UCAD has a critical zone of 1.3200-1.3206
Incase it crosses above mentioned zone that will suggest that correction to the rally, which started from 1.2882 to 1.3235 in the form of A-B-C is done & UCAD should move up in coming session else it is open on downside till 1.3070 where C-wave is divided in i-ii-iii-iv-& v-waves - currently running into "v"-wave of C-Wave
Alternate Scenario- Going Above 1.3206 & sustaining above that critical zone will indicate that demand for dollar is more & an extended rally could follow next
Also, kindly check at your end to confirm.
Incase it crosses above mentioned zone that will suggest that correction to the rally, which started from 1.2882 to 1.3235 in the form of A-B-C is done & UCAD should move up in coming session else it is open on downside till 1.3070 where C-wave is divided in i-ii-iii-iv-& v-waves - currently running into "v"-wave of C-Wave
Alternate Scenario- Going Above 1.3206 & sustaining above that critical zone will indicate that demand for dollar is more & an extended rally could follow next
Also, kindly check at your end to confirm.
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)