- Weekly chart shows price closing above the recent swing high in weekly chart.
- Second chart shows a possible channel resistance, Bears must hope to see some weakness at this line for a possible correction.
- Last chart shows the support levels, GAP between 84.43 - 86.04 and the up trend line. Correction up to the above mentioned levels may give another buying opportunity. A bigger correction may happen if the trend line gets broken.
- APPLE WEEKEND UPDATE
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- Crucial resistance in daily chart is at 50 Day SMA.
- APPLE Closed below 20 Day SMA.
- Monthly candle continue to trade above 20 Month SMA. For bears of APPLE Price must trade below 20 Month SMA.
- QQQ WEEKEND UPDATE
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- QQQ Daily chart is pausing at the golden ratio.
- GAP in daily chart and 200 Day SMA will act as support in the short term.
- Price closing above 20 Week SMA is also good sign for bulls. Sustaining above this level may lead to bigger gains.
- Bears must hope for a close below 200 SMA for bigger falls to happen.
- Daily chart shows price near resistance levels.
- Hour chart is shown with 20 Hour SMA with the same resistance level.
- Price holding above 20 Hour SMA may lead to a breakout. Weakness on hour closing below 50 Hour SMA.
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- USDJPY Month chart shows price breaking crucial resistance levels.
- Price sustaining above 23.6% and 50 Month SMA could lead to bigger moves in this pair
- Next crucial level in monthly chart is 94. If price sustains above 50 Month SMA this pair could test 94 levels in the short term.
- EURUSD Testing 50 Day SMA.
- Weekly chart also shows the possibility of price retesting the broken down trend line before moving up again.
- CHANNEL OF GOLD
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- SILVER Weekly chart near the long term trend line
- Second chart shows daily time frame near crucial fib levels.
- Last chart shows price below 50 Week SMA. Silver bears will remain strong below 50 Week SMA.
- CHANNEL OF GOLD
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