USDINR Positional View 19-Oct-2014

As per my analysis, I am still bullish and expecting, more upside minimum targetting 62.44, 62.90.

If USDINR supported by 60.49/60.17, upside targets are: 61.81 (done), 62.10, 62.44, 62.64, 62.92.

My positional targets are: 62.90, 63.90, 65.

 Long term upside target: 68+++.

USDINR Positional View 01-OCT-2014

USDINR
Based on my daily Chart, I expect USDINR to move up. It has already done minimum upside move at 60.80, but still I expect upside move.
Upside retracement levels: 62.25-62.30, 63.40-63.55, 64.50-64.75, 65.50-65.70, 66.40-66.60. Above 68.75 Highly Bullish.

Note: Already broken res 61.73.

Support: 58.30.

Based on my wave count, I expect up move with base support at 58.34/60.17.
Upside targets: 62.45-62.60, 62.90-63.10, 63.75-63.90, 65-65.20, 66.20-66.50, 67-67.30.
Above 68.73 HIGHLY BULLISH.

Present Chart - As on 03-MAR-2015

USDINR View 22-Sep-2014

CMP 60.84

In the bigger picture, USDINR, almost done retracement between 38.2% to 50% and made low 58.34 from 68.73.

If 58.34 is the end of down move as wave 4 I expect up move towards 68.73+.
If 58.34 supports upside retracement levels are: 60.76 (done), 62.30, 63.52, 64.75, 65.68, 66.49, 68.73 (100%).
60.76 lies between 23.6% to 38.2%.

If 61.21, 61.73 restricts, I expect 60.17, 59.81, 59.57, 59.21 on the down side and max 58.34.

If 58.34, 60.17 supports, I expect minimum upside move as 61.73. Above 61.73 I am bullish and further targets 62.50, 63, 63.80, 65.10.

Any move below 58.34, there will be big fall.
Down side targets: 55.90, 54.37, 51.94.

Based on 1H TF, I expect down move If 61.21, 61.73 restricts:

DOWN SIDE TARGETS: 60.17, 59.80, 59.57, 59.21, 58.60, 58.34.




But from my perspective, I expect 58.34 will support and expecting to move on the upside, minimum target on the upside 68.73.

Let us see how the market move on.

USDINR Analysis 31-July-2014 UPDATE 05-Aug-2014

USDINR is going according to my analysis till now. Please check my previous chart and present chart.
Still I expect upmove in USDINR. Now, Upmove targets are: 61.30, 61.53, 61.72, 61.82+++.

PRESENT CHART:

PREVIOUS CHARTS:

Previous Analysis on 31-July-2014.

Let us wait and watch how this progresses.

USDINR Analysis 31-July-2014

As per my analysis, I expect USDINR to move on the upside positionally.

Based on Daily Chart: 60.49(done made high 60.50), 60.99, 61.30, 61.81.

Based on Hourly Chart: 60.41 (done), 60.63, 60.77, 60.99.

WILL UPDATE WAVE 4 CORRECTION WAVE CHART LATER.

USDINR Analysis 6-July-2014

Based on the Daily Chart, I expect down side correction in USDINR.
The retracement levels are: 59.98(done), 59.68(done), 59.42, 59.16, 58.97, 58.80, 58.34 (100%).

Based on the Hourly chart, the down move targets are: 59.51, 59.35, 59.07, 58.64.

 Downside Targets: 59.98, 59.68, 59.51 (done), 59.42, 59.35, 59.16, 59.07, 58.97, 58.80, 58.64, 58.34 (100%).

Below, 58.34, we can see more down move.

Now, the resistances for USDINR are:
Resistance: 60.41, 60.49
Small resistances: 59.82, 60.19.

Break above 60.49, we can see 60.99, 61.30, 61.81++.

As of now, USDINR is in down trend. Let us wait and watch.

Breakout Levels: 60.49(UP), 58.34(DOWN).

USDINR View 30-June-2014

Down Side:
If USDINR restricted by 60.49, 61.19, 63.34, we can see down move towards 58.34, 57.29, 56.61-56.40, 56.07. Below 58.34 BEAR.

Up Side:
If USDINR supported by 58.34, we will see 61.82, 63.89-62, 68.73 Positionally. Above 61.19 BULL.

Short term: If USDINR Restricted 60.41, 60.49, we may see 59.34.
Upside retracements: 60.07, 60.14, 60.19, 60.24, 60.28.

Positional Calls Update

NYMEX Crude

14-05-2014 09:27: Targets for BULLS. ie., 100.4, 101, 101.4, 102.18, 102.65, 103.35, 103.93, (Achieved) 104.98, 105.21, 110.50, 112.09, 129.48, 132.49.

MCX Crude

12-05-2014 10:00 and 14-05-2014 05:16: If 5973, 5962, 5933 holds support, up move is in track. Upside targets would be 6194-6202, 6227-6241, 6335-6339, 6414, 6549. Immediate upside target would be 6093-6105.There may be pull backs. NOW as long as 5930 holds support, buy on dips is the strategy. I am in buy from 5978.

http://freetradingcallss.blogspot.in/2014/06/crude-positional-call-given-on.html

MCX Natural Gas

27 May 2014

If 253.40, 254.10 holds support we can see NG upside move. Targets: 262, 263.21, 268.7, 272.43, 278.16, 281.74, 286.86, 293.45.

Now, the entry should be on pull back towards 255-258 with strict SL 253.

http://freetradingcallss.blogspot.in/2014/05/ng-positional-view.html

USDINR

4 June 2014

If 61.19, 63.88 resists, we can see down move. Downside targets are: 57.73, 56.60, 56.08, 53.76.

Based on this view, currently wave b correction is in place, if 58.34 holds support, we will see 59.43, 59.76, 60.35 and max 61.19.

It should not go above to 61.19. If it crosses 61.19, then next resistance is 63.88.

http://freetradingcallss.blogspot.in/2014/06/usd-inr-view-4-june-2014.html

MCX Nickel

8 June 2014

I expect Nickel to move down upto 1080-1045. And from there I expect a strong reversal, which targets minimum 1280. Next targets on the upside are: 1327, 1500+. Stop loss can be determined once the reversal starts.

http://freetradingcallss.blogspot.in/2014/06/nickel-08-june-2014.html

MCX Gold

 Gold View 13-June-2014

As per my analysis, if 25755 holds support, we may see 26932, 27660 positionally. The main trend of Gold is Down as per my analysis. This up move is just a retracement. This view will be correct if and if only 25755 holds support.

 http://freetradingcallss.blogspot.in/2014/06/gold-view-13-june-2014.html

USDINR View Update

Have done USDINR analysis on 4th June, 2014, based on 1Hr chart.  You can check the chart using the below link.

It has done exactly, as per my analysis.
Made the down move and achieved 58.99 (61.8% retracement). Reversed  from there and now it is trading at 59.64, made high of 59.72.
My tgt is 59.75, it made high 59.72 as of now.

Analysis Chart:

Post:
http://freetradingcallss.blogspot.in/2014/06/usd-inr-view-4-june-2014.html


Present Chart: