My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
July 20, 2016
EURUSD Falling wedge pattern
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhuu2GZwJagkdXAuisXwXSj4PihZZZEpKxuO_H210RZC17UYXrtE3-yfPMdpwRYoAKRi-MFZNNlMcOGSsi13Lac_5fK2kBB8HBD5sfhC7Tg0rMeon1RjSUPW8gzOOeq7K0bsJPdCrOKgUoY/s640/EURUSD+One+hour+cloud.png)
- 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 chart analysis
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgLiSE7C8M5T_znjHNjHYGZ45aW_WgLsU6KYktE9p8h0WbzcAgCBlqQyP1DVhUR7GYSfMgsqdOWPOBQGpeOR6yg0xy3sW5ZBx8YNr4OysgQZuBTX4-g0ken4h3GkqXxKU0z6y4ytP5iO5jQ/s640/Gold+4+hour+chart.png)
- 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 Chart analysis after results
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjpYLd3R3FOjH3i17rM0sNMblX6L-cpulwKqJuDX_sQyErYRPjH6p3K9hXq3ybO3mPPSG4av_mu-i4d7XhMOzft8Nd0Jta97cTGSY33NeOv_F7NKv4h28ID9P06srOdTfw258RKFrMyFCbV/s640/Wipro+month.png)
- 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.
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