USDINR: Re-visited and Elliott Wave Forecast

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USDINR 60 mins chart


In my previous article on USDINR I had mentioned that prices are not here to move up from current levels but will reverse and move down till 71-70.9. My wave counts were slightly change but my view was very much the same. I had a doubt and had mentioned that something else will be in making which exactly happened. Here is the link

https://www.marketanalysiswithmeghmody.com/2019/11/usdinr-detailing-with-help-of-elliott.html

From wave perspective my view was down and was confident in reaching till 71-70.9, prices made a low of 70.6. It came close to its previous low and is now showing signs of reversal. The entire wave ii was completed in complex correction (w-x-y) and it seems that wave iii will now start and can reach till 73-73.5 odd levels by next quarter. My view now is firmly bullish for this pair.

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