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EURUSD Wave 5 of wave C

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 EURUSD daily chart In my last two articles on EURUSD, I have been continuously saying that the pair can move higher and can make new high going ahead. I am sharing the link of my last two articles below click on it to read. https://www.marketanalysiswithmeghmody.com/2025/02/eurusd-wave-c-to-start.html https://www.marketanalysiswithmeghmody.com/2025/04/eurusd-anticipated-happened.html As seen in the above chart, prices are moving in a higher highs and higher lows and it is on the brink to or might have completed. As of now wave 3 has been at 361.8% and wave 4 has retraced at 38.2% of wave 3 and has started moving higher, thereby opening wave 5 on the higher side. This wave 5 can reach till 38.2% projection of wave 0-wave 3 added to wave 4 which comes to 1.16 levels (minimum) and can extend to 61.8% that is placed at 1.1950 levels. The bias is positive for EURUSD as it can reach till 1.16 levels (minimum) and  1.1950 (maximum) with stoploss at 1.10. CMP 1.12
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Comex Silver to soar till 44$

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 Silver weekly chart Silver prices are likely to move higher and can surpass its previous swing high of 35$ over short term. In medium term, prices can move higher towards 44$ as higher highs and higher lows are intact. Prices are possibly moving in a flat pattern (A-B-C) levels where it completed wave A from the top of   51$ to 13$ and wave B which will also be 3 legs (a-b-c) can move till 44$ (minimum). CMP 32$ The bias is firmly positive for Silver prices to surge till 44$ over medium term perspective.
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Natural Gas Wave A completed

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 Natural Gas Daily Chart In my previous update, I had mentioned that Natural Gas can complete wave 5 and will start the correction going ahead. Though I was of the opinion that it would terminate at 38.2% but it went till 5$ which was 61.8% which was mentioned in the probable scenario. Here is the link of the previous article of Natural Gas, click to read  https://www.marketanalysiswithmeghmody.com/2025/02/natural-gas-wave-5-to-terminate-soon.html Prices post making a high of 5$ has started moving lower and completed wave A of on higher degree at 2.93$ and has started moving higher which can unfold wave B on the higher side. This wave B can move till 80% retracement which is 4.57$ (minimum). CMP 3.56$ The bias is positive for Natural Gas as it can move higher towards 4.57$ over a months time.
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EURUSD Anticipated Happened

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 EURUSD Weekly Chart Anticipated on 16th February 2025 EURUSD Weekly Chart Happened on 12th April 2025 As expected EURUSD has rallied from 1.04870 and has moved till 1.1476 levels which was well anticipated and captured.  Here is the link of the previous article of EURUSD  https://www.marketanalysiswithmeghmody.com/2025/02/eurusd-wave-c-to-start.html Stay tuned for the further projection in EURUSD.
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Nifty after Bow and Tie Diametric Pattern

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 Nifty Daily Chart as on 16th March 2025 Nifty Daily Chart 10th April 2025 In my previou s article dated 16th March 2025, I mentioned, " The bias is sell on rallies for Nifty near to 23000 levels and can expect the index to forma bottom near to 21500 levels or near to it." Nifty rallied above 23000 and made a high of 23869 levels and from there it moved lower and marked a low of 21743 levels which was close to my mentioned level of 21500 as mentioned above. If you want to read the previous article click on the below link https://www.marketanalysiswithmeghmody.com/2025/03/nifty-bow-and-tie-diametric-formation.html Now as you can see that wave 4 is over in Nifty in the form of Bow and Tie diametric pattern, prices can now open the possibility of wave 5 which can soar the index towards 27000 followed by 32000 levels.  The bias is now positive for Nifty as it can move till 27000 followed by 32000 with support below 19000 levels.
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LME Copper in wave B

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 LME Copper Weekly Chart Prices are moving in corrective formation which can eventually be a complex correction or a pattern , which can be identified as an when it unfolds. However, it seems that prices are currently moving in wave B of a corrective pattern. This wave B can move up to 80% of wave A (10950-8695). Post wave B termination, it will fall back in the form of wave C. The bias as of now is positive for LME Copper as it can move towards 10500 levels which is 80% of wave A (minimum). CMP 9761
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Nifty Bow and Tie Diametric formation

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 Nifty Daily Chart Nifty is moving in a bow and tie diametric formation in a correcting manner and it seems that Diametric is still under formation and wave f is still under motion which can push prices higher towards 22890 -23050 price zone. After completing this wave f, wave g in the opposite direction will start and will break below its previous swing low of 21997 and will make a new low. The bias is sell on rallies for Nifty near to 23000 levels and can expect the index to forma bottom near to 21500 levels or near to it.
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