Note how the two large pattern #HVF's kept you dollar long as the main directional trade from 2011 to 2022 But things may be turning around and this trade may, potentially be reversing. Often when commentators have given up on the idea of a multi polar world, end of dollar dominance , as price keep going the opposite direction. Is when the trade actually...
$RDY has a very strong monthly trend that is currently active, and also a strong daily chart, showing a trend is now active. We can go long risking a fall under the red line on chart, if aggressive, following the daily signal but aiming to capture the monthly trend as well. This would be a huge reward to risk position if it were to pan out favorably for us. I see...
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!
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
As interest rates rise in the US and US dollar strengthens emerging markets (EM) have to export more for the same amount of US dollars. The other option is for EM exporters to the US to raise prices which is inflationary or both. Either way foreign investment capital leaving the shores of EM could lead to an Asia currency crisis 2.0. Turkey Sri...
USD INR is at a critical support level following a long running trend-line. Expect a reversal from this level in a couple of days to find good positions to enter.
Target 20% drop- Stay tuned Remember this is the SENSEX divided into INRUSD First target 640 Intermediate 560 Final 480 Markets needs a retracement to at least 200 EMA. Higher inflation than expected will hurt EPS
Here we are tracking the 2020 macro map for USDINR, a high yielding EM currency. The expansion in volatility here will come from CB coordination, and being short USDINR which generally would also support a view for better risk appetite means it acts a great portfolio hedge for those looking for high carry. On the INR side, macro figures are starting to indicate...
USDINR seems to have completed a 5 wave move as per ending diagonal pattern shown as 1-2-3-4-5, and also an impulse wave of higher degree shown as (1)-(2)-(3)-(4)-(5). Can expect a fall to 70.41 by 30/08 - 04/09 A move above 72.30 invalidates the pattern. Wave count in Nifty too supports short term weakness.
Looking bullish next 2 weeks
BUY & SELL Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
Short its a really good entry to short take a look
since the daily chart stoch rsi , and rsi shows overbought condition and we are heading to 1.618 ext of last rally down on daily chart , and counting wave 4 extension of 3.618 fib , and could be a great short opportunity for overdue correction