July 20, 2016
- EURUSD One hour chart shows price contraction. Although Hour is trending down this pattern is a possible bullish reversal one. For EURUSD Bulls price need to move above hourly cloud for bigger reversal to happen. Price unable to move above the cloud will favour EURUSD Bears.
- GOLD Triangle Breakdown
- Gold One hour shows price breaking below the triangle consolidation.
- 4 Hour chart shows approaching support levels. If falls below 1320 then 1310 levels are likely to act as support. Bigger correction if 1310 level is not hold on closing basis.
- GOLD WEEKLY BEARISH ENGULFING
- Wipro share price opened nearly 6% Down following its results announcement. But despite the volatility if one sees the Larger time frame the stock has not moved that much. Weekly chart shows stock still stuck in a 100 Point range.
- Month chart shows price in consolidation. This consolidation is happening in a larger up trend. So mostly it resolves in favour of Bulls. But then its tough to predict the exact direction and timing of breakout.