USDINR

USDINR


  • 04 Nov 2020 06:35 AM

If I make a slight change to the USDINR wave count based on monthly and weekly charts then it looks like this. Wave Y of a bear market in the currency pair completed. After that an a-b-c move higher has retraced 61.8% of wave Y in an X wave near 75. Failure to surpass 75 should complete wave v of c in the short term inside the X wave. Next wave Z down is due to get started. Wave Z will be an A-B-C decline that will go back toward the trendline of the lows or the previous swing low in Jan 2020 near 71.50 or 70.50. respectively.



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