Crude Oil - Bearish view ,
Possible Scenerios :-
1. If trend line broken price may come down till 58 USD.
2. Price may retest 65.82 level and it may come down to Fibonocci levels 63.72 , 60.52 & 58 USD
Bullish View :-
1. Bullish above if price moves above 67 USD.
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Gold - Short term Bullish view , 1811 & 1800 may act as support.Price may move higher to 1845 and closing above 1845 on weekly basis will initiate another leg of bull run.
View negated if price falls below pshycological level of 1800 USD.
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Auropharma - Bullish view , 1000 may act as pshycological support , If its not broken then we can expect price move upto 1100. Lets see how it reacts on support level of 1000.
View negated if price breaks below 1000 and closing on weekly basis.
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Cipla - Bullish view , Expecting price to move up to 955.
Once falling wedge trend line broken price may move up to 995, Expecting good momentum in the trade.
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*Yellow = 200 EMA | Blue = 100 EMA
The first update for OANDA:EURGBP . After a successful analysis posted at the beginning of August, the analysis outlined resistance at 0.93332 and price found resistance at 0.93244, along with that, channel 1 and channel 2 were successful supports, but the initial analysis suggested that around 0.905 level there would be a...
Although today's price action didn't produce the convincingly bullish strength I was hoping we would see, it is still hanging on there. While on the daily charts there is a bearish pinbar, it has a few things going against it. For one it formed above a support line, which is hardly a bearish sign (and in some cases can actually be bullish). Also you don't get...
EURUSD It's probable that the CD leg complete at 1.00 since the BC-leg was a retracement of ~61.8 of the AB leg.
*The short position must be placed ONLY when the exchange rate reaches the 1.00 or 1.27 and we have a confirmation that it will NOT continue rising.