Gap-up Today & Continuation Breakout Currently on a Daily Timeframe. Break out of Long timeframe consolidation & clear Pattern. High Probability & Superb Risk-Reward Trade. Tomorrow's Weekly Close is Important.
EURCAD is in a Huge Downtrend on Monthly timeframe but is in an oversold Territory. Confirmed Demand zone is Weak but still a Bounce to Retest the Flip Supply Zone & fresh Downswing is expected. Candidate for Watch-list
USDINR is in a Long Term Uptrend & is forming a Bullish H&S Continuation pattern. Move above Neckline could Trigger a Continuation Up Swing.
Fundamentals are also in Sink as Fed is mulling / Poised to increase Rates While RBI is Lowing the Interest rates to Spur Growth while taming the inflation Cycle which supports the Devaluation of INR ie an Uptrend in USDINR...