EURUSD Chart update

• EURUSD Daily shows different price action at 50 Day SMA.
• Bulls needs to do more and breakout above the cloud to confirm short term strength.
• If this up move continues price may test 1.10 levels and 100 Day SMA.

ES Multiple time frames with a breakout attempt

• ES shows price trying to move above resistance zone. Hour chart is crucial here in the very short term. Price if stays above 50 Hour SMA should lead to a breakout. Hour closing below 50 Hour SMA before breakout may lead to weakness.

INFOSYS Chart analysis

• Like Nifty infosys also testing its 200 SMA. Here the price action looks more bearish. As USDINR Reaches a crucial resistance zone the movement of that pair will have an impact on the stock.
• Hold 200 SMA to avoid bigger falls. OR Break below 1890 for bigger falls to happen.
• USDINR At Weekly resistance zone: CLICK Here
• INFOSYS Analysis before results: CLICK Here

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NIFTY Testing crucial support zone

• Nifty daily and weekly at crucial support zone. One has to wait and see how price reacts from 200 SMA to determine the next big direction.
• INFOSYS Analysis after results: CLICK Here

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USDINR at Weekly resistance zone

• USDINR Chart testing a weekly resistance zone around 64 levels. This can also turn out to be a bullish area for the pair if a breakout and close happen on daily chart.
• NIFTY Chart analysis: CLICK Here

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SPY Weekend update

• SPY Week closed near high's which is encouraging for bulls. But bulls need to cross 212.34 levels on closing basis to confirm breakout. Any weakness near this level may lead to a correction and range bound activity may continue.
• GOLD Weekend update: CLICK Here

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CNX IT Weekly chart analysis

• CNX IT continues to fall. with weakness in stocks like Infosys this trend is likely to continue. For now though price is approaching crucial up trend line and 50 Week SMA. If These levels are not held price may test the weekly cloud and 50% retrace level.