Hello & welcome to this analysis In the daily time frame it has now come to a falling trendline resistance which has also activated a Bearish Harmonic Reciprocal ABCD pattern. Coincidentally, the swing low was also formed with a Bullish Harmonic ABCD pattern. A retracement from here could take it to 102.75 and below that 102.15. The pattern would be considered...
Since Oct 2022, USDINR first time gave breakout today. We can see volatility in coming days.
The USD INR brackout is negative for the import company & also the Fiscal Deficit increse, but this is good for exporting company: my view this brackout is not good for the indian economic.
USD vs INR (W) is under clear symmetrical triangular formation. Breakout and sustained above 83 for a week will lead INR to 86 at least.
Compressing above the short-term EMAs. The downwaves have shortened and the up waves have made relatively equal highs. Potential selling absorption is on the horizon, possibly within the next few months. Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Gold or Nasdaq: What to Short this Week? For Gold (XAU/USD), the 4-hour chart suggests a neutral-to-bearish stance. While the pair is currently above its moving averages, the 50-day moving average is closely trailing its price. The Relative Strength Index (RSI) is dropping towards a neutral level, indicating a potential pause in buyer activity. If Gold drops...
The USD/ZAR currency pair has been trading within a support and resistance channel, and recently it broke below the support line with a strong bearish candle. This presents a potentially favorable opportunity to initiate a sell trade with a small risk and the potential for significant rewards.
Rupee is gearing up for move if dollar index starts closing below 99 then rupee will move towards 80 & 78. If dollar index move towards 104 then rupee can give more above 83 towards 85 & 87 then Bank Nifty also take back seat & IT sector move. Trade with stoploss & happy trading.
Summary: The USD/INR stock chart has exhibited a prolonged phase of long consolidation, indicating a period of relative price stability and indecision between the US dollar and the Indian rupee. This consolidation pattern often occurs after a significant price movement and suggests that market participants are assessing their positions before taking the next...
AUD is Very week fundamentally and again USD is Strong This week lets see What happen!!!!
#Banknifty has formed a gravestone doji on weekly timeframe AND at wedge top #Nifty seems to be little more bullish Banknifty if goes down from this level next week, it could reach bottom of the wedge quickly
Hello Friends Here we had shared possible Elliott wave counts on chart of USDINR, which is clearly showing that on bigger scale we are in 5th wave of some higher degree, in which we had finished wave (1)-(2)-(3) and currently we are in either in wave (4) or in wave 2 of wave (5). Also both scenarios are discussed in this video post, you can go through this video...
Mutiny Sends Ruble to Lowest in 15 Months In one of the most turbulent trading sessions this year, the Russian ruble reached its lowest point against the US dollar in nearly 15 months on Monday. This decline followed the failed mutiny attempt by The Wagner group’s armed mercenaries over the weekend, which caused significant concern among traders. Initially...
Usdinr 1dtf is at very good support it might take a reversal from the support or breakdown It is posted earlier during reversal at resistance
There are chances of fall as the pattern has been building for 8-months and it is near breakout. But RBI might step in and buy dollar consolidating the price. Be on the lookout and take trades accordingly. Personal Bet: RBI steps in slowing in the price down. Have sold 82 PE for 23th Jun expiry @ 0.11.
Since Oct 2022 the price is in a complete side-way trend . For so long the trend not changed so it is more probable now that prices will pick momentum in either direction , I am little biased for a bullish move because on long term the trend is strong bullish. Any news (whether small or big) will become a trigger. We will see a big news now. From US.
The beast in banknifty got unleashed today, after a long gap banknifty options really started surging today! You wont believe the OTM prices went above the traded range of Wednesday, that too today being an expiry day! --- BankNifty Weekly Analysis During the current expiry week 9th to 15th June, banknifty shed 556 pts ~ 1.27%. You may not believe that 544pts i.e...
Market Reactions to Fed’s “Hawkish Pause” Today the Federal Reserve chose not to proceed with an 11th consecutive interest rate hike, opting instead to assess the effects of the previous 10 hikes. However, the Fed announced that it anticipates implementing two additional quarter percentage point increases before the year concludes. While the pause was largely...