The USDINR pair made a direct hit on our 82.700 Target, which we set on our last analysis (January 10, see chart below): Right now we see the price pulling back within a Channel Down. This is a standard pattern within the long-term Rising Wedge pattern, which as you see out of 7 Bearish Legs all broke below the 1D MA50 (blue trend-line) and only 1 managed to...
This is an update to our November 27 2023 idea on the USDINR pair where we issued a sell signal exactly at the top (Higher Highs trend-line) of the 1 year Rising Wedge pattern: Our 82.600 Target hasn't yet been hit but due to the slower than expected decline, we have to modify our target and move it a little higher to 82.700, which marks a projected contact...
The USDINR pair has been practically ranged around the 1D MA50 (blue trend-line) since September but on a long-term perspective, close to the top (Higher Highs trend-line) of the Rising Wedge. This calls for a technical medium-term pull-back, especially with the Bearish Divergence on the 1D RSI, which is trading within a Channel Down. Our target is the 1D MA200...
Natural Gas will consolidate util mid January 2024 between 239 and 298. In the second half of January 2024 the last part of consolidation will take place eventually followed by a breakout happening no later than March 2024. The time of breakout (and its retest) will be dictated by how price action tackles the level of 274. After breakout (and retest) price might...
if we take a look at btc against the countries which traded the btc mostly. to take out the inflation and market noise. we need to look at the chart with 5 major countries which are buying and selling bitcoin in their local currencies. CNY, INR, PKR, NGN, EUR so if we average out these currencies we will get a value and then we divide btc with that value we will...
As you can see we prepared update for the currency agenda, we have added gd, jpy, rub, and inr to the fuse, as you can see fibonacci cycles stayed the same in the anbsence. We think or at least clearly see on a chart that rub was the most profitable currency available. In the later arrivals we will try to discover most profitable assets nominated in rubles and...
USD will correct towards the range of 82.1-82.5 until the end of November 2023. In the last week of November look for reversal patterns and rise towards 83.13 with possible top at 83.54 in January 2024. This will be followed by a healthy correction and successful retest of 83 at the end of February 2024. A breakout of 83.54 is expected to happen in the first half...
USDINR is trading inside an Ascending Triangle on the 1W timeframe, with the 1W technical outlook constantly bullish (RSI = 59.515, MACD = 0.267, ADX = 38.795). This is despite 8 failed attempts in the last 9 weeks to close a 1W candle over the top of the Ascending Triangle, which on any other occasion would be considered a sign of weakness. With the 1W MACD on a...
The USDINR pair is trading inside a 1.5 month Triangle (blue), following the upward break-out of the 1 year Ascending Triangle. The 1D MA50 (blue trend-line) has been supporting for 2 months and as long as it holds, buy when the price breaks above Resistance 1 (83.4200). The target can be 84.500, representing a +2.13% leg extension on a potential emerging Channel...
MOAB, Mother of All bubble is the analogy lots of social media posts. Some even calling for that to unfold in the month of October itself. Talk of not 100 but 150 dollars doing the rounds. Bonds Down (yields up), Credit Ratings coming down, Crude prices hit, liquidity is squeezing, USD up, Equities wilt, Signs are omnivorous. US economy continues to print more...
Here is the real story about BRICS vs the US. BRICS Units of Money Supply 435.46 Trillion. LOL! vs US $20.67 Trillion Would you like to own BRICS Currency? Or the US $? There are 2016 X more BRICS currencies in existence vs the US. A 3rd grader could tell you the BRICS are silly as a viable option to the US $.
We love sentimental trade ideas. There is nothing better trade than those stemming purely from sentiments. We shared timely long USDINR pair and we have attached the link below. The positive sentiments from Moon landing drove INR higher yet on macro level, this changes NOTHING . Congratulations to India and all Indians! -Signalwyse Team
Daily Show on NIFTY, BANKNIFTY, FINNIFTY and USDINR, where we try and predict the market direction for tomorrow by technical analysis, Open Interest (OI) data analysis, FII DII data analysis and much more. This show gives insights into the market and is especially useful if you are a beginner who has just started options trading and wants to learn how to trade...
As posted back on Jun 7 the INR was in trouble along with many other emerging market currencies that could end up in a crisis. Since then INR has dropped -7%. (Though the Chart I posted before was a Monthly not too dramatic) I am starting to see more and more signs that a crisis might unfold in the near future. Caution!
The USDINR pair is trading within a Triangle pattern with the 1D MA200 (orange trend-line) supporting on its bottom (Higher Lows trend-line). You can scalp inside the pattern for as long as it lasts (RSI also in a Triangle), but when a 1D candle closes outside the Triangle, trade the break-out's direction. Buy and target the 83.2900 Resistance in case of a bullish...
USD INR - Extreme crab pattern Activation - Weekly close above 82.9800 Target - 87Rs Horizon - 4-6 months.
on a bullish impulsive wave we can see there exist a Hidden Bullish Divergence with MACD which is the sign of trend Continuation, followed by a Milled Bullish Divergence there total of 2 Targets Defined by Fibonacci projection, 79.50 Rs seem to be a good target for the end of 2021