Usdinr-forecast
USD/INR ViewUSD/INR is now bearish, Support Zone is at 71.65_71.45
Selling Candidate on the Resistance to reach support 71.65_71.45
USDINR Possible ABCD patternUSDINR Possible ABCD pattern
Looks to be following an ABCD Formation
Love to hear your ideas?
Always Trade SAFE!!!
USDINR Good Opportunity to shortUSDUNR has been week due to global cues. All cross currencies are gaining opposite to USD which will help to strengthen the rupee in upcoming week. This week i will be bearish on USDINR for the TGT 66.5237 and 66.1413
USDINR: uptrend is really a correction on weekly timeframe.usdinr uptrend is really a correction on weekly timeframe.
USDINRValue of US dollar to rise...it could be corrective a-b-c or impulse wave 5 on downside, but in both the cases, bias would be up.
USD/INR alternate countDon't get to biased. Trade what you SEE not what you THINK.
As John Maynard Keynes said, “The market can stay irrational longer than you can stay solvent.”
USDINR : Long term Elliott Wave ForecastAccording to my Elliott Wave count of USDINR, if I am correct ( being skeptical as EW count can be subjective, although all rules have been followed ) we are in minor wave A - of the Intermediate wave (3) - of the Primary wave 3 - of the Cycle wave V.
A Bulling engulfing formed on a Weekly chart suggests we have completed minor wave A , which is also a Fibonacci retracement up to 50% and the next target should be minor wave B for range Rs. 66 - Rs 66.24. (assuming it will be a Zig-Zag correction)
There after target for minor wave C target should be Rs 59 - 58.2944
I'll post more detail EW counts for the same.
