Currency Update – Pair AUDUSD

Update for Currency Traders Short Term View  On Daily chart – Price has made a lower low and lower high indicating “downtrend”.There is “bearish flag pattern” formed inside the channel. There is a “hidden negative divergence” also formed.So my view is “Bearish” expecting the price to retrace to 0.725 – 0.715 range. Below is the … Continue reading “Currency Update – Pair AUDUSD”

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ULTRATECH CEMENT LOOKING BEARISH

Ultratech Cement Has made a Shooting Star Candlestick Pattern at the Top of Weekly charts and RSI (14) also showing negative diversion. On Daily Charts of Ultratech Cement, Rising wedge was broken and there is also an RSI (14) Negative diversion. Now, Looking at the patterns made ON Weekly & Daily Chart I’m Expecting a short-term … Continue reading “ULTRATECH CEMENT LOOKING BEARISH”

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“IS CRUDE HEADING FOR $75 ?”

Technical Analysis is all about reading the Patterns Correctly. Clear Patterns gives decent money. Let’s see what crude has to tell us ! Weekly chart – After a downtrend, Crude has made inverse Head & Shoulder Pattern at the bottom. Crude also completed its 4th wave inside the parallel channel and now started its 5th … Continue reading ““IS CRUDE HEADING FOR $75 ?””

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EURINR LOOKING BULLISH

EURINR 4 Hourly Chart – After a decent downtrend, Price has made a Inverse Head & Shoulder Pattern. This gives signal for reversal of the trend. Learning – How t0 Calculate Target for Inverse H&S Pattern? (Target calculation will be done by the perpendicular distance between the head and the neckline and can be added … Continue reading “EURINR LOOKING BULLISH”

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