Throughout March we’ve been talking about weakness in the Rupee and the underlying trends driving it (March 3rd, 2020 and March 26, 2020).
Today we want to revisit the Rupee and talk about the pattern that’s suggesting an explosive move is ahead.
Expert technical analysis of financial markets by JC Parets
by Tom Bruni
Throughout March we’ve been talking about weakness in the Rupee and the underlying trends driving it (March 3rd, 2020 and March 26, 2020).
Today we want to revisit the Rupee and talk about the pattern that’s suggesting an explosive move is ahead.
From the desk of Steve Strazza @Sstrazza
Every weekend we publish performance tables for a variety of different asset classes and categories along with commentary on each.
As this is something we do internally on a daily basis, we believe sharing it with clients will add value and help them better understand our top-down approach. We use these tables to provide insight into both relative strength and market internals.
This week we want to highlight our US Equity Index and Industry tables as they illustrate an important resumption in leadership from the market’s most resilient areas.
From the desk of Steve Strazza @Sstrazza
Every weekend we publish simple performance tables for a variety of different asset classes and categories along with brief commentary on each.
As this is something we do internally on a daily basis, we believe sharing it with clients will add value and help them better understand our top-down approach. We use these tables to provide insight into both relative strength and market internals.
This week we want to highlight our US Equity Index and Sector tables, as they are both showing continued evidence to support some of the trends we’ve discussed recently.
by JC
Chart Summit 2020 is officially in the books. What an amazing time we had. Wow!
The videos of all the presentations are now up and you can go to ChartSummit.com and stream them for FREE!
As we always like to do here after Chart Summit, Steve Strazza and I sat down to discuss what we just witnessed. This was one of the most amazing list of speakers I’ve ever seen at a Financial Conference. I can’t even believe we were able to pull this off! Plus, we raised over $50,000 in donations, on the first day alone, to help fight coronavirus. Thank you to everyone who attended and donated! Also, big shoutout to Traders4ACause for helping us choose the organizations we’re donating to and collecting all the money. We could not have done this without you!
In this episode, we talk about the best presentations, the best charts and the common themes among the presenters. I think it always adds value to think back at what was discussed and reiterate a few of the important points that were being made by the best in the business. From Brian Shannon, Ari Wald, Craig Johnson, Gina Martin Adams, Andrew Thrasher, Frank Cappelleri, Paul Ciana, the list goes on and on….We discussed the current environment for the US and Global Stocks, Interest rates around the world, Gold and other metals, US Dollar and other currencies around the globe. There was so much value.
This was my favorite Financial Conference of all time. Easily.
I hope you enjoy our discussion, and make sure to check out all the presentations at ChartSummit.com!
by Tom Bruni
This week, the US Dollar/Rupee pair hit our upside objective and evidence suggests a near-term pullback is likely.
In this post, we’ll update our risk management levels and outline why the Rupee remains at risk longer-term.
by JC
This is the video recording of the March 2020 Conference Call.
by Tom Bruni
Sunday we wrote a post reiterating our long-term view that the path of least resistance in the Rupee remains lower.
With that said, we were a bit cautious about buying the potential breakouts in USD/INR and JPY/INR until we got confirmation, but we’ve seen some solid follow-through over the last two days.
This post will outline how to approach getting involved in the trade if you’re not already.
by Tom Bruni
There are some interesting moves happening in the Indian Rupee, so let’s take a look and update our risk management levels and targets.
Here’s the US Dollar/Indian Rupee pair on a longer-term basis. What’s clear from the weekly chart is that our thesis remains intact. As long as prices are above 69, then the path of least resistance is still higher.
Click on chart to enlarge view.