Euro / USD in December 2016

Now that the Italian referedum is round the corner, let us look at what we were expecting in October 2016....
See this link...
http://niftyastrotechnicals.blogspot.in/2016/10/euro-and-union-october-2016.html

We were expecting the US Elections to lend support to the Dollar, leading Euro lower....
This is the current update....

MCX Crude Updates Dec 02 2016

Inter market divergence

Inter market Divergence!

Jupiter translating Uranus Pluto Square, in 2013 and 2016

Interestingly Rupee had hit a low of 68.25 against the dollar on September 03, 2013.

Right now we are in the middle of this intense period which started on November 24 and ends on December 26th.Again our equities and currencies are again at a low.
Is History set to repeat again, for totally different reasons?

Nifty Wave Counts for December 2016

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Nifty Cycles Update November 21, 2016

We see that the weekly Primary cycles range between 20 to 25 weeks. Occasionally they get shortened to 16 weeks as well. Mostly this happens when a large cycle such as a 50 week cycle comes and juxtaposes. Unless Nifty turns up and closes above the previous week high, we cannot conclude that the cycle has bottomed.Cycles never bottom out on precise weeks...this is because they are subject to the pulls and pushes of several other cycles.

USDINR

After a long time. USD INR broke out of its trading range. This means wave 4 has ended and wave 5 has begun.

Wave 3 had extended. So wave 5 could equal wave 01. That gives us a target of 72.
When wave 5 ends, it will also end the larger wave 3. So we could expect a prolonged correction in the form of larger wave 4.
Here are the long tern counts....

It all started in October 2007 when Dow topped out. USD INR was just 39!Now it is in the 5th wave of the Third. Since wave 2 was a complex correction, we may expect the larger wave Four to be a correction of the simple type.
That Fourth  wave  after 72, could bring in the benefits of demonetization.
This does not mean that Nifty would decrease.
One worry is that FII money would leave us, if Rupee depreciates fast  on a response to the Dollar.. This is because they are operating in Indian Rupee and they are subject to big currency risk. Their investments in US are in Dollar terms and so there is no currency risk there.
But Astro points to a rise in Equity in the first quarter of 2017.So maybe the Don would be India friendly in his policies?

Dow and S&P

Nifty Monthly Cycles...

Nifty Nov 08 2016 Update