U.S. Dollar / Indian Rupee
As of today, my very long term analysis for INR is as shown in the chart. I will update the chart if I see any major change in the structure
Very interesting price action, succesful completion of this pattern will break the Indian rupee to all time low as far as it could depreciate to near 80 level
Happy to see INR covering some ground. Will this free fall of @USD, will it test Yearly support line of 2016 of 66.5?
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
INR GETTING STRONGER FOR WHILE AND IT LOOKS LIKE YEN CAN 0.52619 BEFORE GOING UP. CYPHER PATTERN COMPLETION IS A GOOD TIME TO BUY YEN. BUT CURRENTLY SHORT IT FOR A WEEK. RISK REWARD: 1:1
SHORT DOLLAR AS RUPEE LOOKS STRONGER RISK-REWARD: 1:3
China's central bank guided the yuan lower on Thursday FX_IDC:CNYUSD . China's first shock devaluation in August jolted the global financial markets and Indian currency "INR" was also affected by this sudden move. This second devaluation has come at such a crucial time, when money market was expecting strengthening in "INR" and start of appreciating trend. Can...
In this I'm looking for a break in a rising wedge as the wave 5 of a upend could end and Indian rupee would start appreciating.