8. Shanghai Composite (SSEC) v/s Silver
• The momentum on the Shanghai Composite Daily
Charts was higher than that on the Silver Daily Charts
• Does Silver Multi-Period Candlestick Chart give any
indication of what is about to happen to the Chinese
Economy?
10. August 31, 2015
₹/$ Parity
Bearish Signal
Weakness in INR against USD on
account of:
1. Sudden and unexpected
devaluation of Yuan
2. Speculation and short
covering (USD gains on low
volumes and open interest)
3. Weakening of USD against
Euro
11. Squeeze: Indicates directional change/ change in trend or continuation of the trend
₹/$ Parity
High probability
of beginning of
correction in
this zone itself
August 31, 2015
18. Disclaimer:
These extracts from my trading books are for educational
purposes only. Any advice contained therein is provided
for the general information of readers and does not have
regard to any particular person's investment objectives,
financial situation or needs and must not be construed
as advice to buy, sell, hold or otherwise deal with any
commodities, currencies, securities or other
investments. Accordingly, no reader should act on the
basis of any information contained therein without first
having consulted a suitably qualified financial advisor.