GB Pound vs Indian Rupee, #CAC40, #DAX #GBPINR While we tend adhere to “popular” currency pairings such as with the Dollar, Euro, or Yen, the Rupee burbles quietly in the background with occasional emails asking what we think is happening next. As always, it’s complicated!
Firstly, there’s the as yet unfulfilled expectation of it hitting 75 and bouncing. It didn’t happen and as RED shows on the chart, the drop arrested pretty firmly at 79. The situation now, somewhat unlikely, indicates any weakness below 82 will still hit our 75 and hopefully exhibit a proper bounce. The danger, should 75 break, is of future weakness to 71, along with a virtual certainty the pairing shall be stuck in the 70’s for some time, a bit like most Brits perception of India!
However, there’s been something interesting going on.
When we review what has occurred since the relationship exceeded Light Blue on the chart, there appears a pretty solid chance the weakness has eased, due to considerable effort employed to stop the pair once again sinking into the darkness. In fact, should it now manage above just 91.75, it looks like recovery to 94.25 is on the cards. More importantly, if bettered, we’re calculating 99.19 as a secondary.
At this level, the visuals appear almost confident of a stutter due to the presence of prior highs at this level. Should it appear, we shall once again doubtless be contacted, asking us to run the numbers again.
For now, we suspect the pairing are just waiting sufficient reason to boost to 99.19. Perhaps the abysmal Force India GP team shall provide a final impetus.
|
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
|
|
10:08:21PM |
BRENT |
73.95 |
||||||||||
|
10:10:17PM |
GOLD |
1225 |
‘cess |
|||||||||
|
10:12:38PM |
FTSE |
7705.08 |
Success |
|||||||||
|
10:15:31PM |
FRANCE |
5433 |
5355 |
5344.5 |
5308 |
5410 |
5453 |
5467 |
5510 |
5388 |
Success |
|
|
10:18:20PM |
GERMANY |
12675 |
12529 |
12487 |
12397 |
12635 |
12721 |
12764 |
12807 |
12658 |
Success |
|
|
10:28:15PM |
US500 |
2818.57 |
Success |
|||||||||
|
10:31:11PM |
DOW |
25212 |
Success |
|||||||||
|
10:35:53PM |
NASDAQ |
7396 |
‘cess |
|||||||||
|
10:42:19PM |
JAPAN |
22543 |
24/07/2018 FTSE Closed at 7709 points. Change of 0.71%. Total value traded through LSE was: £ 6,607,606,745 a change of 36.7%
23/07/2018 FTSE Closed at 7655 points. Change of -0.3%. Total value traded through LSE was: £ 4,833,553,865 a change of -19.07%
20/07/2018 FTSE Closed at 7678 points. Change of -0.08%. Total value traded through LSE was: £ 5,972,757,582 a change of -5.7%
19/07/2018 FTSE Closed at 7684 points. Change of 0.1%. Total value traded through LSE was: £ 6,333,565,850 a change of 7.85%
18/07/2018 FTSE Closed at 7676 points. Change of 0.66%. Total value traded through LSE was: £ 5,872,564,247 a change of -0.15%
17/07/2018 FTSE Closed at 7626 points. Change of 0.34%. Total value traded through LSE was: £ 5,881,481,055 a change of 19.07%
16/07/2018 FTSE Closed at 7600 points. Change of -0.8%. Total value traded through LSE was: £ 4,939,520,492 a change of -7.42%
SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.
Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION
Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.
UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.
We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…
Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares
The Arrow icons refer to expected Big Picture direction. No Arrow, No clue!
Click Epic to jump to share: LSE:CAR Carclo** **LSE:EME Empyrean** **LSE:GLEN Glencore Xstra** **LSE:TCG Thomas Cook Group** **LSE:VEC Vectura** **LSE:WTG Watchstone** **
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Updated charts published on : Carclo, Empyrean, Glencore Xstra, Thomas Cook Group, Vectura, Watchstone,
LSE:CARLSE:CAR Carclo. Close Mid-Price: 121 Percentage Change: + 3.42% Day High: 122.5 Day Low: 110
2018=70
It remains with the potential of moves now above 123 to enter a cycle to a ……..
View Previous Carclo & Big Picture ***
LSE:EME Empyrean Close Mid-Price: 8.12 Percentage Change: -2.69% Day High: 8.35 Day Low: 7.83
2017=17
Unfortunately the threat remains of below 7.8 now bringing the share price ……..
View Previous Empyrean & Big Picture ***
LSE:GLENLSE:GLEN Glencore Xstra. Close Mid-Price: 327.4 Percentage Change: + 5.61% Day High: 331.4 Day Low: 312.4
2018=23
Optimism risks being stifled fairly quickly as while movement now above 32 ……..
View Previous Glencore Xstra & Big Picture ***
LSE:TCG Thomas Cook Group Close Mid-Price: 92.2 Percentage Change: -1.81% Day High: 94.9 Day Low: 90.85
2018=35
Below 90 suggests continued weakness will doubtless appear to 83p. If brok ……..
View Previous Thomas Cook Group & Big Picture ***
LSE:VEC Vectura Close Mid-Price: 80 Percentage Change: -1.30% Day High: 83.1 Day Low: 79.8
2018=14
Target Met. Now above 83.5 and a visit to 86.75 makes a lot of sense. Both ……..
View Previous Vectura & Big Picture ***
LSE:WTG Watchstone Close Mid-Price: 94.6 Percentage Change: -0.84% Day High: 93.8 Day Low: 88.2
2017=32
Continued dribbles below 88p point at 85 with some very possible bounce po ……..
View Previous Watchstone & Big Picture ***
*** End of “Updated Today” comments on shares. Listed below are those where commentary remains valid.
Click Epic to jump to share:LSE:AFC AFC Energy** **LSE:AGM Applied Graph.** **LSE:AMER Amerisur** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:BPC Bahamas Pet** **LSE:BT.A British Telecom** **LSE:CASP Caspian** **LSE:CBUY Cloudbuy** **LSE:CEY Centamin** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:IPF International Personal Finance** **LSE:IQE IQE** **LSE:ITV ITV** **LSE:KAZ Kaz Minerals** **LSE:LLOY Lloyds Grp.** **LSE:LMI LonMin** **LSE:MKS Marks and Spencer** **LSE:MOS Mobile Streams** **LSE:NG. National Glug** **LSE:NIPT Premaltha** **LSE:OPG OPG Power Ventures** **LSE:OXIG Oxford Instruments** **LSE:PMG Parkmead** **LSE:PMO Premier** **LSE:POG Petrop etc** **LSE:POL Polo Resources** **LSE:POLY Polymetal** **LSE:PPC President Energy** **LSE:QFI Quadrise** **LSE:RBS Royal Bank Scot** **LSE:RED REDT** **LSE:RKH Rockhopper** **LSE:RMG Royal Male** **LSE:RR. Rolls Royce** **LSE:RTHM Rythm One** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SHP Shire** **LSE:STAN Standard Chartered** **LSE:SUMM Summit** **LSE:SXX Sirius Mins** **LSE:TAN Tanfield** **LSE:TLW Tullow** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:UKOG UK Oils and Gas** **LSE:VED Vedanta** **LSE:VOD Vodafone** **LSE:VOG VICTORIA** **LSE:ZOL Zoldav** **
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Many thanks for taking the time to read this and good luck for today. Please feel free to mention us after something goes right!
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