In the video I'll talk about the USDINR Forex pair or the Indian Rupee. The Rupee took a large tumble recently, we're going to take a look at the USDINR pair chart & give you an update on what's happening with the trend that we've seen recently. I'm also going to take a look at some of the major/critical resistances & supports & name them for you in this video.
The USD/AUD has been on a bull run since the beginning of March 2013, we're now seeing a new stop loss and some new support levels for the up-move. Watch the video to know in detail our analysis of the future of the up-move in USD/AUD & the various support levels we see in it.
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New support levels for the bull run on USD/AUD - Video - http://www.youtube.com/watch?v=4LEF04C5YNg
USD/EUR the currency pair has been in a very large sideways zone for the last 5 odd years, all bullish trends did not last over 6 months except for just one in 2012. Now the Forex pair has entered an even smaller compressed price zone since the last 8/10 months. We take a look at this in our new video in detail.
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USD/EUR Currency Pair Video - http://www.youtube.com/watch?v=mamIGxO32d8
The USDINR pair has remained in a wedge since we last looked at it in Feb 2013, just before the budget. A recent intermediate down trend began at the break of support at 54.37, now it is to be seen how far this trend takes us. We see a topping possibility in the pair but it has yet to break critical support, which is now at 53. If and when the support at 53 is broken, we'll see USDINR slide further lower rapidly with significant support only at 47.29. On the upside we do not see anything happening soon until the break of resistance at 56.2 with a significant close above it.
For now the intermediate trend in USDINR is downwards & since the possibility of topping is high the long term trend is also downwards with the following supports and resistances.
S1 - 53 R1 - 55.45
S2 - 47.29 R2 - 56.2