Crude oil is at an important juncture. 1. Around 87 which is an important resistance. 2. Should move down quickly to 46 levels. 3. If we have slower fall that will mean re attempt of 87 and possible long. Exit shorts. Possible trades should be taken in daily time frame- 1. SHORT - as swing high break fails in daily. 2. BUY - when it sustains above 87 for...
USD INR forming a inverted cup nd Handle on Daily timeframe. U can short at current market price and square off ur positions at 72.25
#CHMF #SEVERSTAL - could see some up moves till 1710 and 1760, just long as it can stay above 1595.
#QIWI PLC - seems could see a short reversal from it's current levels and could be headed towards 670, 700 and 730, just long as it can hold on to 590 as Stop Loss.
It form Inverse H&S pattern. it may test 74.74 and 74.90 soon stop loss 74.00 USD INR has inverse relation with Nifty so.......
USD INR:- it is working as per our analysis. it reverted from 73 and both targets were well achieved 73.44 and 74.20. Now it is sustaining above 74.20, so it may test 74.68 to 74.74. It has inverse relation with nifty so correction may come. Dow also has at major resistance as per chart 35500.
USD INR form inverse H&S pattern it may test 73.40 and 74.10 soon
note: These targets are for positional traders not for intraday traders. For BULLISH below are the strong support levels 72.28 Support 1 72.11 Support 2 --------------------------------- For BEARISH (72.28-72.11) will become RESISTANCE levels IF BREAK these levels, and below are the TARGET levels. 71.11 Target 1 70.62 Target 2
It is on cruel level, it may give big movement from here on any direction. Wait and watch..
Relationship between USDINR and Nifty is mostly Inversely cor-related? What does this indicate moving forward?
Here, I have used MA , RSI , VOL , & DMI to identify the next move of Brent Oil. According to those indicators, it seems bullish ahead. We may see the following targets soon: $68.8 - $69.8 - $71+ But, if brent crude oil breaks the hurdle ( $66.60 ) and shows a closing price below it, we will see a heavy downfall. Targets: $64.6 - $62.8 and below
Dollar index is near to triangle lower support . we expect bounce again from support level 72.35, last time, it was tested this level on dated 24.02.2021 and after that historical bounce was seen in dollar index and also nifty/banknifty historical correction. Nifty/ banknifty both are showing weakness, same is mentioned on nifty banknifty17.03.2021 daily...
Gazprom about to execute an ascending triangle. It is interesting to see the volume, which gives a higher percentage of validation to the figure. It would be healthy to go to the 239 area and make a pullback. If the figure is executed, the Take Profit would be in the 250 zone.