Nifty is trading below H&S pattern which indicates to come 5550-5600 levels very soon. But according to my thinking another H&S pattern we may see as i indicated in chart and recent downfall should be in 5 wave where 3rd wave has been completed . 1hr. chart indicates oversold so thatswhy a bounce back possible in ABC wave of 4th wave .
Friday, March 1, 2013
Tuesday, February 26, 2013
USDINR,USDX,COMEX GOLD WEEKLY
COMEX GOLD WEEKLY |
USDINR |
MACD & RSI OF USDINR |
USDX |
USDINR DAILY--- According to chart pattern it may go down fall to completeing of 5 wave pattern very soon as well as Inverse H&S formation and indicators are also indicating to make inverse h&s formation . But i am very bullish for mid term to longer term in USDINR chart.
USDX----weekly chart shows H&S formation As well as RSI also but cann't say longer term bearish in USDX but yes , could see in mid term (down)
Comex Gold----Since 1 year gold is trading in a range from 1525 to 1800 levels in WXY wave method.and recent fall in 5 wave that indicates it may compelete near 1525 levels of Y wave as i feel at tihs time.
My thinking says gold could rise from this levels to upward ( positive impact happens could be falling in dollar )
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