As of today, my very long term analysis for INR is as shown in the chart. I will update the chart if I see any major change in the structure
Very interesting price action, succesful completion of this pattern will break the Indian rupee to all time low as far as it could depreciate to near 80 level
#USD is testing markets with formation of wage. Wait for the breakout! Looking at the global economic stability and oil market, I expect to go long.
TP1: Start of the target box. TP2: End of the target box or closed manually within.
Happy to see INR covering some ground. Will this free fall of @USD, will it test Yearly support line of 2016 of 66.5?
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... .zip (with PDF`s) @ my Google Drive In percents away from all-time high & low by last close (1482 Cross-Rates) drive.google.com Best regards :) Aaron
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... more 4XSetUps @ 1482 Major Cross-Rates (741 on both sides) @ my GOOGLE Drive drive.google.com Best regards Aaron
Expecting USD/INR price should fall as rupee gains value.
USDINR showing consolidation and potential breakout as it experiences strong support at 2 year support trendline. RR ratio 2.31. If prv high is broken 71 is possible.
Suggested price action at crucial level. Happy trading! ______________________ START MAKING MONEY with INSIDEMARKET TRADE SIGNALS . Mail me to InsideMarketFX@gmail.com or at Skype @insidemarket168 Trade record & statistics: miud.in
INR GETTING STRONGER FOR WHILE AND IT LOOKS LIKE YEN CAN 0.52619 BEFORE GOING UP. CYPHER PATTERN COMPLETION IS A GOOD TIME TO BUY YEN. BUT CURRENTLY SHORT IT FOR A WEEK. RISK REWARD: 1:1
SHORT DOLLAR AS RUPEE LOOKS STRONGER RISK-REWARD: 1:3
China's central bank guided the yuan lower on Thursday FX_IDC:CNYUSD . China's first shock devaluation in August jolted the global financial markets and Indian currency "INR" was also affected by this sudden move. This second devaluation has come at such a crucial time, when money market was expecting strengthening in "INR" and start of appreciating trend. Can...