EURUSD Chart update

 

• EURUSD at crossroads it could go both ways from here.
• Close below the daily cloud will favor more bearish moves for EURUSD.
• Daily close back above 38.2% or 200 SMA should give an up move for EURUSD.

CRUDE Oil update

 

 

• ES Daily chart declining in a channel
• Stiff resistance levels at 50 and 200 Day SMA.
• Strong support for now at 23.6% weekly fib levels. Strong up move from these levels may test the resistance levels of daily chart. Not holding above 23.6% may lead to bigger falls possibly below 80 levels and towards 76 area.

ES Hour chart analysis

 

 

• ES bulls must cross 50 Hour SMA and 23.6% For continuing the up move. 
• ES Hourly cloud may act as stiff resistance 

APPLE Weekend update

• Weekly Doji star has given the seventh bearish candle in a row.
• Price has closed below 50 Week SMA.
• Hope for bulls is to sustain above 50% Fib level and 522 level for a possible turnaround to happen. Weekly stochastic has reached oversold zone But price is yet to show any sign of turnaround yet. For bulls price should move back above 50 Week SMA for a bigger bounce to happen.
• Below 522 Next target could be 493 which is the golden ratio shown in the second chart.
• DOW JONES RISING WEDGE

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GOLD Chart analysis

 

 

• 4 Hour chart shows price in a contraction pattern which may result in a bigger move.
• Daily chart shows price nearing 50 Day SMA which may act as resistance. Daily closing above 50 SMA will help bulls to continue the up move which was started from 50 Week SMA.

APPLE Support levels

• Apple month chart shows the Pin Bar pattern and the following correction. This correction may target the lows of March and May months which is 516 and 522 levels.
• 522 level is looking crucial for this week if price stays above this level and if it manages to close the week above the Ichimoku cloud and 50% Fib level we may see the stock bounce in the coming week. 
• If the stock breaks below 522 and 516 then it could lead to sub 500 levels, 493 is the Golden ratio as shown in the last chart.
• S&P 500 ANALYSIS AFTER CLOSING BELL

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ES Chart analysis

• ES Daily chart shows price moving away from 200 Day SMA.
• Price is nearing 50% Fib level.
• Weekly chart shows price below the up trend line and approaching the next crucial level which is the 50 Week SMA.
• S&P 500 ANALYSIS AFTER CLOSING BELL

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