USDINR – Cash The Chaos

USD breaks out of range

Jai Bala — Fri, 21 Oct 2011 00:59:02 +0000

The regulars of this blog would recall my August post on the USDINR cross rates. Within that larger picture, the short-term is moving to the next stage.

INR - Breakout from a consolidation

A narrow consolidation after a powerful move and a wide range bar. The next stage of Rupee weakness is here.

USD breaks out of range

Jai Bala — Fri, 21 Oct 2011 00:59:02 +0000

The regulars of this blog would recall my August post on the USDINR cross rates. Within that larger picture, the short-term is moving to the next stage.

INR - Breakout from a consolidation

A narrow consolidation after a powerful move and a wide range bar. The next stage of Rupee weakness is here.

Focus shifts to INR

Jai Bala — Wed, 01 Sep 2010 03:21:51 +0000

As mentioned in my August 27th post, the Indian Rupee has hit the upper borders of the trendline and looking at today’s SGX Nifty at pre-open and early currency market moves, it may be moving along expected path. This is shown in the chart below:

USDINR Daily Chart

So if USDINR charts this path, the stock markets should take an inverse path – that either stalls under highs of August or makes a high slightly above 5600 and pulls lower sharply when INR breaks out of the symmetrical triangle. The chart below shows this scenario on Nifty.

Nifty Daily Charts