As per the pattern, dollar might show a steep rise (60-85° angle) in near future. As per the known situations, in long term dollar may face a sharp fall but before that if the pattern breaks out on chart, dollar can witness a sharp bullish rally for a short term.
This explanation is only for educational purpose and isn't any kind of recommendation. Don't take...
NSENG:NSE50
Just a Thought: Not for Trading Purpose
NIfty has been free-falling all Due to COVID 19 and the same for Gold, Commodities everything.
Chart that Nifty has the following in Pre 2008 Level and Post Market Crash in respect to USD/INR.
Similar kind of Trend can be Observed as marked inboxes.
Levels are marked for reference purpose only
Can we say...
Almost every year India VIX tends to test the lower end of its range and reverses sharply in JAN. A trigger for this usually is the Annual Budget (Vix rising as a lead up to the event). It appears that the same scenario might be repeated in 2020. However, this time we have a global trigger as well which could fuel the rise in VIX (as and when it happens) Gold &...
USD/INR appears to be within a sideways corrective. Appears like one more dip before it starts another up move. FM could give a short term boost to INR/Banking today in her budget speech
