SushilKedia

USDINR: Headed to 75.5

Long
FX_IDC:USDINR   U.S. Dollar / Indian Rupee
Wave A & B are done, wave C is overdue now. At the least C should be equal to A, providing for a ball park goal / target of 75.5.

Rupee getting weaker has seldom coincided with Nifty keeping going higher. Most of the time Stockmarket goes down whenver the value of Rupee goes down. It happened during September-October '20 also within this madenning equity "rally"

Caveat: Do never overstretch intermarket relationships. The Delta of change in the value of Nifty to Change in USDINR is not constant either. This is a broad relationship.

Hear out the entire video recroding for further caveats and how am I using this chart. This chart prevents me to be an equities bull in abandon. Not yet short on equities, yet not willing to expand exposure on the long side on equities. Once the USDINR chart starts producing the C wave and the uptrend line on Nifty breaks thats when one will trade on the short side on equities.

Comments

Wonderful Sir....DXY above psychological level of 90 is very important.....
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out