Some of my forecasts

[4xpipcounter]

Concerning the USD/INR

My chart is all over the place concerning the USD/INR.I don't trade it, so I don't intimately follow it like I do the big 10 in forex, or for that matter, the other 18 pairs I trade. I don't want to give the wrong analysis based on what I am looking at, so the analysis on the pair is postponed until I can make heads or tails of it.

 

[4xpipcounter]

Usd/inr

The way price reacts to begin the week will have a strong bearing on the direction of this market the entire week. There is not much room for this market to move south unless it is violent, and the trend will be that way the whole week. OTOH, we could get a move north to start, and it will continue that pattern. Because of mixed signals on all TF's, it is 50-50 either way.

 

[4xpipcounter]

Weekly S&R's--020611

As per my forecast for the USD/INR, if we got any kind of a move down, it would be violent. The pair is already at my WS1.
The markets have all been by request, so it you did not get the weekly S&R's for your market, it is because you did not request them.

USD/INR: 46.22, 45.91, 45.74, 45.37, 45.19, 44.89
Nifty: 5584, 5490, 5433, 5318, 5261, 5167
Natural Gas: 4.542, 4.401, 4.316, 4.146, 4.060, 3.919
Gold: 1385.29, 1368.38, 1358.52, 1338.80, 1328.93, 1312.03
Silver: 30.89, 30.00, 29.52, 28.56, 28.08, 27.20
Crude Oil: 93.25, 91.24, 90.03, 87.60, 86.39, 84.38
DIJA: 12368, 12215, 12125, 11948, 11858, 11704

 

[4xpipcounter]

Usd/chf

The cluster event at .9597 was hit perfectly. Look for cluster S to contain at .9529, or the next cluster S at .9472.

 

[4xpipcounter]

Djia

This is as per a request in my C-box from my blog-- the longer term perspective of the DJIA:

On the previous break, I was thinking it might be the reversal that leads into a bigger picture drop for this market. That did not happen, but then, my YR1 has also not been hit. That could be the signal at 12180.50, for the reversal. The tri-fecta is alive and well, but without a stochastic crossover on the monthly. For now, some key levels to look that would signal it is time for the reversal would be a 4-hour finish below the 4-hour tenken, and then a daily close below the daily tenken at 11929.90. Those levels are tracking price flow closely, so once the YR1 has been hit, that could be all that is needed to send this market south the rest of the year.
Some objectives that would be forthcoming are the daily kijun at 11826.80, weekly tenken at 11724.80, the weekly kijun at 11025.50. The monthly tenken at 10851.50 is going to be strong S on the way DOWN, so that should be a good place to go long, as it is also a strong cluster area. Either that area hold for a resumption of the UP, or it eventually gets take out, as we head to 9303.30.
This is just something else to keep in mind. We are looking at the higher TF's, thus the tri-fecta. This whole thing does not mean it will happen tomorrow or even next week, like my weekly forecasts. What I am saying is, it is at a point you do not want to be long without a stop. And that is no doubt.
This reversal is going to be explosive, and the nice thing you already heard about it right here on this thread.

 

[4xpipcounter]

Eur/chf

And thanks to Manoj, here is your request to the more recent update for the EUR/CHF:

This pair appears to be take a volatile ride towards the objective for this week at 1.3119. (BTW, I did not know it at the time of the post, but my WR2 is 1.3111.) Tokyo yielded us a slight pullback, and the we had the ride north that temporarily ended with a perfect bounce off my WR1 at 1.3041. Then, the dip took us to 1.2930, which was 6 points above my containment level. Now that the downside has been fully realized, we should now see the move north the rest of the way.
Be patient, Manoj. We won't get there tomorrow. AMAF, it could take us until Thurs or Fri to get there.
BTW, when the WR1 was hit before the the contrarian objective, that is a sign of what could be a volatile move for the week.Let's just hope today's dip holds up.

 

[4xpipcounter]

Eur/gbp

This pair got squeezed out like a musty grape, and it is getting ready for another huge fall. I know I have mentioned this in my weekly forecast. The level to look for the reversal would be in the huge cluster R zone between .8478 and .8493.
This is a nice looking short.

 

[4xpipcounter]

Usd/cad

It is worth mentioning about this pair that my downside objective still has not been hit, therefore, I am looking for cluster R at .9943 to contain this upward swing, and we should be getting ready for one last move south, as we should begin a more MT UP. The YR1 at .9765 is still the level to keep your eye on.

 

[4xpipcounter]

Nifty

This market has had virtually no pullback during this whole trip south. As OS as this market has been, all it hit this week was my WR1 (Check the levels as I posted them.) A trading opportunity should present itself at 5222. This is the top of the weekly cloud, which should mark some strong containment. On the upside, if 5449 is taken out comfortably, then that would also mark that we are back in the UP.

 

[rajeabc]

Re: Nifty

This market has had virtually no pullback during this whole trip south. As OS as this market has been, all it hit this week was my WR1 (Check the levels as I posted them.) A trading opportunity should present itself at 5222. This is the top of the weekly cloud, which should mark some strong containment. On the upside, if 5449 is taken out comfortably, then that would also mark that we are back in the UP.

Thanks for informative post. Actually this is my first visit to your thread. But looks I would have to visit this daily.
Would you mind to let me know which system do you follow and if you have any chart..
Also your wrote "A trading opportunity should present itself at 5222".. do you see nifty going to that level tomorrow ?( I guess so)

Thanks