Market Analysis With Megh Mody

YouTube channel meghmody Learn ElliottWave NeoWave my 4 day course in which you will learn the market participant behavior and all the patterns involved. Contact +919324174580 costing will be 10500/-

Daily chart of Russian Rouble The currency is moving in a falling channel as it is seen in the above chart. Also to be observed that prices have recently taken support from the lower end of the channel and is now inching towards the resistance. The pair has strong support at 62.5 for further advancement. From wave perspective, prices are poised to move up till 66 levels which can be either wave x or i. As it has completed (a-b-c) pattern. Learn Technical Analysis course in RS 12000/- and ElliottWave and NeoWave in 10500/- call +919324174580.

EURUSD daily chart From the above chart is is very clear that the trend of the single currency is negative. Especially, after making the high it is now moving in a lower high and lower low formation which is a negative sign. As per wave theory, prices are moving in a complex correction pattern. (a-b-c-x-a-b-c) the second correction after wave x is in process in which wave c has started which can reach till 78.6% of the previous rise which is placed at 1.08 Learn ElliottWave NeoWave with me in my 4 day course webinar and classroom training available, the fees for the same is 10500/- contact +919324174580.

Mexican Peso daily chart In the above chart, it is so clear that prices have broken the triangle pattern. This making it clear that the trend is negative. A symmetrical triangle pattern when is completed we should always wait for the breakout. However, ElliottWave has a different approach for it. As per wave theory, prices have completed wave b in a triangle pattern which looks to be a zigzag as wave e of triangle ended at 61.8% of it's previous wave a. This means wave c can now move down near till wave a which is placed at 17.50. Learn Technical Analysis course and ElliottWave in Mumbai- classroom training and webinar available. Contact +919324174580

US 10 Year treasury yield daily chart Anticipated on 31st December 2019 US 10 Year treasury yield daily chart happened Feb 2020 In my previous update I had mentioned that, " 10 year yield of US and it is suggesting that wave iv in a Slanting triangle is on the brink to complete after an extended third wave. After wave iv, wave v will move down which can drag prices lower below the end of wave iii. " Here is the link of that update https://www.marketanalysiswithmeghmody.com/2019/12/us-10-year-treasury-yield-elliott-wave.html Wave v has a peculiarity of either going down below wave iii end or it won't go, it will be important to see from here. Well I had forecasted the fall and it seems that my prognostics are working well enough. You can also learn this with me. Learn Elliott-Neo wave webinar/ classroom training for 4 days with me which will cost you RS. 10,500/- and will make you learn the theory and practical application of time and price. Don't fol

Greetings Everyone!!!                                My name is Megh Mody, a technical analyst with an experience of over a decade in free floating markets. I have been working in Equity, Commodity and Currency markets and have expertise in forecasting the direction of price and trading it.  I am now going to teach you how to trade with help of trading tools like simple trend line or any other tools for effective trading and making a fortune from it. A trade setup to identify and make most of it.  I have come up with two courses for you, for those who are unaware of Technical Analysis and for those who are Course Time Fees Technical Anaysis 4 months 12000/- Elliott and Neo Wave  4 days 10500/- It is not worth to follow the crowd blindly but to use your knowledge and identify a trade setup to trade. It is always better to think objectively before trading. For registration call +919324174580. 

MCX Crude Oil 28th January 2020 (Anticipated) MCX Crude Oil 11th February 2020 (Happened) From the above chart I was continuously saying when Crude oil price was trading above 4000-4100 that it will falter near till 3500. Well we will not go in depth but I can relate with the recent move from 28th January where Crude was trading at 3770-3800 levels and I had forecasted that it will tumble till 3500. Here is my YouTube channel link where I had mentioned, click on the link to view the video https://youtu.be/oz1fvjRwzfI Now it is imperative for rices to break the level of 3500 which is the trend line support as see the the above chart, once this breaks there is a high possibility for prices to move down till 3000 levels. As per wave theory, the black gold is moving in wave (c) of wave b, wave c can move close to wave a which is near to 3000 levels. Learn Elliott Wave and Neo Wave in my 4 day course which will open a new approach in identifying reversals and riding