venkatfx

venkatfx

HDFC Bank has reached monthly month resistance area once again and I do not think this bank will outperform in results....Its clear Sell in Bank Nifty and DFC Bank now

venkatfx

Dollar index has taken good support at previous support area indicating more upside. aving eurusd below resistance area it makes safe to buy Dollar long trades now

venkatfx

In carts price has taken a rejection at previous resistance and supply area along with bearish headlines.... so Sell equity for this week....

venkatfx

In charts its clearly distribution and supply zone added with headlines of recession headlines indicating more down side for Dow

venkatfx

Dollar is at previous support from where it rallied higher and its clear re test of Dollar now. I expect dollar to bounce from here since US equity started profit booking and its correction more now. And higher Crude means additional need for dollars to buy Oil each day. still now majority of countries still use dollars to buy oil right ?

venkatfx

In my view EurUsd is showing un winding of long positions, clear distribution signs in price action with strong resistance line holding on with RSI divergence indicating more down side in eurusd this week towards target of 1.08 for any demand to be tested. with crude turning bullish its sure demand for Dollars and Sell in EURUSD for medium term......

venkatfx

Dow is at a zone where supply was seen previously and today we need to wait and watch for clear direction.... any move above or down will give further direction to Dow today and till friday EOD

venkatfx

US equity has been in profit booking and correction mode for few days now. price at tested resistance assuring a target of 12200 before Friday closing

venkatfx

In general Euro looks bearish and moving down for lower levels like 1.08 and 1.07850 this week

venkatfx

for last few days Euro is bearish and lower levels are indicated in cart for target - 1.08 and 1.07850 on down side, will it happen this week needs to watched

venkatfx

As expected Fed Data and Meeting has triggered Sell in equity and Buy in Dollar pairs with Sell in Euro pairs as immediate knee jerk reaction for time being. with this we can easily see dollar index at 103.90 and 104.35 before next week !

venkatfx

Dollar has changed its trend and become Bullish mainly after Fed Data and meetings. Euro becoming Bearish all USD pair trend changed to Bullish and USDCAD is already in bullish trend continuation in Daily chart with Target of 1.42 and 1.48 is very visible in chart

venkatfx

Bearish trend is similar to that of S&P500 and Dow after the Feb data and meeting indicating a clear sell in equity with bearish sentiment for 2023.

venkatfx

Info and trend is similar to that of S&P500 after Feb data and meeting resulting in Sell in Equity and also long term bearish trend for 2023.

venkatfx

After Fed data and importance on Inflation is understood as higher priority to be controlled with less importance on growth it clear Sell in equity and its reflecting in charts as well with wave target of 3900 and 3840 before friday EOD ?

venkatfx

After Fed Data , Euro, GBP, Gold all going in to reversal side and not just correction..... so GBPUSD is a good sell for lower targets before Friday EOD

venkatfx

After Fed data along with Euro, Gold has also turned bearish. as per wave theory Gold is expected at 1910 before friday eod !

venkatfx

After Fed data Euro has started falling. EURUSD is in correction and bearish trend today... EURUSD could be bearish for rest of 2023