Friday, April 30, 2010

Special Report Currencies - Extract

The Indian Rupee / USD Exchange rate.

The USD has been advancing relative to the Rupee since the early 1970's in a clear 5 wave structure. The exchange rate is currently at approx. 45 (Indian Rupees per USD) and the USD/Rupee is advancing in a 5th wave and should top around 60 in a few years. This would be a long term top and we expect the Rupee to outperform the USD for more than a decade.

There seems to be an inverse correlation between the Rupee and the Indian stock market so expect the dollar to strengthen during the stock market decline in India the within next few years.

Special Report Currencies - Long term forecast
The above is an extract of our special report covering the worlds most important currencies the USD, EURO, the British Pound, Canadian Dollar, Swiss Franc, the Japanese Yen, the Australian Dollar, the Chinese Yuan and the Indian Rupee, as well as their relationships.

We also have a special section covering East European currencies since they are the most vulnerable. In currencies where the relationship patterns are not clear we have added ratio analysis which in most cases reveals the likely outcome.

Special Reports can be purchases for USD 35. The reports are free for members. You can order the report from our web site www.elliottwavetechnician.com/.

Geir Solem

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