The USDINR seems to be in the later stages of the fourth wave of a grand supercycle, the start of which was at around 1974. The fourth wave itself is about to enter into it's third cycle wave, after which the final motive wave of the grand supercycle would start. Assuming it to have similar price action to the third wave(as the first seems extended), the rupee...
The EURUSD is trading in a downward parallel channel. Moreover, it's fourth corrective wave has been a failure in Elliot terms, implying an eventual slide of the EURUSD in the long run
Since 2008, the EURUSD do pair has been in a downward channel.Current movements seem to allow for some correction of EURUSD, however the long term trend of the EURUSD goes only one way-down. Even if all hell breaks loose, the EURUSD should not break the downward trend line and would at most reach 1.17-1.20 levels before falling, in years, to around 1.Another...
Fundamentals indicate good reason to expect future volatility-$3 billion outflow from Greek banks this week, very real possibility of a Grexit etc...this is backed up by price action as well. In the chart are circled proofs of serious uncertainty. Thus, a possible proposition would be to trade volatility, not direction,eg a put call parity, though this is slightly...
Short EURUSD as it is in a downward trend currently... The widening of the bollinger band width coupled with a reduction in price implies an extension of lower bollinger band, allowing for a down move.Moreover, it can be seen from price action that weak shorts have probably been removed from the market
The trend of the USDCHF seems downward. Currently, one should short USDCHF at current levels, as it is 0.46 standard deviations above 1500 count linear regression line and 0.62 standard deviations above 20 count standard deviation
Both the 20 count and the 100 count linear regressions show a downward trend for the EUR/USD. The 9 period sma has also crossed below the middle bollinger band and the exchange rate, which is in itself a sell signal.Moreover, the EURUSD exchange rate is 0.72 standard deviations above the 20 count standard deviation. Therefore, the EUR/USD should be shorted at...
The overall trend of the GBP/USD right now may well be downward, however it should be possible to make a long trade on the principle of mean reversal. The current GBP/USD rate is 0.4 standard deviations below the line of linear regression(20 periods). So one could enter a long position at 1.55206, with TP at 1.5524,and SL at 1.5516
One should wait for a breakout on the USDCHF. Currently, Bollinger band width is quite low, implying a consolidating market. However, If any approach towards support or resistance is made with high volumes, and a substantial increase in the bollinger band width, then one should go with the trend. Till any breakout happens, and bollinger band width remains low, one...
