Today on ATA RESEARCH Focus
ASIAN EM F/X – Indian Rupee & Indonesian Rupiah
another
FLASH POINT of Global EM RISK OFF Wave…
after
China & Yuan Currency War
Turkey & Lira Panic
TRY – TURKISH RATING DOUBLE IMPACT…
Russia & Rub Problems
Brazil & Real Crisis
BRAZIL REAL – TURKISH & EM F/X RISK PRESSURE…
South Africa & Zar RISK OFF Wave
SOUTH AFRICAN RAND – TURKISH & EM F/X RISK STRIKE…
Mexican Peso No Positive Reaction on New NAFTA
MEXICAN PESO – F/X SURPRISE after US – MEXICO TRADE DEAL…
&
Argentina & Peso Blow Off
ARGENTINA PESO – F/X GAME for ONE GOAL…
of course with
still Strong USD Position on Global F/X
DXY – F/X NORTHERN STAR for EM CURRENCIES…
&
Active Motive – TRUMP TRADE WAR
Indian Rupee & Indonesian Rupiah are under RISK OFF STRIKE…
this time…like always
Most Important is Real Smart Money Reaction on ASIAN F/X…!!!
ATA MIND OVER MARKETS…
ATA MARKET MODEL :
First…Market Motive…
Second…Market Technical Pattern…
Present Indian Rupee & Indonesian Rupiah Situation
Main Motives
FED QT in Action
Global EM CURRENCIES RISK OFF Wave
TRUMP TRADE WAR
USD/INR – Indian Rupee
Strong Bullish Monthly Candlesticks
with
Last Strong Bullish Weekly Candlestick
Most Important Key Levels are :
Long & Medium Term View – 72 & 68.50 – 68.70
ATA USD/INR Present Investment Conclusion
There is
No Trend Change Pattern
&
No Positive Motive for INDIA Currency
Now must wait & focus on
Strategic Technical Pattern …!!!
USD/IDR – Indonesian Rupiah
Bullish Monthly Candlestick but with Upper Shadow
with
Last Strong Bullish Weekly Candlestick
Most Important Key Levels are :
Long & Medium Term View – 15.368 ( Last High ) vs 14.700 ( Top 2015 )
ATA USD/IDR Present Investment Conclusion
There is
No Trend Change Pattern
but
First Sign of Stop Depreciation of Indonesian Rupiah
Upper Shadow Monthly & Weekly Candlestick
so
Now must wait & focus on
Confirmation & Strategic Technical Pattern …!!!
USD/INR & USD/IDR Monthly – Weekly Charts :
USD/INR
USD/IDR
