Tag Archives: Indian Rupee

Elliott Wave Technical Analysis of Indian Rupee INR

Elliott Wave Analysis of the Indian Rupee should be of interest to you even if you have no interest in this currency! EVery post in Wave Times seeks to give you an insight on how to use Elliott Wave analysis … Continue reading

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Elliott Wave Analysis of USDINR Indian Rupee

There have been many calls for an analysis of the Indian Rupee, which has recently seen a bout of weakness. I am often amazed at how importers and exporters alike are not able to take simple decisions about hedging at … Continue reading

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Is the Indian Rupee ready to trap the bulls?

The Indian Rupee is again above the 50 level, and both exporters and importers are anxious about its prospect. I had taken a stance several weeks ago that the currency is more likely to be at 45 than at 57. It actually topped out earlier around 50.25 and declined below 47. But now it has climbed back above 50, creating doubts about its near term outlook Continue reading

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Indian Rupee Revisited

On October 21, soon after we saw calls for the Indian Rupee at 57 to a dollar, I suggested we could be heading the opposite direction, towards 45.25. The idea was based on the Elliot wave view that after a 5th wave extends, we should get a sharp reversal down to the 2nd wave of the 5th Continue reading

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Will INR go to 57 per USD?

I have great respect for people who put in a lot of thought and come up with fundamental reasons why a certain move should take place. Thus, when I read a report from a leading (investment) bank that the Indian Rupee could reach 57 to the Dollar, I took the time to read it carefully. Continue reading

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