Category Archives: Technical Analysis

Now, let us take a closer look of waves structure in daily charts! This upmove could be the final push to reach something respectable. The strength of the current move could take EURUSD to 1.38349-1.39673. Basically, 1.4 level could be … Continue reading
 
The recent down move in GBP-USD has confirmed the triangle breakout which was in the making since early 2009! In fact, on the weekly charts it is below its 21/55/200 moving average. Also, it is in the 5th wave of … Continue reading
 
Just for an UPDATE – though currently Nifty (spot) is at around 5880, last week it breached 5915 and bearish butterfly pattern reported earlier has been negated beyond this level! Does this mean it will not reverse or go upwards only? Well, it … Continue reading
 
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