January 27, 2012

EURUSD Trend update

  • 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.


ES Testing 200 Hour SMA

  • Staying below 200 Hour SMA will extend correction. 
  • Breaking below the support line shown in four hour time frame will favor bears.


ES Testing 200 Hour SMA

  • Staying below 200 Hour SMA will extend correction. 
  • Breaking below the support line shown in four hour time frame will favor bears.


GOOGLE Falls to 200 SMA

  • 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 Resistance level

  • BANK Nifty Futures getting resisted at strong supply area.
  • This level has to be crossed on closing basis for continuing this up move.


NIFTY Resistance levels

  • 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 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.