A Currencies Post.: INRUSD and EURUSD

INR USD
Well INR got its new symbol and is ready to rock.
Longer Term chart of INRUSD


INRUSD has entered Primary degree wave 3 up with a target of approximate ~65 to USD. This is a very aggresive target so I have broken down the targets to Intermediate and Minor.

I am considering INRUSD to reach first 48.82 (cmp 46.82), with a Stop Loss of 45.70.

INRUSD Wave Count:

 HnS and Cup and handle

Refer chart for comments:

A larger Inverted HnS and Flag possible:

EUR USD
Some time around in May I had done a post on EURUSD titled "EURUSD Monthly HnS", showing a larger Monthly HnS. Well, time has passed and seems EURUSD is done with Neckline Testing and is headed south.

This is updated chart of EURUSD. Refer chart for comments.

These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students

EUR USD: Monthly HnS

The credit for this chart goes to Mr. Rohit Srivastava, i had received the chart from him. I am takin this chart from GCI Trading platform.

There is huge Monthly Head and Shoulder (HnS) on EURUSD. The current price of EUR USD is 1.2730. Based on HnS, target works to 0.9002

These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students