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...
It should blast on weekly timeframe after a long consolidation
This is the plan of USDINR breakout for next upcoming seasons according to price action advanced analysis upcoming target of this currency pair apx is 6-7% in one month
This is a very profitable trade. Will take great support which can be great for a smaller time frame.
5 Key Factors Shaping US Dollar Trading This Week The US dollar is in the midst of a week filled with pivotal events. Together, these fundamental drivers hold the key to understanding the potential shifts in the US dollar's performance throughout the week: - US President Joe Biden announced that a bipartisan agreement has been reached to raise the US debt...
Indian rupee looks too weak and is getting ready for another fall against US DOLLAR , another 2-3% depreciation can be seen in Rupee in coming days , confirmation is below level of 0.01207 (above 83rupees)
support now for USDINR @ 82.35-82.20 zone while resistance is now at 83.025-83.075 which if breaks, a sharp upmove could take place
USD INR chart seems to be ready for a rally. Breakout from the Symmetrical Triangle. Can we see 85 ?
USDINR has taken nice resistance of the upper trend line. And selling pressure is building up since morning. Short term trade is to trade till lower line. To some one who wants to play for longer view may add shorts at each peak done like today. Once it starts trending lower trendline, down rally may start after a retest. Smart think to do will be add after...
Why the Mexican Peso Surged Against the USD? On Wednesday, the US dollar decreased in value against other major currencies, including the Mexican peso, by over 1%, due to reports of slower than expected US inflation. This suggests that the Federal Reserve may pause its interest rate hikes. According to data from the US Labor Department, inflation in April...
still there is another weekly high broken , but price is getting slowdown. which can break the bulling price even as it is in the monthly supply , still no confirmation of entry , just a view. lets see
GBPJPY can make a reversal and going down to 169.500 and below which we may see the actual trend bearish or it's just a correction . So , to be on a safe side with the stop loss above this week's high and target at the above price .You can get a great risk- reward . Enjoy trading Trade only with what you can lose Happy week
Initial targets of USDINR on breakdown in dollar. High volatility can be expected - pyramiding will be best approach Use Discretion!
intraday shot , 30m to 5 m entry Weekly is bullish .. lets see
Its showing down trend so try to sell order because there is downtrend channel.
The script made a double bottom pattern on weekly chart near important support zone. I am expecting an up move from here onwards.