USD/INR - Testing support, ready for the next rally

USD/INR testing support, ready for the next rally?

Since the 58.20 low this cross has tested the support-line multiple times and every time the support-line has protected the downside for the next move higher. I do think this will be the case this time too. but we need a break above minor resistance at 60.42 to accelerate prices higher in wave (iii) to 62.47 and possibly even higher to 64.15.

Only an unexpected break below 59.74 will delay the immediate upside pressure for a decline closer to 59.62 before a new push higher could be expected.

Duane
2014-08-29
Hey EWS,

Great work on the GBPCAD and the NZDCAD. These are the type of opportunities that I am looking for, monthly turns caught with daily or hourly entries. Easy money!!

Duane
Duane
2014-05-27
Hi EWS,

Just wanted to send a word of thanks for all of the hard work that you
do, and to show you that I personally have paid for my subscription many
times over with the fantastic work that you...
Felipe
2014-05-26
Hi,

I recently tried a 30 day membership and I am very happy with the service. Pls keep up the great work!!! I will continue renewing!!

Felipe