- Weekly candle looks like a Gravestone Doji. The candlestick lacks perfection because of the small lower shadow still it looks bearish.
- Daily MACD is showing bearish alignment. Price is approaching crucial support lines and 23.6% Fib level. These support levels should break for the bearish scenario to play out.
- EURUSD Hits Monthly Resistance line
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- EURUSD Testing the resistance lines in Month and Weekly time frames.
- Bullishness for the pair only on a weekly and Monthly close above these lines. For now price is getting rejected at these resistance lines. Bearish weekly close may confirm weakness for the pair.
- SILVER Support and Resistance levels
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- Silver daily and 4 hour chart near crucial resistance levels.
- Silver bulls need a daily close above 23.6% Fib level which may extend the current up move.
- SILVER Ascending Triangle
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- ES Daily chart shows price testing a possible resistance line.
- 30 Minutes chart shows price trending up above the cloud. Weakness in this time frame only if price starts to trade below the cloud.
- FORD Chart analysis
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- Price staying below 200 Day SMA will be negative for the stock.
- Weekly chart shows price breaking below the crucial rising support line from 8.81 levels. Next crucial support in chart is 14.3 level. Fib level shows 38.2% at 14.51.
- Up moves from here may find it hard to cross 200 Day SMA.
- SILVER Ascending triangle
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UPDATED CHART
- Ascending triangle discussed below has resolved in favor of silver bulls
- Silver one hour getting resisted at 200 Hour SMA.
- One hour also looks like an ascending triangle. Pattern needs a close above 200 Hour SMA for a bigger up move to happen. Closing below the rising support line may lead to 19.30 and 19.10 levels.
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- SBI daily chart trying to form a base around the 50 Day SMA as shown in first chart. Crucial support here is 1712 level. Close below 1712 will be bearish. For bulls need a close above 20 Day SM to gain strength.
- Price yet to recover from the big bearish engulfing pattern in weekly chart. For this particular pattern need to break below 20 Week SMA for bigger falls to happen.
