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USDJPY looks tired and possibly it could test 108 back again

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Wockhardt shares slump over 14 per cent as Ankleshwar unit gets USFDA import alert www.financialexpress.com

algomojo Updated 

EURUSD on shorter term looks strong and likely to do trend reversal towards 1.14

algomojo Updated 

USDJPY Consecutively making lower lows and lower highs falling for last 9 months. Possibly the trend could halt here and could even reverse from here.

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CLSA has a sell call on Bharat ForgeBSE -2.42 % Ltd. with a target price of Rs 655. The current market price of Bharat Forge Ltd. is Rs 723.15. Time period given by analyst is year, when Bharat Forge Ltd. price can reach defined target. The global brokerage firm slashed its 17-18 earnings per share (EPS) estimates by 11 per cent on a weak export outlook....

algomojo Updated 

Looks like panic sentiment in GBPUSD is over. Now its time to step into longs.

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RCOM is in consolidation zone between 47-60 and expecting the cycle to continue in the medium term. My Expectation is RCOM testing the resistance zone 60.

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Extreme Mean Reversion in ES Mini. Time to fill the open Gap zone around 1860

algomojo Updated 

Twice we sold of from the psychological levels $50 per barrel. Now its time to run thro the stops. Most of the stops above $50/Barrel.

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It is believed that struggling Chinese economy is the reason for the bear market in copper prices. To be noted China is the largest copper consumer (roughly 40 per cent of global copper consumption). Now the chinese economic situation is far from worse! Time to think longs in copper?

algomojo Updated 

What crude does is a Pschometric test. Testing $50 per barrel done a strong pullback expecting consolidation to minor sell off in this zone could restest 48-48.25 levels

algomojo

JNK Bond price action looks oversold in the short run and overbought and the current uptrend is ageing. High Possibilities of JNK coming down from here.

algomojo

E-Mini is now in the extremely positive extreme. High odds of trend turning down.

algomojo

The outlook is based on the Laguerre PPO Percentile Rank and the COT report data which indicates a possible short covering by the Money Managers as explained here www.marketcalls.in

algomojo Updated 

Weekly Charts in Amazon looks like topped as we seen strong counter rally during the end of year 2015. And the weekly bar looks like strong rejection from the peaks which indicates possible buyers are in control. Possibly 696.44 looks like a top so far. www.99trades.com

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it is been noted that GLD moved up with a big gap up on FEB 11th. And the Laguerre PPO Pct Rank is at extreme indicates a potential fading of GAP

algomojo Updated 

CRUDE EOD Sentiment turned positive. In the shorter term Crude is likely to move on the higher side.

algomojo Updated 

ES Mini Sentiment continues to be in downtrend. Would like maintain the downtrend continuation in the medium term for next 4-6 weeks.