The USD/INR (Indian Rupee) pair triggered a bullish wedge pattern recently and entered into a consolidation. The price is now trading near the 38.2% Fib level which aligns with a horizontal support level, signaling a potential continuation of the underlying downtrend. Notice that the pair hasn't reached the profit target projected by the wedge pattern yet,...
USDINR seems to have completed a 5 wave move as per ending diagonal pattern shown as 1-2-3-4-5, and also an impulse wave of higher degree shown as (1)-(2)-(3)-(4)-(5). Can expect a fall to 70.41 by 30/08 - 04/09 A move above 72.30 invalidates the pattern. Wave count in Nifty too supports short term weakness.
USDINR active till indian Budget july 2019
little bit push back like- 70.32 and 70.12
looking good for long , see triangal and buy..
Looking bullish next 2 weeks
Hi trading view members. Thanks for interactions on my last post. USDINR is testing 3 month long support. Looking at elections and political situation, I predict that #USDINR will oscillate in the 69 to 69.6 range. Rebound trend expected around early End march to April.
BUY & SELL Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
=> After many requests from our followers in India we are posting an update to the USDINR map. => Here from a technical perspective we can see that there is a case to be made for the '5th wave' already being put in place... although we didn't quite reach the target for the minimum flow it came close enough. => This means the next big support level below is 68.86...
short with 72.80 stoploss tp -71.00 and 69.00 new low soon
Guys, INR/AED pair is poised to go higher till .0532 during January 2019 , from there there are two possibilities described below - A) It may reverse from that point considering its testing all time low support line (Black line) which now will act as a strong resistance line, and hence price will go low to the new lows around .470 mark. B) If, the price...
Short its a really good entry to short take a look
=> Studies are starting to show we are extremely overbought here in USDINR and a mean reversion play looks imminent... => The daily close below 71.38 will confirm this and unlock both the 70.395 and 69.530 before there is anything else to the buy side. => Similarly to the USD/RUB and USD/TRY we are starting to see temporary short-term highs across most of the EM...
since the daily chart stoch rsi , and rsi shows overbought condition and we are heading to 1.618 ext of last rally down on daily chart , and counting wave 4 extension of 3.618 fib , and could be a great short opportunity for overdue correction