Thursday, September 12, 2013

USDINR Elliot wave formation expected target of 75.2 - 82.8

USDINR Elliot wave formation expected target of 75.2 - 82.8

25 MAR

COMEX GOLD : SELL  AT CURRENT MARKET PRICE @1610 .
    TARGET - 1606 - 1600 below 1595 - 1585 - 1570 - 1565 - 1555 and even more  .
    STOP LOSS - 1617

1 FEB

COMEX GOLD :POSITIONAL SELL @1680 
                              STOP LOSS 1700 ,
                               TARGET 1650 - 1610  BREAK BELOW MAY TEST 1580-1560 -1550 









GOLD SELL ACHIVED 
 LOW 1552 .
HAPPY TRADING

June 1

COMEX GOLD : BUY AT CURRENT MARKET PRICE @1550 .
    TARGET - 1575 - 1595 - 1605 - 1615 - 1625 - 1635 .
    STOP LOSS - 1535







TODAY GOLD HIGH 1628 ...ALL TARGET VERY WELL ACHIEVED .

May 24

Rupee tested the level of 56.35 in spot and 56.50 in May future as expected moving higher ,,,
Expected to trade and test the level of 56.5 - 57.5 immediately and will be in the range of 58 - 56.5 for some time and then crossover above 58 will bring to 60 - 61 in 2 - 3 months time frame.
Support is seen at 55 zone in spot market and once its cross will test 54.3 - 53.5 only closing below 55 is required. ,,
Near term target is coming at 58 and 59 also.,, be prepare from the upside move above 60 and do not get shock if it goes ....
We all are looking at Greece problem and Euro Zone .... have u seen in INDIA what its facing ,, its much bigger then all this in ratio wise,,, look at the pace rupee came up from 48 to 56 in 2 months and where it will go further ,,
 IF I SAY 66 - 68 CAN NOT BE RULED OUT !!! red alert

MAY 06

COMEX GOLD SELL @ 1645  ....TARGET 1630 - 1610 - 1595 - 1580 -1575 ,below 1550 - 1530
         

EUR/USD SELL @ 1.3134 ........ TARGET 1.3105 - 1.3095 - 1.3055 - 1.3005 - 1.2950 

Mar 22

                                        EUR & POUND SHORT TERM TREND

Above Chart shows a good example of a head-and-shoulders top. The three bumps are clearly visible, with the center bump being the highest of the three. The left shoulder usually appears after an extended uphill run. The entire formation seems to stand alone when viewed in the context of a year’s worth of daily price data. This stand-alone characteristic makes the head-and-shoulders top easily identified in a price series. A head-and-shoulders top formation where the center peak towers above the other two. A pullback to the neckline occurs frequently. A trend line drawn along the bottoms of the two troughs between the three peaks forms the neckline. The line may slope in any direction but slopes upward about 52% of the time and downward 45% of the time with the remainder being horizontal. The direction of neckline slope is a predictor of the severity of the price decline.

EURUSD: Technically Euro has rose from the level of 1.2620 level and has rose to the level of 1.3120 and short correction of the rise testing the level of 1.2975 forming the Left Shoulder. There after the rise from the level of 1.2975 tested the fresh high of 1.3485 was the top of the Head and again tested the lower support @ 1.3000 levels where the neck line was seen and also the double bottom was formed. Short bounce was seen from the double bottom level testing the level of 1.3285 which was the resistance of Left shoulder & rise by 61.8% of the fall where reversal in price is expected from here. On lower side support is seen at 1.3000 to 1.3030 level where the Neck Line is coming and sustain trading below the same will bring to the lower level of 1.2700 to 1.2660 level in near to medium term.

GBPUSD: Technically Pound has rose from the level of 1.5235 level and has rose to the level of 1.5925 and short correction of the rise testing the level of 1.5640 forming the Left Shoulder. There after the rise from the level of 1.5640 tested the fresh high of 1.5990 was the top of the Head and again tested the lower support @ 1.5617 levels where the neck line was seen and also the double bottom was formed. Short bounce was seen from the double bottom level testing the level of 1.5920 which was the resistance of Left shoulder & rise by 76.4% of the fall where reversal in price is expected from here. On lower side support is seen at 1.5600 to 1.5640 level where the Neck Line is coming and sustain trading below the same will bring to the lower level of 1.5300 to 1.5250 level in near to medium term.