USD INR at a good level if Head n Shoulder breaks out, then we can get a good long trade.
Gold against dollar , pair trending lower for several week from year started, now its almost ready to touch the support at 1655 price zone, we have to wait to witness a bounce back..but Dominating USD affects the Gold moves.. Analysis only for education purposes
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.3335). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDSGD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (1.25930). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDCAD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
#elliottwave #supportandresistance #usdinr #USDINR based on Elliott wave theory and support and resistance so here according Elliott wave theory it is making 3rd wave of higher degree. WHAT IS HAPPENING IN RED CHANNEL ? IN RED CHANNEL IT IS FORMING 3RD WAVE WHICH CONTAINS LESSER DEGREE WHICH IS MADE UP OF 5 IMPULSIVE WAVES so NEXT IS 5TH WAVE AND IN 5TH...
AUDUSD upcoming forecast for the upcoming week. NFP this Friday so be careful trading. I will waiting for more PA to develop before entering.
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.2590). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDCAD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
On the 4hrs chart, bullish divergence seems to form. It would be interesting to see how DXY moves in the coming weeks.
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.4128). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPUSD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a...
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (7.00000). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDTRY is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
DOGEUSD is looking a clear direction to the upside & has the chance to take the opportunity to make some chunks of profits for this coming week!
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (105.60). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDJPY is in a uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
As of now USD-INR pair is moving in descending triangle pattern. which normally breaks in downward side.