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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.

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.

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

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.

Natural Gas wave 5 to terminate soon?

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 Natural Gas Daily Chart Prices are moving in a higher highs and higher lows and has started exhibiting negative divergence in many oscillators which is a sign of caution. Prices still have not shown any signs of reversal either in daily and nor in weekly chars. The energy price has five waves clearly visible in the above chart, which is a sign of exhaustion. Also as er projection it has clearly achieved 38.2% retracement from wave 0 to 3 added to 4. This is an indication that wave 5 is here to end or it can extend towards 61.8% (5.00) levels. The bias is negative once the prices breaks the level of 4.00 which probably will terminate wave 5 on the higher side and correction on the lower side will start which will slide prices till 3.30 levels.

WTI Crude Oil and complex Correction

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 WTI Crude Oil Weekly Chart WTI Crude Oil is moving in complex correction (W-X-Y) where prices are moving in wave Y at present. In wave Y, prices completed wave a and wave b and currently has started wave c on the lower side which can tumble till 62.000 levels 38.2% retracement of wave W added to wave X.  The bias is negative for the WTI Crude Oil as it can slump till 62.00 levels over short to medium term with stoploss placed at 75.78 levels. CMP 70.11

LME Zinc and Elliott Wave Counts

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 LME Zinc weekly chart As seen in the above chart, prices are moving in a higher highs and higher lows and precisely moving in a rising channel thereby indicating that the trend is positive. Prices recently has bounced from the support of the channel and has also given a bullish break in the recent falling price which now opens positive possibilities. Prices can move higher from here can test the previous swing high of 3300 levels which will terminate wave C ion the higher side.  The bias is positive for medium term perspective for LME Zinc prices as it can test 3300 levels with stoploss at 2731 levels.