Friday 12 January 2018

US Dollar Idex - On it's way to 65?

This is in continuation of the earlier posts on DX published here on (13/Sep/2017),  (1/May/16) and (5/Feb/2016). Now it appears top was made in Jan 2017 and the DX is now progressing downwards towards long term lower trend line as was stipulated in the post published on 1/May/16. The updated chart from 1/May/16 is produced below. The lower trend line may be reached around 60-65.





Sunday 7 January 2018

USD/INR - Bullish Indian Rupee

Following is the monthly chart of USD/INR since last almost 45 years. 



The key observations from the chart are:

1. USD may have formed a major top in Feb 2016 at 68.909 and is undergoing correction since then.

2. It may also be possible that the secular bull market in USD ended at the above mentioned major top. 

3. The  peak rise in USD vs INR was during 190-1991. USD rose almost 50% against Indian Rupee. This is what happens during peak wave 3.