USDINR has an interesting monthly pattern. For 10 months in a row, it is one timeframing without breaking previous month lows that shows the confidence of larger timeframe players. It is a straight upward one-sided rally. All-time high comes around 74.528. Current swing move from 63.10 to 74.528 which is roughly 18% of swing move. The entire move comes from the year 2018 along.
Tops down analysis indicating Monthly timeframe is balancing, Weekly timeframe is trending down and Daily timeframe is trending up. Kind of mixed timeframes which indicates that markets are in the phase of total uncertainty where most of the players opinion are not aligned in the same direction. Every timeframe has their own opinion about markets at current juncture.
Nifty Energy is in a one way street since the start of Sep 2015. Almost 100% return in the Energy index since then. Since mid of Oct 2017 Energy index is consolidating in a broader band of 13750-14670 range. Momentum index is on a continuous decline in the last 4 months indicating lack of interest from the market participants. Lack of momentum inidcates long term serious money is missing in the last 4 months.
EURUSD on the monthly timeframe trading in a larger balance between 1.0482 and 1.145 (rough estimate) since the start of 2015. Its been more than 2 years and EURUSD is trading is the tighter range on the larger timeframe. Now EURUSD is trading at the edge of the top balance. In the last view on EURUSD we viewed 1.0651 as a critical support zone for the uptrend to continue
ES-Mini on Tuesdays trading session is showing weak buying activity and last two days ES S&P500 futures are continuously whipsawing around previous week high which indicates a possible weak buying. Resistance is built around 2402.25. Price is whipsawing around the psychological reference around 2400.