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Browsing: Inr
There have been numerous requests for Elliott Wave analysis of the Indian Rupee or USDINR. Readers from India have been…
Just a quick one, to catch your imagination. Whether you are trading the weekly charts, or the 5 minute chart,…
From an Elliott Wave perspective I don’t think that we have seen the end of the move for USD/INR yet. There is still a pretty good chance we will retest the recent highs of 52.75 levels.
Elliott Wave Analysis of the Indian Rupee should be of interest to you even if you have no interest in…
There have been many calls for an analysis of the Indian Rupee, which has recently seen a bout of weakness.…
The CFO of a large corporation based in India asked me whether it is possible to analyze the USD/INR using…
The Indian Rupee is again above the 50 level, and both exporters and importers are anxious about its prospect. I had taken a stance several weeks ago that the currency is more likely to be at 45 than at 57. It actually topped out earlier around 50.25 and declined below 47. But now it has climbed back above 50, creating doubts about its near term outlook
On October 21, soon after we saw calls for the Indian Rupee at 57 to a dollar, I suggested we could be heading the opposite direction, towards 45.25. The idea was based on the Elliot wave view that after a 5th wave extends, we should get a sharp reversal down to the 2nd wave of the 5th
I have great respect for people who put in a lot of thought and come up with fundamental reasons why a certain move should take place. Thus, when I read a report from a leading (investment) bank that the Indian Rupee could reach 57 to the Dollar, I took the time to read it carefully.