Very Unusual Gap (1 viewing) (1) Guest
|
TOPIC: Very Unusual Gap
|
|
USD/INR 1 Year, 6 Months ago
|
Karma: 0
|
|
sir,
I wanted your opinion on USD/INR as per present market condition.
regards
sunil pillania
|
|
|
|
|
|
|
Re:USD/INR 1 Year, 6 Months ago
|
Karma: 11
|
|
US$ INR appears to be in wave 3 of a Multi month Impulse. Wave 3 of 3 at the moment is about 0.618 of the amplitude of wave 1. While this is acceptable, I am of the opinion that we should see further strength in the US$. Equality to the amplitude of wave 1 gives us a target of 57.22.
A correction could appear anytime, but as long as 48.5 holds, we should maintain a bullish stance on the US$ for a target beyond 57.22
|
|
|
|
|
|
|
|
|
|
