- EURUSD Daily time frame is trying to stay above 50 Day SMA.
- Cloud may act as resistance. If price stays above 1.3144 which was a previous support level then EURUSD may be able to continue this up move.
- Daily candle closing below 1.3144 and 50 Day SMA again will be negative for this up move.
- Staying below 200 Hour SMA will extend correction.
- Breaking below the support line shown in four hour time frame will favor bears.
- Staying below 200 Hour SMA will extend correction.
- Breaking below the support line shown in four hour time frame will favor bears.
- GOOG is testing 200 SMA.
- Price is sustaining below 50% Fib level. Breaking below 561 may extend correction towards 547.
- Oversold RSI and support at 200 SMA may give an up move.
- SPX ANALYSIS AFTER CLOSING BELL
- BANK Nifty Futures getting resisted at strong supply area.
- This level has to be crossed on closing basis for continuing this up move.
- Like Bank Nifty, Nifty too is near 200 SMA.
- Week chart also shows a possible resistance line.
- Closing above 200 SMA may help bulls to continue this up move. Bearish candles here may give hope for bears.
- BANK NIFTY RESISTANCE LEVELS
- Bank nifty with 200 SMA near 10000 and Weekly chart too shows resistance levels in the same area. So this level should be crossed for this up move to continue.