Mar 13 2018

EURINR – Technical Commentry

EURINR Seems facing a strong resistance/supply zone at  levels around 80.50-81.00. Momentum indicators are indicating a huge amount of supply/selling in the pair. 14-day Relative Strength Index, MACD and Slow Stochastic all are giving sell signal with a negative/bearish divergences, take a look at the chart – price action peaks(marked by Red Line) are going

Mar 10 2018

USDJPY – Technical Commentry

USDJPY:-  Dollar against Yen stopped its losses after reaching the oversold territory and started recovering from the bottom marked at 105.23 on 2nd March 2018. On the daily frequency chart there is a formation of dual candlestick price reversal pattern “Piercing Pattern”, in which the 2nd candle had opened with a lower gap of 5

Mar 01 2018

Elliot Wave count – Crude Oil(NYMEX)

Technical View:- On a daily chart of Crude Oil  (NYMEX), Elliot wave count is seen by  fulfilling all its technical assumptions, like the 3rd wave is the longest of all in the whole wave count and the Wave 4 is not overlapping with the price territory of wave 1. The very 1st wave had started

Feb 27 2018

USDINR Ideas – Will the nervousness prolong?? – 27Feb18

The rupee was trading range-bound between 63.40-64.40 for a month and a half since the dawn of new year. Abruptly, within 4 trading days, rupee weakened from 63.80 to 65.10. What drove this weakness is common knowledge. Let’s make a calculated guess as to what lies ahead. Consider the following: After pumping in handsomely in

Jan 30 2018

Will dollar trace a bottom?

Wow, the forex markets continue to excite (have spent almost 2 decades and still feel young, energetic and exploring – miles to go J) Latest obsession is Euro/GBP/major currencies’ surge and the resultant plunge in the dollar index. There have been dramatic moves in currencies since the beginning of the new year (to say the

Jan 12 2018

EURUSD – Cup and Handle on Weekly chart

  The euro climbed to a three-year high after German Chancellor Angela Merkel’s conservatives and rival Social Democrats reached a breakthrough in coalition talks.  The news gave fresh legs to the current rally being driven by expectations that the European Central Bank may quicken the pace of trimming its massive monetary stimulus. On Thursday, minutes