I reviewed the this chart first in Sept 2020. At that time, I was looking at top to form in USD/INR. Since then, the price made wild moves but still on the looks of it, it's not clear if the top is in place. However, the most important trigger that made me think and do a detailed analysis on this is the break of this trend line. You will notice the trend line from...
Gold has always been the flight to safety. With ongoing economic turbulence across countries due to Corona V2.0 aka Lockdowns v2.0, gold will prove itself as the numero uno store of value this year. Needless to say Q1 2021 has been the worst for the Indian Rupee. Indians don't have the option to hoard $$ legally but only GOLD.
L.T.P.: 98.50 S.L.: 98.65 Short term target: 97.7 Mid term target: 97 GBP INR making head and shoulder pattern(1hr chart)
After decades old bull markets. The great indian growth miracle is going to increase demand of currency as biggest company of the world are coming to india.
USD_INR BROKE THE CHANNEL AND IS FORMING A TRIANGLE, SQUEEZED BETWEEN RESISTANCE AND A 2 YEAR SUPPORT LINE. THE PAIR EITHER BREAKS UPWARDS AND CONTINUES TRADING INSIDE WIDER OR NARROWER CHANNEL>>> LONG AFTER CONFIRMED BREAKOUT. OR THE TRIANGLE BREAKS DOWNWARDS>>>SHORT AFTER PULLBACK. ULTIMATE TARGET=SUPPORT 1. LIKE AND SUBSCRIBE FOR MORE!
A bat pattern seem to be maturing on the last part of it's journey, from leg C to leg D. Sell from 75.948 (approx) for a R/R of 2.08% on T.P 1. Sell again from 75.948 (approx) for a R/R of 3.31% on T.P 2. Thanks & good luck in all your trading.
Ask yourself the serious question what is the "Soul" or.. what is the (REAL) soul of *ALL* of Asian Currency? Perhaps the answer is "religion and folklore"? A Soul of Currency? Seriously?!? Sometimes when we talk or "placing real bets" on "real modern bonds" we are basically making "spiritual" decisions? ... about "the future" of "money"? and maybe even...
Being an NRI, you always keep an eye on this one single currency rate → OANDA:USDINR Based on an interest rate parity level, the Indian Rupee should be around 80-84 range. Still a long way to go...
USDINR - GO SHORT @ 76.71 WITH A SL OF 77.91 AND A TARGET OF 71.52. TARGET SHOULD BE ACHIEVED BY MID-APRIL 2020
USDINR - GO SHORT @ CMP WITH A SL OF 79.61 AND A TARGET OF 43.81. TARGET SHOULD BE ACHIEVED BY AUGUST 2022. TRADE HAS A RR OF 1:11
The main trend is a downtrend; however, it does not mean we cannot take a little profit in a downtrend. As it is against the steam, we put our stop tight here. Entry: 70.5 Stop: 70.2 Final target: 71.22 Have a good week. Follow to hear more.
now inr 50% down side move.because major (res) brokan and re test coming after market move up side