Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

[Interesting Charts] USDINR Divergence Charts

21 sec read

Fisher Transform Divergence

[wp_ad_camp_5]  

Interesting Divergence behavior in USDINR Daily charts while trying to use Fisher Transform indicator by Ehlers. Almost every divergence as shown in the above charts extended any where between 28-34 days. Divergence generally occurs when an indicator and the price of an asset are heading in opposite directions. Current positive divergence is running on for last 32 days i.e USDINR rate is slowing and moving down however fisher indicator is turning upwards.

Is this cycle behavior likely to continue in the near trend? Does this indicator forecasting a near medium uptrend in USDINR? What is your take?

Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

USDJPY – Made a Top Formation

Finally, the USDJPY strengthening came to an end from a short-term perspective. Last Friday USJPY rallied to 151.94 levels surging past the August 1990 high...
Rajandran R
33 sec read

Dollar Index Made a Top Formation

Finally, the dollar strengthening came to an end from a short term perspective. The dollar index tracks the relative value of the U.S. dollar...
Rajandran R
32 sec read

Public Caution: RBI Issues Alert List on Overseas Forex/CFD…

Very recently Reserve Bank of India cautioned investors/traders/public not to undertake forex trading on unauthorised platforms and also provided an Alert List. The Alert...
Rajandran R
1 min read

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More