financialmarketsalgorithms

MACD divergence building on daily charts may prompt a bullish bounce in Silver to 16/16.25 $.

JSW steel approaching crucial resistance. Odds of a bullish break are high. MACD CROSSOVER and move into positive region is supportive.

EUR could move by 200 bps from current levels once it moves above the triangle pattern. Target 1.1850/1.19 TF 1 month.

Gold is near very strong support level of 1230/40 zone. Expect a strong rebound to 1280/1300 zone. Trade goes bad below 1225.

MACD turning and at 80% Retracement level. Low Risk buy with SL in 1170/80 zone. Targets 1280/1310

USDJPY may be ready for uptrend on the back of US 10yr touching 2.96%. MACD in buy mode and recently cleared resistance near 107.5

Nifty has retraced nearly 50% of the previous fall and is approaching 62% FIB retracement level. Needs to clear 10700 for clear bullish trend.

MACD moving into positive zone coupled with chart pattern break. Target 380/420

EWO negative variance and MACD negative divergence indicate Silver may outperform Gold.

Emkay Global may be ready to move ahead after a period of long consolidation. Positive divergence on Elliot Wave oscillator.

Nifty near support levels of 10000 after falling nearly 10% from highs. Should witness a relief rally to 10400/10500 zone. MACD beginning to move up

EURUSD poised to break below triangle pattern. Target area 1.2150/1.2175. SL 1.2400

Crude oil approaching short term zone after a period of consolidation. Bearish breakdown most likely scenario.

Bank Nifty is starting to show positive divergence on hourly charts. A good time to cover shorts as a impulsive wave 5 down is about to end.

Moves below 200 MA MACD BEARISH.Targets 59.5/57.SL 64.50

Dax seems to have topped out on bearish MACD Divergence. Watch supports drawn on the charts.

Globally the theme of Central Bankers tightening monetary policy is well captured with German yields hitting new yearly highs. Interest rates are rising all across the Globe and emerging markets need to make note of this. Yields could be testing 1% in the coming months if crude continues its upturn.

Negative divergence on MACD charts- Wave 5 ending to yield 2-3%. Cover at 63.5/64. SL 67