{"id":1268,"date":"2019-10-09T23:31:21","date_gmt":"2019-10-09T22:31:21","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=1268"},"modified":"2019-10-10T08:20:38","modified_gmt":"2019-10-10T07:20:38","slug":"sterling-vs-india-rupee-for-10-10-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/10\/09\/sterling-vs-india-rupee-for-10-10-2019\/","title":{"rendered":"Sterling vs India Rupee for 10\/10\/2019"},"content":{"rendered":"\n

#CAC40 #SP500 <\/strong>It’s been some time since we covered this particular #Forex pairing, something of a surprise as we’d generally been quite spiteful about the Force India Formula 1 outfit. Thankfully Farce India are no more, the team taken over and renamed Racing Point and still based at Silverstone.<\/p>\n\n\n\n

The Rupee \/ Sterling relationship needs, like so many \nother instruments, a glance back 10 years to 2009 as we need make a decision on \nthe visuals for the intervening 10 years since the last financial tumble. At \npresent, there are a few alarm bells ringing with this pairing as weakness now \nbelow 86.25 risks reversal down to an initial 83.80. This risks being \nsignificant, again breaking the long term uptrend and risking continued \nreversals to 79, should 83.80 break on the initial drop.<\/p>\n\n\n\n

It’s probably worth looking at the inset on the chart \nbelow. The relationship was gapped (aka manipulated) back above the ruling \nuptrend in August, suggesting the market was perfectly aware the dangers of a \ndrop. <\/p>\n\n\n\n

In this particular instance, despite 79 making a lot of \nvisual sense as “bottom”, our software insists this scenario should complete at \na bottom of 75.<\/p>\n\n\n\n

What if a miracle occurs?<\/p>\n\n\n\n

The relationship needs exceed 89.50 at present to \nsuggest it’s moving out of trouble. This should permit some recovery up to an \ninitial 94 with secondary, if exceeded, calculating at a longer term 100. \nThere’s certainly a heck of an argument favouring a pause at 94 but our \nsecondary ambition looks less possible.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n\n
\n\t

Time Issued<\/font><\/TD>

\n\t

Market<\/font><\/TD>

\n\t

Price At Issue<\/font><\/TD>

\n\t

Short Entry<\/font><\/TD>

\n\t

Fast Exit<\/font><\/TD>

\n\t

Slow Exit<\/font><\/TD>

\n\t

Stop<\/font><\/TD>

\n\t

Long Entry<\/font><\/TD>

\n\t

Fast Exit<\/font><\/TD>

\n\t

Slow Exit<\/font><\/TD>

\n\t

Stop<\/font><\/TD>

\n\t

Prior<\/font><\/TD> <\/TR>\nFUTURES<\/font><\/a>

\n\t

9:48:10PM<\/font><\/TD>

\n\t

BRENT<\/font><\/TD>

\n\t

58.19<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

9:49:30PM<\/font><\/TD>

\n\t

GOLD<\/font><\/TD>

\n\t

1505.61<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

<\/TD> <\/TR>\n

\n\t

9:51:34PM<\/font><\/TD>

\n\t

FTSE<\/font><\/TD>

\n\t

7187.94<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

<\/TD> <\/TR>\n

\n\t

9:54:34PM<\/font><\/TD>

\n\t

FRANCE<\/font><\/TD>

\n\t

5515.2<\/font><\/TD>

\n\t

5463<\/font><\/TD>

\n\t

5452.5<\/font><\/TD>

\n\t

5438<\/font><\/TD>

\n\t

5507<\/font><\/TD>

\n\t

5527<\/font><\/TD>

\n\t

5537<\/font><\/TD>

\n\t

5570<\/font><\/TD>

\n\t

5480<\/font><\/TD>

\n\t

Shambles<\/font><\/TD> <\/TR>\n

\n\t

10:09:05PM<\/font><\/TD>

\n\t

GERMANY<\/font><\/TD>

\n\t

12112.65<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n

\n\t

10:10:41PM<\/font><\/TD>

\n\t

US500<\/font><\/TD>

\n\t

2921.22<\/font><\/TD>

\n\t

2890<\/font><\/TD>

\n\t

2873.5<\/font><\/TD>

\n\t

2855<\/font><\/TD>

\n\t

2925<\/font><\/TD>

\n\t

2930<\/font><\/TD>

\n\t

2943.5<\/font><\/TD>

\n\t

2962<\/font><\/TD>

\n\t

2900<\/font><\/TD>

\n\t

<\/TD> <\/TR>\n

\n\t

10:24:05PM<\/font><\/TD>

\n\t

DOW<\/font><\/TD>

\n\t

26366<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:26:22PM<\/font><\/TD>

\n\t

NASDAQ<\/font><\/TD>

\n\t

7691<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

<\/TD> <\/TR>\n

\n\t

10:29:11PM<\/font><\/TD>

\n\t

JAPAN<\/font><\/TD>

\n\t

21583<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n\n<\/TABLE>\n\n

 <\/p>\n

9\/10\/2019 FTSE Closed at 7166 points. Change of 0.32%. Total value traded through LSE was: \u00a3 5,209,605,060 a change of -0.79%<\/h><\/p>\n
8\/10\/2019 FTSE Closed at 7143 points. Change of -0.75%. Total value traded through LSE was: \u00a3 5,250,871,756 a change of -5.63%<\/h><\/p>\n
7\/10\/2019 FTSE Closed at 7197 points. Change of 0.59%. Total value traded through LSE was: \u00a3 5,564,169,791 a change of 8.23%<\/h><\/p>\n
4\/10\/2019 FTSE Closed at 7155 points. Change of 1.1%. Total value traded through LSE was: \u00a3 5,141,232,015 a change of -4.88%<\/h><\/p>\n
3\/10\/2019 FTSE Closed at 7077 points. Change of -0.63%. Total value traded through LSE was: \u00a3 5,404,760,567 a change of -16.8%<\/h><\/p>\n
2\/10\/2019 FTSE Closed at 7122 points. Change of -3.23%. Total value traded through LSE was: \u00a3 6,496,135,228 a change of -7.41%<\/h><\/p>\n
1\/10\/2019 FTSE Closed at 7360 points. Change of -0.65%. Total value traded through LSE was: \u00a3 7,016,145,513 a change of 8.13%<\/h>

 <\/p>\n<\/p>\n\n\n","protected":false},"excerpt":{"rendered":"

#CAC40 #SP500 It’s been some time since we covered this particular #Forex pairing, something of a surprise as we’d generally been quite spiteful about the Force India Formula 1 outfit. Thankfully Farce India are no more, the team taken over and renamed Racing Point and still based at Silverstone. The Rupee \/ Sterling relationship needs, … <\/p>\n

Continue reading “Sterling vs India Rupee for 10\/10\/2019”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1268","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/comments?post=1268"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1268\/revisions"}],"predecessor-version":[{"id":1269,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1268\/revisions\/1269"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=1268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=1268"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=1268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}