Category Archives: Forex

Reverse Head and Shoulder on Dollar Index

A potential bullish inverse ‘’Head and Shoulder’’ seems to be forming in Dollar Index. A breach above neckline at 83.50 would indicate a breakout pushing prices higher towards 86. The Bullish view in Dollar index is reinforced by the topping Reiki cycle on EUR and GBP, bottoming JPY Rieki cycle and completing price structures in [...]
Also posted in Global | Leave a comment

Waves.Forex - The Yen Rieki – II

Last time we talked about intermediate Rieki on JPY. This time we have reinforced it with the Rieki of a larger time frame. The smoother Rieki (middle) is for a primary (multi month) degree and the bottom Rieki is the intermediate (multi week) degree. What does plotting Rieki’s of two time degrees tell us? They [...]
Posted in Forex | Tagged | Leave a comment

The Yen Rieki

When around May 2010, JPY broke the true red trendline and challenged our preferred corrective expectation up till 100, we pulled the plug and talked about 85 and new lows. We are almost there. New lows might sound historical news and a feat which could not have been seen in time. But this is what [...]
Also posted in ACCURACY.FOREX, Global | 2 Comments

EURUSD - Alternate becomes preferred

Enjoy the latest Waves.Forex Jyoti Nangrani, CMT (Chartered Market Technician) from the Market Technicians Association. She has 5 years of experience in Technical Analysis covering Equity and Commodity markets. She holds a Masters diploma in E-Business and is currently pursuing the MS Finance from ICFAI, Hyderabad. She is a Technical Analyst at Finquest Securities Pvt [...]
Also posted in Global | Leave a comment

Euro - The alternate w-x-y

Enjoy the latest Waves.Forex Jyoti Nangrani, CMT (Chartered Market Technician) from the Market Technicians Association. She has 5 years of experience in Technical Analysis covering Equity and Commodity markets. She holds a Masters diploma in E-Business and is currently pursuing the MS Finance from ICFAI, Hyderabad. She is a Technical Analyst at Finquest Securities Pvt [...]
Also posted in Global | Leave a comment

Rieki vs. Numeric Ranking

Rieki is another name for performance cycles. Rieki illustrate the performance of an asset against it’s benchmark. The illustrated chart illustrates how Indian Rupee performance varied compared to the dollar index. The INR Rieki is falling suggesting that INR has more impending weakness against dollar. The Rieki oscillator is different from Numeric Ranking histograms. The [...]
Also posted in Global | Leave a comment

Reconciling the Rieki

The more we try to integrate performance cycles (Rieki) with Forex, the more nuances we see. First about the changes we did in the Forex Rieki. We are now monitoring quarterly cycles and not minor (few trading days) cycle. This gives us a more intermediate perspective, which can reconcile the Elliott counts with performance on [...]
Also posted in Global | Leave a comment

Indian Rupee hits target at 47

Enjoy the latest Waves.Forex Jyoti Nangrani, CMT (Chartered Market Technician) from the Market Technicians Association. She has 5 years of experience in Technical Analysis covering Equity and Commodity markets. She holds a Masters diploma in E-Business and is currently pursuing the MS Finance from ICFAI, Hyderabad. She is a Technical Analyst at Finquest Securities Pvt [...]
Also posted in Global | 1 Comment

EURUSD heads into minor resistance

Enjoy the latest Waves.Forex Jyoti Nangrani, CMT (Chartered Market Technician) from the Market Technicians Association. She has 5 years of experience in Technical Analysis covering Equity and Commodity markets. She holds a Masters diploma in E-Business and is currently pursuing the MS Finance from ICFAI, Hyderabad. She is a Technical Analyst at Finquest Securities Pvt [...]
Also posted in Global | 2 Comments

Canadian Dollar heads to 1.13

Enjoy the latest Waves.Forex Jyoti Nangrani, CMT (Chartered Market Technician) from the Market Technicians Association. She has 5 years of experience in Technical Analysis covering Equity and Commodity markets. She holds a Masters diploma in E-Business and is currently pursuing the MS Finance from ICFAI, Hyderabad. She is a Technical Analyst at Finquest Securities Pvt [...]
Also posted in ACCURACY.FOREX, Global | Leave a comment