EURUSD Chart analysis

 

• EURUSD is moving towards possible resistance zone at 1.10 level. 
• Price is also near 100 Day SMA. More strength for bulls only on closing above 100 SMA.
• Price for now has taken support at Golden ratio.

Crude oil chart analysis

• Crude oil daily trying to protect 50 Day SMA. Unable stay above 200 SMA is negative for crude bulls.
• Weekly chart shows price moving around 23.6% Fib level. Crude bulls need price to close the week above this level to avoid further weakness.

Tata steel trend update

• First chart shows the weekly time frame. Price continue to create lower lows and if 311 is not held on closing basis more trouble for Tata steel bulls.
• Next two chart shows price breaking below crucial levels in daily time frame. No strength for bull till price stays below 333 level.
• PREVIOUS UPDATE ON TATA STEEL

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SILVER Tests 200 Day SMA

 

• Silver one hour chart shows immediate support and resistance levels.
• Daily chart shows bulls trying to stay above 200 Day SMA
• Bigger time frames are looking weak. Weekly cloud is acting as stiff resistance.

Nifty chart analysis

• 20 Day SMA and 8325 levels are crucial for bulls to hold above on closing basis.
• Bears are looking at RSI to become overbought and a falling resistance line.

ES Chart update

• ES 4 Hour chart shows price falling below crucial support resistance zone. This zone and the 23.6% Fib level shown in chart 2 will act as immediate resistance zone. Support is seen at 50 Day SMA and 50% Retrace zone.

Nifty chart analysis

• Nifty is showing weakness from 50 Day SMA. Immediate support levels are shown for this correction. Close below 20 SMA may extend the fall.