financialmarketsalgorithms

financialmarketsalgorithms

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

financialmarketsalgorithms

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

financialmarketsalgorithms

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

financialmarketsalgorithms

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

financialmarketsalgorithms Updated 

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

financialmarketsalgorithms

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

financialmarketsalgorithms

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

financialmarketsalgorithms

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

financialmarketsalgorithms

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

financialmarketsalgorithms

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

financialmarketsalgorithms

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

financialmarketsalgorithms

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

financialmarketsalgorithms

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.

financialmarketsalgorithms Updated 

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

financialmarketsalgorithms Updated 

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

financialmarketsalgorithms

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.

financialmarketsalgorithms Updated 

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

financialmarketsalgorithms

Bata has broken support near 700/720 mark and could be headed lower in the coming weeks. I am looking for targets in the zone of 640/650.