Category Archives: Positional Trading

On WEEKLY timeframe, USDINR has hit the upper part of various parallel channels in which its moving since early 2008! Also, it could be the probable end of the 3rd wave in Elliot Wave analysis! The region of 60.9-61.4 could … Continue reading →

Dollar Index has sharply fallen since the start of this week. But it has found support at or around the 200-DMA which is also the 50% fibonacci retracement of the move from lows of September, 2012 to highs of May, 2013. It … Continue reading →

Now, let us take a closer look of waves structure in daily charts! This upmove could be the final push to reach something respectable. The strength of the current move could take EURUSD to 1.38349-1.39673. Basically, 1.4 level could be … Continue reading →

The recent down move in GBP-USD has confirmed the triangle breakout which was in the making since early 2009! In fact, on the weekly charts it is below its 21/55/200 moving average. Also, it is in the 5th wave of … Continue reading →