January 17, 2017

EURUSD moves above 50 Day SMA

  • EURUSD Daily is above 50 Day SMA.
  • If price sustain above this line its likely to target 1.0760 and 1.0860 levels soon.
  • Weakness resumes only if price falls back below 50 SMA again. 

CRUDE Oil Technical analysis

  • Crude oil bulls managed to sustain above crucial support zone of 52.09
  • Price for now is staying above 100 Period SMA. 53.50 Is a possible resistance zone. If stays above this level then Crude may target 54.30 levels. Weakness here may take price back to 52.09 levels again.

NIFTY Morning Update

  • First chart with Higher Highs shows 8449 as the next level to continue the trend. More strength for bulls if stays above this level.
  • For Hour weakness starts below 8373 and the rising 50 Hour SMA.
  • 30 Minutes cloud shows price riding the trend. Bulls safe till price stay above the cloud.
  • GOLD Weekend update