=> After many requests from our followers in India we are posting an update to the USDINR map.
=> Here from a technical perspective we can see that there is a case to be made for the '5th wave' already being put in place... although we didn't quite reach the target for the minimum flow it came close enough.
=> This means the next big support level below is 68.86 ...
This chart was previously published on Dec 22, 2018 but was hidden by the Tradingview platform because I violated house rules.
I no longer own the Djinn Predictive Indicator.
The conversion line and the base line intersecting from below and now moving downward. Selling nearest to 70.45 with stoploss 70.80 targeting 69.05.
Viewers and analysts please comment and thanks to Trading View.
USDZAR is approaching our first resistance at 6.8172 (horizontal pullback resistance, 50%, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 6.600 (horizontal swing low support, 100% Fibonacci extension).
Stochastic (34,5,3) is also approaching our resistance and we ...
USDZAR is approaching our first resistance at 6.8172 (horizontal pullback resistance, 50%, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 6.6009 (horizontal swing low support, 100% Fibonacci extension).
Stochastic (34,5,3) is also approaching resistance and we ...
USDZAR is approaching our first support at 6.6135 (horizontal swing low support, 61.8%, 100% Fibonacci extension) where a strong bounce might occur pushing price up to our major resistance at 6.7134 (horizontal swing high resistance, 61.8% Fibonacci extension, 23.6%, 50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching support and seeing a bullish ...
USDZAR is approaching our first resistance at 6.8630 (horizontal overlap resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 6.6179 (horizontal swing low support, 100% Fibonacci extension).
Stochastic (21,5,3) is also approaching resistance and we might see ...
USDZAR is approaching our first support at 6.7169 (horizontal swing low support, 61.8%, 100% Fibonacci extension, 23.6% fibonacci retracement) where a strong bounce might occur pushing price up to its resistance at 6.8762 (horizontal overlap resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement).
Stochastic (21,5,3) is also approaching support and we ...
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