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INDIAN RUPEE / U.S. DOLLAR

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Educational 06: Gartley PatternIt is the second most important trading pattern in Harmonic Pattern series , called Gartley Pattern which is also frequently observed in markets. This post a second post of educational series related to Harmonic Patterns , In this post, I cover the following things regarding the pattern 1. Pattern Traits 2. Step by Step formation of the Pattern 3. Bullish Gartley Pattern measurements, labelling and targets 4. Bearish Gartley Pattern measurements, labelling and targets 5. Look of the pattern Further to come in this Harmonic Pattern series , where I shall be discussing about the below patterns: 1. AB=CD Pattern (Completed) ----> Link below 2. Gartley Pattern (Present) 3. Cypher Pattern >>>>> Next 4. Bat Pattern (Coming up) 5. Butterfly Pattern (Coming up) The best part of the above mentioned patterns that they can be used in all markets and at any time frame. It means you can use the patterns in stock markets, Forex , Commodities and at any time frame like hourly, daily, weekly etc. Therefore, they are important tools when analyzing the charts. Purpose: To provide information to traders community that can help individual trader to learn more and take inform decisions while trading in order to generate consistent positive results. Practice the above said chart pattern and share it below with us. Thanks for the support, Best Regards, Neetesh Jain
Education
by NeeteshJain
7
Educational 05: AB=CD Pattern In this Educational post, I will be sharing the most basic and simple harmonic pattern: AB=CD Pattern 1. Formation of the Pattern 2. What to look in the pattern 3. Targets This is a new series of Harmonic Patterns , where I shall be discussing about the below patterns: 1. AB=CD Pattern 2. Gartley Pattern 3. Cypher Pattern 4. Bat Pattern 5. Butterfly Pattern The best part of the above mentioned patterns that they can be used in all markets and at any time frame. It means you can use the patterns in stock markets, Forex , Commodities and at any time frame like hourly, daily, weekly etc. Therefore, they are important tools when analyzing the charts. Purpose: To provide information to traders community that can help individual trader to learn more and take inform decisions while trading in order to generate consistent positive results. Practice the above said chart pattern and share it below with us. Thanks, Best Regards, Neetesh Jain
Education
by NeeteshJain
1
USDINR bearish until major market trigger as Halkish Fed policyIn the light of better US jobs data, simultaneos dovish fed policy in near term plus the positive sentiment in the Indian economy owning to better monsoon, 7th pay commission, possible GST Bill passing has led to a bullish INR as also seen from the charts. For USDINR, resistance levels are 67.35, 67.50 & 68.00 while support levels are 66.50, 66.00 & 65.70 One should go short on any relief rally until 67.30. 67.25 July Calls can be written with low risk.
Short
by jayadrath
USDINR Bearish View & Road Ahead!!USDINR would fall from current levels and probably make new loves below 66 levels.. Overall Rupee made a 5 wave down move from the top of 69 levels after which gave a 3 wave a-b-c correction with in the trend channel and is now ready for further down move. Happy Trading!! Siraj Hudda, CFTe Web: www.prowaveanalysis.com Skype: sirajhudda Email: contactus@prowaveanalysis.com Facebook: www.facebook.com Twitter: twitter.com LinkedIn: in.linkedin.com
Short
by SirajHudda
USDINR@22nd May 2016- “Bang on…Impatient About Acche DinUSDINR@22nd May 2016- “Bang on…Impatient About Acche Din” Getting impatient for “Acche Din” –I guess this is the case with every Indian since we voted BJP to power in 2014 since expectations were high & everyone was desperate to see better results. But let us not forget Mr.Modi talked about 60 Months & it is just 24 months old under his leadership. The devastated state of the country’s economy was to be restored to normal first & Mr.Modi is doing his share of work. So, have faith in him. Report on 6th April 2016 Unless USDINR closes below 65.95 & breaches rising trendline- do not assume that rupee will appreciate further beyond 66 & it is better to buy dollars. Technically, It was suggested that we shall have one more leg on upside in the form of Z-Wave. Bang on…The journey has started, USDINR has closed & made a high as well above the ruin point 67.50 on 19th May 2016, Going forward –we have greater possibility that USDINR can even cross 68.80 & 69.22. Let us not be scared & face that with courage – we might even have spikes above 70 odd levels which will create panic in market. Looking at the structure, that is the euphoria which dollar bulls shall create in market very close to highs of 69.22 but it will be foolish to buy dollars in panic state as that is the time –when markets will change their hands & table could turn upside down for bulls – making bears stronger in that state. Any day, when we have panic buying in dollars very close to previous high & making new high i.e. above 69.22 & not sustaining that high means- spike in candle with long shadows(kindly visit google for long shadows in candlestick images)- shall be the first clue that bulls be careful – dollar could start its downward journey. Regards, Abhishek H.Singh, CMT
Long
by WaveTalks
Is USD/INR Going To Breach 70 Now?This is what we have to say about Mr. Raghuram Rajan's decision to leave Reserve Bank Of India ( RBI ) after the end of his current term in September. This is what happens when you state the obvious to politicians. He is the only central bank chief with chutzpah to tell governing politicians that central bank can't cure it all with just cutting rates ! At some point they need to pick up the baton to reform and enact policies to progress. So he didn't has much choice. Either keep on cutting rates or do whatever pleases to the boss or show them the finger and leave. Besides his rising international acceptance and appeal wasn't going smoothly with someone who likes to grab all the attention whenever India is mentioned in international media. Guess who? ;) We are not sure how markets will open on Monday because conventional wisdom says it will go down, but we have our doubts. Because in short term market may think that now he is going to be replaced with someone who will definitely start cutting rates and let the banks roam freely and that may cause markets to rally. And of course USDINR is going to breach 70 mark in no time ! We have been bearish rupee for long time and there are obvious reasons for that. Here is what we said last year about rupee. bombaybulls.com In a nutshell, nothing happens with empty promises of reform and someone who knows the country well, should be aware of the fact that it is not going to change in our lifetime at least !
Long
by BombayBulls
1