Waves Strategy Advisors
  • About Us
  • Services
    • Ashish Kyal Trading Gurukul
    • Equity Research Report
    • Nifty Trading Research Report
    • Multibagger Stocks
    • Momentum stocks
    • Commodity Research Report
    • Currency Research Report
    • Intraday / Positional Advisory
    • Monthly research report
    • Global Market Forecasting
    • Outsourcing Research Solutions
    • Trading and Portfolio Advisory
    • Chat Assistance
  • Pricing Plans
  • Free Articles
    • Stocks
    • Commodity: Energy & Base metals
    • Global Strategy
    • Currencies
    • Precious metals: Gold & Silver
    • Trading Lessons & education
  • Mentorship
  • Trading Gurukul
  • Trader’s Forum
  • Press Room
    • Press Release
    • Media Coverage
    • Elliott Wave Channel
  • Contact Us
  • Mentorship
  • Quick Payment

  • Subscribe

  • Events

  • Free Member Login

  • Contact US
Waves Strategy Advisors
  • Call Us On.....91 9920422202
  • Or simply...Enquire
  • Connect with us...
  • About Us
  • Services
    • Ashish Kyal Trading Gurukul
    • Equity Research Report
    • Nifty Trading Research Report
    • Multibagger Stocks
    • Momentum stocks
    • Commodity Research Report
    • Currency Research Report
    • Intraday / Positional Advisory
    • Monthly research report
    • Global Market Forecasting
    • Outsourcing Research Solutions
    • Trading and Portfolio Advisory
    • Chat Assistance
  • Pricing Plans
  • Free Articles
    • Stocks
    • Commodity: Energy & Base metals
    • Global Strategy
    • Currencies
    • Precious metals: Gold & Silver
    • Trading Lessons & education
  • Mentorship
  • Trading Gurukul
  • Trader’s Forum
  • Press Room
    • Press Release
    • Media Coverage
    • Elliott Wave Channel
  • Contact Us

USDINR is following footsteps of Elliott wave! How to form trading strategy?

  • Waves Strategy Advisors
  • Currencies
  • USDINR is following footsteps of Elliott wave! How to form trading strategy?
08Jul 2020Ashish KyalCurrencies
Shares

Understanding the trend of USDINR with the application of Elliott wave, Channels and Bollinger Bands

At times it is amazing to see that Indian Rupee – USDINR is moving in lines with our expectation and it has been following the Elliott wave theory very well. Post witnesing sharp fall from 75.65- towards 74.60 levels, the pair is now making attempts to bounce off from the channel support and steadily move in upward direction.
Now what to expect next and how to trade this currency pair? Below is the part of research taken from “The Forex Waves Short Term Update” which was published in today morning.

USDINR hourly fut chart with Bollinger Band:

USDINR is following footsteps of Elliott wave! How to form trading strategy?

(Part of research taken from Forex report published today morning)

Wave Analysis:

As shown on hourly chart, Prices are moving in well channelized manner as the pair is respecting channel’s support and resistance trendline in earlier instances. As per wave counts, the entire pair is moving in the form of Diametric pattern on higher degrees. Recently you can see wave (e) terminated near the support trendline post which prices bounce off and currently wave (f) is unfolding on upside.

Currency pair is moving higher towards its upper Bollinger band and important resistance near 75.20 posts bouncing off from the lower Bollinger band. Decisive break is required if we are able to see breakout and sustain above the upper Bollinger band resistance than buying movement may continue.

In nutshell, given the study of Elliott wave, Channels and bands altogether these are suggesting positive movement might be seen in further session.

The above research shows the power of catching important support and resistance level break of which provide bigger swings. To know what will be the next move of currency pair subscribes to our Forex report which also covers USDINR, EURINR, and JPYINR & GBPINR. Subscribe here

Get strategies which could be applied across all segments in the upcoming ONLINE training scheduled on 25th &26th July in Master of Technical analysis (MOTA). Also learn about Neo wave, Elliott wave, Time cycles scheduled on 22nd and 23rd August (MOW). You do not necessarily require prior knowledge of technical analysis and we will ensure you get it right from the very basic to most advanced level. Dedicated discussion groups will be created to keep the learning going in future. Register now under Early bird offer which ends on 12th July 2020 Know more here

Shares
Tags:
bollinger band, Currency Market, profit, Trader, Trading, USDINR
  • Read Prev
    How to trade USDINR with Elliott Wave Pattern and Fibonacci

    Share Your Views Cancel reply

    Recent Posts

    • Smallcap Positional Trade Setup with Targets Despite of Collapse!
    • Master Of Technical Analysis Season – 2 (10th & 11th April 2021)
    • Bank Nifty Neo wave pattern combined with Ichimoku Cloud

    Connect With Us

    +91 22 28831358 / +91 9920422202
    helpdesk@wavesstrategy.com
    204, Triumph Industrial Estate
    Dindoshi Pada
    Goregaon East,
    Mumbai 400063

    SEBI “Research Analyst” No: INH000001097

    Quick Links

    • About Us
    • Services
    • Free Articles
    • Trader’s Forum
    • Pricing Plans
    • Education
    • Press Room
    • Media Coverage
    • Elliott Wave Channel
    • Events
    • Faq’s
    • Testimonials
    • Contact Us

    Recent Tweets

    2020 Copyright © Waves Strategy Advisors All rights reserved.

    Career | Terms & Conditions | Privacy Policy | Disclaimer | Site Map