AUDUSD - Daily - With Revised Stop

It appears to be the terminal of Wave 4, with wave c (of 4) being complete near 0.8051 (c = 1.618 x a @ 0.8051).

Can go long for a target of 0.9258 (Wave 5 = Wave 1) with a Stop Loss below 0.8051.

Cheers.

EURUSD - Daily - More 'Sideways' Action Likely

More sideways action likely for the coming 2-3 months.

Wave iv of 3 = Max upside to 1.3179 (61.8% of Wave 3) // 1.3144 (Wave 1 terminal) - side ways action likely.

Wave v of 3 = 1.1946 (Wave v = Wave i).

Then head for Wave 4 (again sideways action).

Cheers.

AUDUSD - Daily

Good bet to go long AUD here @ 0.8283. Stop loss @ 0.8200 for a potentetial minimum target of 0.9500.

Cheers.

EURGBP - Weekly

EUR likely to appreciate against GBP.

Likely targets for wave 5 = 0.99925 // 1.09725.

Crucial support @ 0.84010.

Cheers.

Reliance Communications - Weekly

Important Support: INR 131 (Previous Low), if breached, can go lower to the first target of INR 117. The final target being between INR 70 - 62...!

I shall review the call if the price reverses and breaches the resistance of INR 182 (I know its far... but its crucial.)

Cheers.

TATA Steel - Daily

Appears that TATA Steel has completed its 5 waves up to INR 701 on April 15, 2010. From there we have seen a steady drop of over 27% till date. The minimum down side target for wave C is INR 463 (wave C = wave A). The 61.8% retracement of the entire rise from March'09 low of INR 149 to April'10 high of INR 739 is at INR 374. Which is the second target.

Targets: 463 // 374

Stop Loss: 594 // 609.

Cheers.

Dow Jones - Weekly - DANGER AHEAD

After retracing 61.8% of the 2007 - 2009 fall, the Wave 2 appears to have completed... We now can expect the 'deadly' Wave 3 to resume the down trend. Looks like Greece has lent its hands to the bears.

Keep looking for further updates on this.

Cheers.

BSE FMCG Index - Weekly

The BSE FMCG Index has broken out of the Wave 4 'thrust'... We can expect this index to continue to trade higher in general...

Cheers.

SENSEX - Daily

Can drop to the first support of 16000...

Cheers.

Educomp Solution - Daily

LME 3 Mths Zinc - Daily

GBPUSD - Weekly & Daily

GBPUSD - 60 Mins

After having tested the 1st target of 1.4479, we may now see the pair moving lower to 1.4682 // 1.4424.The resistance can now be seen at 1.5054 // 1.5091 // 1.5126.The big picture view for GBPUSD continues to remain weak.

Cheers.

SENSEX - 60 Mins

EURUSD - Daily

USDJPY - Weekly

USDINR - Daily

GBPUSD - Daily

LME 3 Mth Nickel - Weekly

LME 3 Mth Zinc - Daily

NCDEX Steel Ingots - Weekly