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A buyer could enter between 1.15295 – 1.15127 levels?
OUR PREFERENCE
Position Above the buyer zone with targets 1.16040 – 1.16502 in extension.
ALTERNATIVE SCENARIO
Below the buyer zone look for further downside with 1.14731 – 1.14360 – 1.14062 as targets.
Note:
EURUSD index may strongly support found at 1.15127 level.
USDINR : Risk on continuation?
USDINR will see risk on continuation.
Not a perfect time to sell USDINR; wait for the exact level.
OUR PREFERENCE
Position Above 110.998 with targets 111.204 – 111.304 – 111.548 – 111.689 in extension.
ALTERNATIVE SCENARIO
Below 110.998 look for further downside with 110.898 – 110.792 – 109.759 as targets.
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USDINR: THREE TARGETS HAS BEEN ACHIVED (69.791 – 69.990 – 70.283)
What Had I strongly recommended for USDINR before market open?Click here.
Our preference
Short positions above 69.588 with targets 69.791 – 69.990 – 70.283 – 70.688 in extension.
Alternative scenario
Below 69.588 look for further downside with 69.470 – 69.092 as targets.
Comment
MACD, RSI and STOCH RSI are the clear indication to traders.
What had I written about EURUSD @ AUG 19, 2018, 22:05 PM (IST)? Click here.
Our preference
Long positions above 1.12962 with targets 1.15308 – 1.16340 – 1.17498 in extension.
Alternative scenario
Below 1.12962 look for further downside with 1.11180 as targets.
Second target has been achieved, 1.15308 – 1.16340 level.
Is it a time for reversal or last target? Hurry! Click here.
Our preference
Short positions above 69.588 with targets 69.791 – 69.990 – 70.283 – 70.688 in extension.
Alternative scenario
Below 69.588 look for further downside with 69.470 – 69.092 as targets.
Comment
MACD, RSI and STOCH RSI are the clear indication to traders.
Our preference
Long positions above 1.12962 with targets 1.15308 – 1.16340 – 1.17498 in extension.
Alternative scenario
Below 1.12962 look for further downside with 1.11180 as targets.
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LockWhat had I written about USDINR @ JUNE 25, 2018, 12:43 AM (IST)? click here
Caution: Top breakout can make this pair unstoppable upside. That’s why I named Storm’s Initiator on the above chart. We may see these levels: 69.450 – 70.291.
Support Trendline Channel 1 (2012 – 2017): A Solid Uptrend – It had been broken on May End
Support Trendline Channel 2 (2011 – 2018): Trying to Resume The Uptrend of STC 1
All Top Levels are Working as Strong Resistance. STC 2 is failed to hold uptrend as per Elliot Wave Signal.
As per EW, the upcoming target is 67.464 – 66.254 – 65.897 – 63.717 levels.
Caution: Top breakout can make this pair unstoppable upside. That’s why I named Strom’s Initiator on the above chart. We may see these levels: 69.450 – 70.291.
On USDCAD Index, 50% Correction awaiting ahead because it had overbought in the previous week.
The Technical Indicator STOCH (14, 14, 3, 3) is indicating sell signal on U.S. Dollar / Canadian Dollar pair. FX Traders could take profit at 1.31954 – 1.30478 – 1.29520 levels.
Its price can hike if USD CAD index crossover or close above the resistance level (1.34378), you can see the 1.35500 – 1.37788 levels.
