Today's interesting charts
David Fuller's view The Indian Rupee plunged against the US dollar (INR/USD) (weekly & daily) between May and August, reaching a climactic low on the 28th of last month. That remains a floor of at least near-term significance and this rate is still well beneath its declining 200-day moving average. While overhead trading may slow the recovery, a clear downward dynamic (large red candle) will be required to check this rally beyond a brief pause.
US Indices including the Dow (weekly & daily), S&P 500 (weekly & daily), Nasdaq (weekly & daily) and Russell 2000 (weekly & daily) remain in their overall upward trends and are testing their highs, but they are also short-term overbought. Nevertheless, closes beneath the late-August and early-September lows are required to alter the medium-term uptrend consistency.