AbhishekHSinghCMT
Education

AUDUSD - Inverse Australian Dollar -Mirror Image for USDINR

FX:AUDUSD   Australian Dollar / U.S. Dollar
20:55 Hrs 17th Oct2017

AUDUSD @0.7830

USDINR@65.01

Wish you a happy & prosperous diwali to all of you & your near ones. May Goddess Lakshmi bless all.
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AUDUSD

Running with 200+ pips in back to back action for Australian Dollar in simple impulsive count 1-2-3-4-5
Moving into 5th wave@0.7826 for the sequence from 0.8125 Highs.

Last Update on AUDUSD



Inverse Australian Dollar


2nd chart - Inverse AUDUSD & 3rd Chart - USDINR - You will say what a correlation Australian chap had with Indian counter part - They almost turned together for upside move on 8th Sep2017 & Indian markets were surprised for that explosive rally for Dollar Rupee which was to follow from 63.75

In between holiday on 2nd October for Indian markets missed the correlation with inverse AUDUSD but no worries they are brothers for a while & caught up again on 13th Oct2017 - where USDINR made low@64.75

Can they move together for next few days. If this happens, can dollar rupee go beyond 66 levels. Let us wait & watch.

In previous update for dollar rupee - 64.80-65.20 was the support range from 66 highs & came true on 13th Oct2017 bottom@64.75 - closing above 65 - gives hope to dollar bulls.


Last Update on USDINR - Dollar Superman -Up -Up & Away from 63.55 to 66






Comment: 07:56 Hrs 25th Oct2017

Last Price@0.7725

Explosive downside move - 110 pips down from 0.7835 -last update.

Trade active: 15:40 Hrs 25th Oct2017

Last Price@0.7700

Awesome AUDUSD -moving in 5th wave for downside objective.

Trade active: 10:25 Hrs 27th Oct2017

Inverse AUDUSD - Exploded from 13th Oct2017 upside & AUDUSD fall from 0.7885 to 0.7625

AUDUSD - 385 pips from wave 3 to wave 4 & wave 4 to wave 5 in all done


Inverse AUDUSD


Will USDINR move as Inverse AUDUSD Next?
Trade active: 13:20 Hrs 15th Nov2017

Outlook for USDINR was bullish from levels of 64.70-64.80 - It slipped down to 64.50's - Look it trying to follow the inverse AUDUSD which moved explosive from 1.27 to 1.3190

AUDUSD cracks to 0.7577 as 15th Nov2017.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
it seems short trade set up in USDINR, your wave lnguage is like riding on waves.
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Thanks Abhishek.
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@nirav5, Welcome Nirav
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