Tuesday, December 13, 2011

USDINR, EURUSD, COMEX GOLD

USDINR

EURUSD 
 5 wave may be completed near 53.50---54 levels in USDINR which indiactes fall in ABC wave pattern , that will be help for equity market in future to grow but Nifty should touch 4400-4500 levels very soon according to me . if it happens then most probability to add more buying position in Equity market near 4400 levels for at least 3months then see free fall. Same thing as like USDINR in EURUSD .

COMEX GOLD
After broken down below previous low 1665 levels indicates down fall may be continue till the 1600 levels which is Fibonacci strong support point and H&S in RSI indiactes also down fall where 1620 is a good support levels on monthly chart. 

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