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Monday, August 10, 2009

(1) USD/INR & USD/Euros Chart ::




We are plot here two chart one of USD/INR and second one is USE/Euros both are in Cycle corrective mode..
Once USD/INR close below 47 next cycle double 3 of X target in between 43.75 to 46.25.. And H&S target also match near 43 Rs
In USD/Euros chart Cycle flat A-B-C of B moving down with Primary double zigzag w-x-y of x may be over OR if still pending may be reach near 0.725 and again tern down to finish B with y ..Cycle Flat B target in between 0.56 to 0.66
Finally both charts with all currency pair US Dollar index looking week in coming days and its match our bullish Inverted Head and Shoulder pattern of Dow Jones and Nifty/Sensex chart .. May be in all word stock market corrective bullish rally still on for midterm.. Enjoy the ride with strictly stop looses because of corrective up move..
Short term uncertainty is still there so be careful in buying at higher level..

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