS
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CRUDE Oil chart analysis

  • Crude oil trying to take support at 100 Hour SMA.
  • Crude bulls need price to get back above hourly cloud to resume the up move.
  • Weakness only if price falls back below 42.10 levels.
  • APPLE CHART ANALYSIS
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APPLE Chart analysis

  • Apple week shows next resistance at 112 levels. A bigger up move possible for apple bulls if week closes above 112.39 levels.
  • Weakness in apple only if price falls back to 200 Day SMA levels. But for now bulls are able to sustain and move above 200 Day SMA.
  • Month chart too is showing bullish price action so far.
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Nifty intraday update

  • Nifty 30 Minutes shows price falling towards the unfilled GAP.
  • More weakness if price falls below 200 SMA in one hour chart. Last attempt by bears to take price below 200 SMA was failed.
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Gold support levels

 
  • Gold bulls trying to take support above 1335 levels.
  • If falls below 1335 price may target 1310 levels. 
  • Bulls will remain safe from a bigger correction if price sustains above 1335 levels.
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