Hi everyone! As I noticed earlier, it was necessary to wait for an exit from a triangle. And so now an exit from a triangle took place up. Therefore using length of the widest part of a triangle and also Fibonacci's stretching. We receive the purpose about 77.50. Purchase at the current price. TP = 77.50 Information provided is only educational and should not...
DATE: 27 OCT 2021 INSTRUMENT: USDINR TREND: BUY TYPE: POSITIONAL. TIME FRAME: DAY CMP: .9183 BUY ABOVE: .9175 STOP LOSS: .9145 TGT 01: .9207 TGT 02: .9239 RISK DISCLOSURE: We are not S E B I registered analysts. VIEWS EXPRESSED HERE ARE FOR OUR RECORD PURPOSES ONLY. Please consult your personal financial advisor before investing. We are not responsible for your...
The USD/INR is trading near the 74.9000 juncture in early trading today, after actually trading above the 75.0000 juncture briefly yesterday. Volatility in the USD/INR has increased as resistance levels have proven vulnerable and reversal off highs occur in swift choppy motions. After breaking through the 74.7000 level yesterday, the USD/INR saw an impetus of...
Hi everyone! USD/INR pair approached important support line which lasts since September of last year. Technical indicators indicate the need at least corrections from this line. After achievement of level 73.60 it is necessary to look attentively behind dynamics of pair as after long accumulation of positions the explosive growth or falling is possible. Now pair...
Hello Welcome to this analysis about USDINR, we are looking at daily timeframe perspectives. USDINR in recent times heavily decreased with bearishness however it now moved into an oversold condition. USDINR is developing here that will be a decisive factor in the upcoming times. I discovered the main formation USDINR is developing here that will be a decisive...
Just for knowledge. 73.3350 cross then up side can go 73.5-73.6 Downside break 73.18 can reaches 73-72.9200 Each side target .2000 Stop loss just below when it's making 5small candel 5 min time frame per 15 min and major stop loss 73.25
Seeing a break in a downtrend and recent GDP predictions of -7.3% and economic devastation can see the rupee weakening further. A leading banker asked for more printing of money to help the economy. Petrol is already touched 100 rupees in many cities. Candlestick pattern : Bullish Harami at the previous well-established support region followed by a large candle.
Hi everyone! Now USD/INR pair reached the trend line on the week chart. Technical indicators indicate the need of a turn. I consider that in the nearest future we will be able to observe strengthening of dollar. Purchase has the low level of risk since SL can be placed below the trend line at once (everyone chooses itself). Bought on 72.79 TP1 = 73.59 TP2 =...
The current structure of USDINR is still weak and is probably moving towards 72.65 levels. The current chart shows two technical possibilities that suggest goos support zone in the 72-73 range. At First, there is trendline support, that the prices broke in April 2021, and the same trendline would now act as a support. Secondly, there is also a harmonic pattern...
Hi everyone! USD/INR pair moves to the lower line of an upside channel. However, I consider that shortly there will be a movement up to the level of the last top. Now it is necessary to watch closely overcoming the red line noted on the chart. Careful traders should wait for this confirmation of the idea. Bought on 74.01 TP = 75.56 SL = 73.16 Information...
Hi everyone! USD/INR pair on the day chart moves in an upside channel and now reached its lower line. Technical indicators indicate oversold pairs therefore I expect continuation of the ascending movement to level 1.618 on Fibonacci. Bought on 74.38 TP = 76.68 SL = 74.088 Information provided is only educational and should not be used to take action in the market.
Bought on 72.56 TP1 = 72.79 TP2 = 73.07 SL = 72.24 Information provided is only educational and should not be used to take action in the market. This section is intended for short-term speculation. Be ready to leave a position at any time.
Hi everyone! USD/INR pair bargains near an important trend line which can be seen on the week chart. RSI and other indicators speak about the next growth of pair in the short term. Therefore I expect growth in the beginning to the level where large volumes, and then to the following level of resistance are located. I wish all good luck in trade! Buy on...
USD INR analysis for upcoming long view. Please comment what are your views along with your analysis. lets have a good discussion
USDINR still in Bullish territory long at 73.2500 stop loss 72.7250 breaching 72.7450 leads to down side 71.650 intermediate support at 70.150 Target 75, 76, 77 long term support at 68 closing below 68 enters bearish territory until buy on dips strategy USDINR
USD is consolidating and looking to gain strength again. This time it might go and hit 80. Buy on dips with the support level given in the chart !!