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...
Volatility Compression can lead to Range Expansion in the direction of Uptrend.
Measured Move from Breakout of Flag formation of Topix chart gives us reasonable Opportunities to enter the upmoves. Looking at Fibs to enter any Retracements.
Huge Pattern Breakout on Monthly Timeframe. Waiting to Buy Daily Pullback to the Breakout Level. Volatility Compression may lead to Huge Range Expansion ( ie Clean Trend Move ).
Expect Steady Rise with Minor Pullbacks on Daily till 132.
Seems Interesting to me. The Pattern seems Repeating itself..... Your Views....
Current Down Swing due to Breakdown from Consolidation is near Termination. 40 is a Long term Support. Expect Range bound Action to Retest of Breakdown
Nikkei 225 Monthly is in a Long term Uptrend. But a Pullback to Flip Zone is Expected. Await High Probability Long Setup Nearer to 18000.
AUDNZD to Move towards Parity. Awaiting for Pullback & High Probability Short is in the offing. if Pullback Extends above 1.12962 can Signal Re--entry into the Trading Range.
GBPAUD to continue the Downtrend, The Downswing has Just Started from Flip Supply Zone ! Way to Go !
Bullish Uptrend to continue. Clean Consolidation Flag in progress near the Long term Flip Zone. Expect Uptrend to Continue
Down Trend to continue. Trendline Break to act as Resistance Zone. Down Trend Can Extend itself & Work towards Parity
Euro Yen is in a Trading Range With Lots of Room & Expect Downtrend to Continue
Expect Flip Zone to Provide Some Support or Consolidation But Eventually Downtrend will Reinforce itself. Lots of Space to Bottom of Channel.
Expect Long term Channel can Provide Support. But Long term Channel Break will Provide a High Probability Trade. But Continuing Shorts until Such time.
Nifty Following the Channel after a Breakout from Pattern. with Various Levels of Support.
Used up Long Term Demand Zone Produced the Bounce. Expect Some Rebound on Retest of Demand Zone & Breakdown later for Continuation for Downtrend.
Breakout Pullback Continuation of Russell 2000 Confirmed Breakout Entry .