19:25 Hrs 17th Sep 2018
Last Price@1205.5
Important Resistance Zone - 1205 -1210 $
Since 2016 lows at 1045$, it has been moving in choppy fashion sideways and we are looking for higher moves next on long term basis – target zone of 1350-1375 which could be plausible within time period of 7-9 months ahead.
Short Term Strategy-
07:45 Hrs 17th Sep ...
Good Morning All!
Wishing you happy trading week ahead
Important Support Zone - 88.00 to 88.25
Have discussed about following instruments
Dollar Index
India Rupee Last Idea
AUDUSD in the rupee idea
When I wrote or published my first piece on dollar index in year 2016 - I was pretty sure we are going to have or see a stronger dollar in days & years to come ...
Crude Oil weekly chart study.
We see that the Fibonacci levels as well as the pitchfork boundary coincides and shows a strong resistance and a possible price reversal zone. RSI divergence also substantiates our bias. We will confirm the beginning of a new downtrend only after the wedge breakdown.
