Rajandran R Follow Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

High Probability breakdown in USD Index

June 9, 2009 30 sec read

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Still now FII's are pumping money inside india due to the depreciation of the the USD Index. Thought not much fundamental improvement visible in both of the countries( India, America).

And the weekly charts states that USD index is likely to close below the cloud for the week.

Which indicates a high probability of the USD index to broke its leg. May be FII's will be more interested in Installing their money in Asian countires. For the condition to be valid USD Index should not shoot once again above 82 levels where Weekly resistance comes in.

The only thing what we cant afford is Higher Crude and Gold Prices in future
if dollar has a steep fall from current levels.

Rest Enjoy the Market!!!

Rajandran R

Author – Marketcalls