This is my prediction and not that I am expecting it to happen (and definitely not wishing at all). This is a post election scenario where BJP is not able to prove its majority (either by itself or thru coalition). Or there is a hung parliament. Nifty could easily fall to 17840 - 18800 levels in matter few trading sessions. And depending upon what happens after...
I have made observation based on pattern trading , as per my view we are heading towards 85, which is point of conflict in case breech and move ahead Our INR is making the same Journey How once Japanese Yen did in early 2000 to 2010 So Expect Market remain volatile Good luck
The currency pair is consolidating between 83.35 & 83.62 for the third consecutive week. It is observed that the currency pair is drifting back in to the top of the rectangle. The indications are that the pair may break the barrier at 83.65 and move higher towards 83.80. Any daily close beyond 83.80 is a clear indication of the Alligator formation opening its...
The currency pair is consolidating between 83.25 & 83.55 for the second consecutive week. It is observed that the currency pair is drifting back in to the rectangle. The indications are that the pair may re-attempt 83.10 and possibly 82.95 once before attempting higher levels. The market will try to position itself for covering the Imports on any dip. Markets were...
The chart shows an ATH of 83.69 whereas the on-shore markets high is believed to be 83.49 in this move. Thank God that the pair did not move beyond 83.70 else it would have been a disaster. Also that the currency pair is drifting back in to the rectangle. The market will try to position itself for covering the Imports on any dip. Markets were expecting huge flows...
The trend line is expected to be touched again in anytime May to July 2024. An upmove to 87-90 range can happen after that
The pair below 82.80 after nearly 6 months was like a fairy tale and the story proved to be short lived. The tweezer bottom at 82.65 worked perfectly. As expected the pair attempted the long term trend line resistance at 83.09.The market witnessed a sharp move past the boxed range and the pair made a new ATH at 83.69. This comes as shocker for the market as the...
Breakout in US Dollar/Indain Rupee..................................................
The pair drifting below 82.80 after nearly 6 months was like a fairy tale and the story proved to be short lived. The pair made a tweezer bottom at 82.65 and closed the week at 82.86. Ideally it might attempt the long term trend line resistance at 83.09 and find sellers emerging. The Currency market seems to have lost the shine as most of the currencies are moving...
The pair finally closed below 82.80 after nearly 6 months. The pair was traded between 82.92 and 82.66. The good part is that the upside has gradually brought down from 83.30 to below 83. The Currency market seems to have lost the shine as most of the currencies are moving in a narrow range waiting for a trigger event. We can expect a consolidation between 82.40...
Al though a wedge top has formed on USDINR. Reserve Bank of India may be a villian and stop Indian rupee from appreciating. i.e. stop USDINR falling too far.
Dear friends, my last call on GBPINR totally floped. I know, but this is golden opportunity to sell USDINR for the target of 80.1000. Idnit gives closing below 82.77 or at 82.77 then take a short position for a big shot. Stoploss not required. I am not SEBI advicer so it is not for advicing traders. This analysis is for my own education purpose. Thanks TradingView!
The pair was traded between 82.82 and 82.95. The currency pair continues to be in the narrow range. The good part is that the upside has gradually brought down from 83.30 to below 83. The Currency market seems to have lost the shine as most of the currencies are moving in a narrow range waiting for a trigger event. There is no action and best we can assume that...
The currency pair continues to be in a the narrow range The pair traded between 82.81 and 83.01. it appears that the pair is behaving like CNY, as we observe that both the sides are protected and there is no action and best we can assume that the band is marginally lowered to 82.80 83.10. A few observations a. Expect the range of 82.70 - 82.90 would hold for...
Rupee Index comprises of 10 constituents with the given weightages. Base ₹100 Base Year 2018 USD🇺🇲 36.76% EUR🇪🇺 19.79% GBP🇬🇧 9.25% CNY🇨🇳 10.21% JPY🇯🇵 7.34% AUD🇦🇺 6.00% CAD🇨🇦 5.44% RUB🇷🇺 2.38% BRL🇧🇷 1.27% ZAR🇿🇦 1.55%
The currency pair is back to the narrow range The pair traded between 82.93 and 83.11. it appears that the pair is behaving like CNY, as we observe that both the sides are protected and there is no action and best we can assume that the band is marginally lowered to 82.85 83.15. A few observations a. Expect the range of 82.80 - 83.15 would hold for the week...
The currency pair is back to the narrow range The pair traded between 82.97 and 83.06. With both sides being protected, there is least or no action and it appears that the pair is behaving like CNY. At best we can assume that the band is marginally lowered to 82.85 83.15. A few observations a. Ultra-low Vols may be a huge risk and there could be sharp move...
The currency pair did a quick attempt of 82.83 and was back again closer to 83 levels. We saw the pair traded between 83.83 and 83.16. At best we can assume that the band is marginally lowered to 82.85 83.15. A few observations a. There is divergence seen in the charts b. The rates remaining in a small range is not anything new for the currency pair as we...