Market Analysis With Megh Mody

 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

 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.

 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.