Please support this idea with LIKE if you find it useful. Price broke the Channel's resistance zone. Price was trading with good volumes inside the channel, which points out it could be an accumulation. When price fixes above we can initiate a long position Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into...
The USD/INR (Indian Rupee) pair triggered a bullish wedge pattern recently and entered into a consolidation. The price is now trading near the 38.2% Fib level which aligns with a horizontal support level, signaling a potential continuation of the underlying downtrend. Notice that the pair hasn't reached the profit target projected by the wedge pattern yet,...
USDINR seems to have completed a 5 wave move as per ending diagonal pattern shown as 1-2-3-4-5, and also an impulse wave of higher degree shown as (1)-(2)-(3)-(4)-(5). Can expect a fall to 70.41 by 30/08 - 04/09 A move above 72.30 invalidates the pattern. Wave count in Nifty too supports short term weakness.
i just wanna see how this turns out. for fun!!
Hi trading view members. Thanks for interactions on my last post. USDINR is testing 3 month long support. Looking at elections and political situation, I predict that #USDINR will oscillate in the 69 to 69.6 range. Rebound trend expected around early End march to April.
Looking at the political situation USDINR is forming a triangle. I expect breakout to go LONG.
=> After many requests from our followers in India we are posting an update to the USDINR map. => Here from a technical perspective we can see that there is a case to be made for the '5th wave' already being put in place... although we didn't quite reach the target for the minimum flow it came close enough. => This means the next big support level below is 68.86...
=> With oil creeping higher again we are maintaining a bearish view on India => There is no reason for INR to no longer remain offered as US yields push higher and attract foreign capital and global uncertainties rise. => The Indian government deficit has rising for half a year now and we are seeing a widening of corporate spreads with equities selling off. =>...
Rise in USD/INR is going to be the proportional to the rate of evaporation of the hope for better days in India. Well, the proposition itself was a pipedream but anyway let's focus on currency and not on crooks. I gave a talk in NJ,USA few years back on USD/INR, where the audience was comprised of some bankers from India and some politicians along with many...
Hello Traders, I wish you all a happy Sunday and I hope you are enjoying the weekend so far Today, we will have a look at the Nifty Index from India and the USDINR. First of all let me explain to you why I use the Indian currency rupee to forecast the possible move in the Nifty. That is a so called intermarket relation. First of all, we need to understand that...
#USD is testing markets with formation of wage. Wait for the breakout! Looking at the global economic stability and oil market, I expect to go long.
Talking Points: Technical Strategy: Bearish Elliottwave Count: Either wave (C) continuation or B wave of (B). HTG Note: Larger outlook on weekly chart is showing weakness on long and short term. EURO vs Indian Rupee price is testing weekly trend line. Last time this line was tested on September, 2015 and post that we seen nice pullback towards 77.80...
ENTRY DETAILS: PAIR: NIFTY ORDER: PENDING BUY ENTRY : 8621.40 STOP LOSS: 8719.60 TAKE PROFIT : 8970.34 R:R = 1.46
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... .zip (with PDF`s) @ my Google Drive 4XSetUps for next wee - friday close(1482 Cross-Rates) drive.google.com Best regards :) Aaron
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... .zip (with PDF`s) @ my Google Drive In percents away from all-time high & low by last close (1482 Cross-Rates) drive.google.com Best regards :) Aaron
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... more 4XSetUps @ 1482 Major Cross-Rates (741 on both sides) @ my GOOGLE Drive drive.google.com Best regards Aaron
See Part 1 in link A Case For Recession You don't use sword when knife is needed. Being a good trader, you need to have a touch of cynicism. Don't take anything at the face value. Rather than being dragged emotionally, you need to understand the things with realistic perspective. While it is true that many millions have been wiped out of the pockets of the...
Having enough fun yet?! ;) It's been exciting roller coaster ride so far. We are not gonna dabble into the politics of everything but we will try to understand the things strictly with respect to the market's standpoint. It is too early to predict the consequences of the two great surprises, 1.) Donald Trump wining the US presidential election and 2.) Sudden ban...