"Forecasting the USD/INR: Potential Drop to 43 on the Horizon?"

USD/INR Elliott Wave Analysis: Is a Major Correction to 43 in Sight?

The USD/INR pair has been riding a long-term uptrend for decades, reaching historic highs near 83.90 INR per USD. However, recent Elliott Wave analysis suggests that this rally may be coming to an end. The chart points to a completed 5-wave structure, with the potential for a significant correction on the horizon.

Wave Count Breakdown:

The 5-wave cycle seems to have peaked at Wave 5, indicating the possible conclusion of the uptrend.

The corrective phase is now expected to unfold in an ABC pattern, with Wave (A) potentially bringing the price down to around the 70 INR level.

A brief recovery in Wave (B) could follow, but Wave (C) is projected to drive the USD/INR further down, potentially reaching the 43 INR mark—a dramatic shift from current levels.

What Does This Mean for Traders?

If this Elliott Wave analysis holds true, the USD/INR could face a substantial bearish move in the coming years. This would present a key opportunity for traders to short the pair, especially as the price approaches the critical Wave (A) support level. However, before making any moves, traders should watch for confirmation signals and stay mindful of macroeconomic factors that could impact the U.S. dollar and the Indian rupee.

For those on the long side of the trade, this might be a good time to start reducing exposure or look for exit points, as the risk of a market reversal appears to be increasing.

Key Levels to Watch:

Wave (A) Support: ~70 INR/USD

Wave (C) Target: ~43 INR/USD

This correction could take time to play out, but the chart indicates that a long-term shift may be underway. Keep monitoring the pair for key breaks in structure to confirm the onset of the corrective waves.

How to Trade Bitcoin? I Bitcoin correction I Bitcoin Forecast 2024 I BTC/USD trading execution.

 Bitcoin 2024 Analysis :

BTC/USD near 57K. 
WXY correction might completed at 53k. Bitcoin needs to cross 63800 in five sub-waves as suggested in the below video. 

https://youtu.be/2ucsUp1ioHQ

Gold Trading on 9th July

 Gold Hourly Wave Analysis :

Gold Elliottwave 

We can see five wave unfolding from 2293.

4th wave might be completed at 2350 .

5th wave may extended as 1st and 3rd was normal . I am seeing the 5th wave up to 2430.

https://youtu.be/ijmEsAzrA1Q

BITCOIN will be the new assets ?

Today 31st Jan 2024 Bitcoin Price at $42500. Lots of social media and crowds are gossiping about Bitcoin's target in the coming years. 

Is Bitcoin itself an interesting asset or just software? Anyway, we are traders and I am just trying to forecast the price in the coming days with the help of Elliottwave.

Bitcoin Monthly Chart,

Five impulses and three corrections of one complete cycle over at $15400 from penny.

The next cycle will be bigger then first. Let's see,

Subwaves have taken support nearly 39k so for the Year 2024 the price of 39k is strong support for a move towards 50-60k .

Gold XAU/USD Price forecast 2023

 XAU/USD GOLD Weekly Elliott wave analysis :

Gold Elliott wave analysis on a weekly chart started near the price of $1046. we can see five impulse sub-waves inside the 1st wave.

Wave 2 unfolded as an ABC flat correction. Here wave 2 is a Deep correction closed at $1166

Wave 3 as usual easily visible on the chart as its personality. It is less time-consuming and fast.3rd wave finished at $2033

Wave 4 is shown as abc correction finished at $1615. we can see a bull rally from $1615 which is the "X" wave of the 4th wave or new 5th wave impulse. This impulse wave high is $2081

Let's go to the Daily Chart for a detailed analysis of the X wave or 5th wave.

Five Sub-waves counting from $1616. I have labeled high $2081 as (III)rd wave. See the personality of this wave is a big candle and Gap . which gives me confidence of 3rd wave.

Now. either we are is Vth wave or complex correction of IVth wave.

Why 95% of Traders fail in trading ?

95% of traders failed due to a lack of concentration on their goal.

Improving concentration and focus is a valuable skill that can benefit various aspects of life, including work, studying, and even daily activities. Here are some tips to help increase concentration:

1. Create a Suitable Environment: Find a quiet and comfortable place to work or study. Minimize distractions like noise, clutter, or interruptions. A dedicated workspace can help condition your mind to focus when you are in that area.

2. Set Clear Goals: Define specific and achievable goals for your tasks. Breaking larger tasks into smaller, manageable chunks can make them less overwhelming and help you maintain focus.

3. Prioritize Tasks: Focus on high-priority tasks first. Determine what needs to be done urgently and allocate time for each task accordingly.

4. Time Management: Use techniques like the Pomodoro Technique, where you work in focused intervals (e.g., 25 minutes) followed by short breaks. This method can enhance productivity and prevent burnout.

5. Avoid Multitasking: Contrary to popular belief, multitasking can reduce overall efficiency and concentration. Concentrate on one task at a time for better results.

6. Practice Mindfulness: Mindfulness meditation or breathing exercises can enhance your ability to stay present and improve concentration over time.

7. Limit Digital Distractions: Turn off unnecessary notifications on your devices and consider using website blockers or apps that help minimize distractions during work or study sessions.

8. Stay Organized: Keep your workspace and materials organized. Use tools like to-do lists, planners, or digital apps to stay on top of your tasks and deadlines.

9. Get Enough Sleep: A well-rested mind is more focused and alert. Aim for 7-9 hours of quality sleep per night.

10. Stay Hydrated and Eat Well: Proper nutrition and hydration are essential for optimal brain function. Eat balanced meals and drink enough water throughout the day.

11. Regular Exercise: Physical activity can improve blood flow to the brain and enhance cognitive function. Incorporate regular exercise into your routine.

12. Challenge Yourself: Engage in activities that challenge your brain, such as puzzles, reading, or learning new skills. Regular mental stimulation can improve focus.

13. Take Breaks: Give yourself short breaks during extended periods of focus. Step away from your work area, take a walk, or engage in a brief relaxation exercise to recharge.

Remember that improving concentration takes time and practice. Be patient with yourself and celebrate small progress along the way. Experiment with different strategies to find what works best for you. Everyone's mind works differently, so it's essential to discover what helps you stay focused and attentive.

DXY "C" Wave Price Forecast

 DXY Elliottwave Analysis :

abc wave appear on DXY .

From 2nd Feb 2023 DXY has started as "a" wave in Zig-Zag upto the 105.500

Then "b" wave unfolded as Inverted flate.I am labeling 103.400 is the end of sub-wave c.

Now "c" wave towards the 105/106.... is started and we will follow the rules of impulse wave as "c" wave has always five impulse.

Thank You....